Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1356

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 1356
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 to (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase,
make any short sale or otherwise dispose of or agree to dispose of, directly or indirectly, any securities of any such Lock-Up Party (including,
without limitation, any securities issued pursuant to the Business Combination Registration Statement, any Common Stock and/or any Common
Stock Equivalents) (the “Securities”), or establish or increase a put equivalent position or liquidate or decrease a call
equivalent position within the meaning of Section 16 of the Exchange Act and the rules and regulations of the SEC promulgated thereunder
with respect to any Securities owned directly by a Lock-Up Party (including holding as a custodian) or with respect to which a Lock-Up
Party has beneficial ownership within the rules and regulations of the SEC (respectively, each “Lock-Up Party’s Securities”),
or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any such Lock-Up Party’s Securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery
of any Securities, in cash or otherwise, (iii) make any demand for or exercise any right or cause to be filed a registration statement,
including any amendments thereto, with respect to the registration of any Securities (other than the Business Combination Registration
Statement or as permitted pursuant to the A&R Registration Rights Agreement) or (iv) publicly disclose the intention to do any of
the foregoing.

The Lock-Up Period under the
Lock-Up Agreements shall terminate on August 14, 2025.

Founder shares

In June 2021, our sponsor
purchased 7,992,750 founder shares for an aggregate purchase price of $25,000. In October 2021, we effected a 1.1014-for-1.0 stock split
of our common stock. In November 2021, we effected a 0.9955-for-1.0 stock split of our common stock. In January 2022, as a result of the
underwriter exercising its overallotment option in part, our initial holders forfeited 148,192 founder shares. As a result, our initial
stockholders held 8,615,141 founder shares prior to the Closing. The number of founder shares was determined based on the expectation
that the founder shares would