Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 109

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 109
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 following effects:

●existing shareholders’ proportionate ownership interest
in us will decrease;

●the amount of cash available per share, including for payment
of dividends in the future, may decrease;

●the relative voting strength of each share of previously
outstanding common stock may be diminished; and

●the market price of our securities may decline.

Fluctuations in operating results, quarter to quarter earnings
and other factors, including incidents involving customers and negative media coverage, may result in significant decreases in the price
of our securities.

The stock markets experience volatility that is
often unrelated to operating performance. These broad market fluctuations may adversely affect the trading price of our securities, and,
as a result, there may be significant volatility in the market prices of our securities. Separately, if we are unable to achieve profitability
in line with investor expectations, the market price of our Common Stock will likely decline when it becomes apparent that the market
expectations may not be realized. In addition to operating results, many economic and seasonal factors outside of our control could have
an adverse effect on the price of our securities and increase fluctuations in our results. These factors include certain of the risks
discussed herein, operating results of other companies in the same industry, changes in financial estimates or recommendations of securities
analysts, speculation in the press or investment community, negative media coverage or risk of proceedings or government investigation,
change in government regulation, foreign currency fluctuations and uncertainty in tax policies, the possible effects of war, terrorist
and other hostilities, other factors affecting general conditions in the economy or the financial markets or other developments affecting
the Bitcoin financial services industry.

An active market for our securities may not develop, which would
adversely affect the liquidity and price of our securities.

The price of our securities may vary significantly
due to factors specific to us as well as to general market or economic conditions. Furthermore, an active trading market for our securities
may never develop or, if developed, it may not be sustained. You may be unable to sell your securities unless a market can be established
and sustained.

Claims for indemnification by our directors and officers may
reduce its available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.

Our organizational documents provide that we will
indemnify our directors and officers, in each case to the fullest extent permitted by Delaware law.

In addition, as permitted by Section 145 of
the DGCL, our amended and restated bylaws and