Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 483

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 483
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 in our audited financial statements for the year ended December 31, 2023. Recently issued accounting pronouncements not yet adopted In November 2024, the FASB issued ASU 2024 -03, Income Statement -Reporting Comprehensive Income -Expense Disaggregation Disclosures (Subtopic 220 -40 ): Disaggregation of Income Statement Expenses. ASU 2024 -03requires public companies to disclose, in the notes to the financial statements, specific information about certain costs and expenses at each interim and annual reporting period. This includes disclosing amounts related to employee compensation, depreciation, and intangible asset amortization. In addition, public companies will need to provide qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. ASU 2024 -03is effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Implementation of ASU 2024 -03may be applied prospectively or retrospectively. The Company does not expect the adoption of ASU 2024 -03to have a material impact on its financial statements. 3. REVENUE Disaggregation of revenue We disaggregate revenue by service type and by platform as follows:

|                                    | Revenue stream |   |   Nine Months 
         Ended 
 September 30, 
          2024 |   |     |   |   Nine Months 
         Ended 
 September 30, 
          2023 |   |
|:-----------------------------------|:---------------|:--|--------------:|:--|:----|:--|--------------:|:--|
| Banking and payment revenues       |                | $ |    15,252,865 |   |     | $ |    15,625,958 |   |
| Custody and trading revenues       |                |   |        62,340 |   |     |   |        23,961 |   |
| Other revenues                     |                |   |           358 |   |     |   |       152,618 |   |
| Less: Sales returns and allowances |                |   |        (3,839 | ) |     |   |        (8,677 | ) |
| Revenues, net                      |                | $ |    15,311,724 |   |     | $ |    15,793,860 |   |

The net reduction in revenue related to