Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 466

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 466
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 2023 -07, Segment Reporting(Topic 280), which requires enhanced segment disclosures primarily focusing on significant segment expense disclosures for both interim and annual periods. ASU 2023 -07is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted and requires modified retrospective transition method. The Company will not early adopt, and is currently assessing the impact of ASU 2023 -07in its financial statements and its disclosures. The Company does not expect the adoption of this standard to have material impact to its financial statements. F-16

Fold, Inc.
Notes to Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) In December 2023, the FASB issued ASU 2023 -09, Improvements to Income Tax Disclosures(Topic 740), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023 -09is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company does not believe the adoption of ASU 2023 -09will have a material impact on its financial statements and disclosures. In March 2024, the SEC adopted new rules that will require registrants to provide certain climate -relatedinformation in their registration statements and annual reports. The rules require information about a registrant’s climate -relatedrisks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate -relatedrisks will also include disclosure of a registrant’s greenhouse gas emissions. In addition, the rules will require registrants to present certain climate -relatedfinancial metrics in their audited financial statements. We are currently evaluating the potential impact of these rules on our financial statements and related disclosures. We do not believe that any other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on our financial statements. 3. REVENUE Disaggregation of revenue We disaggregate revenue by service type and by platform as follows:

|                                    | Revenue stream |   |   Year Ended 
 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2022 |   |
|:-----------------------------------|:---------------|:--|-------------:|:--|