Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 21

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 21
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weightedaverage price of Bitcoin as of the day immediately prior to the Closing Date is equal to or greater than $90,000, the Base Purchase Price, plus an amount equal to the product of (a) (i) the Adjusted Company Bitcoin Treasury Amount minus(ii) the Company Bitcoin Treasury Amount, multiplied by(b) 0.2; provided, that such additional amount shall not exceed $54.75 million. For purposes of this definition, the price of Bitcoin as reported on coinmarketcap.com shall be used to calculate the 60 -dayvolume -weightedaverage price of Bitcoin. “ Code” means the Internal Revenue Code of 1986, as amended. “ Code of Conduct” means the Code of Business Conduct and Ethics to be adopted by the New Fold Board and applicable to all of New Fold’s employees, executive officers and directors. “ Company Bitcoin Treasury Amount” means the number of Specified BTC multiplied by the 60 -dayvolume -weightedaverage price of Bitcoin as set forth in the Merger Agreement. 3 “ Conversion Amount” means all or any portion of the principal amount of the Investor Notes, plus accrued and unpaid interest, any late charges thereon and any other unpaid amounts, collectively. “ December 2024 Initial Investor Note” means the Senior Secured Convertible Note, $20million aggregate principal amount, issued by Fold to the Investor pursuant to the December 2024 Securities Purchase Agreement. “ December 2024 Investor Warrants” means the December 2024 Series A Warrants, the December 2024 Series B Warrants and the December 2024 Series C Warrants, collectively. “ December 2024 Securities Purchase Agreement” means that certain Securities Purchase Agreement, dated as of December24, 2024, by and between Fold and the Investor. “ December 2024 Series A Warrants” means the warrants exercisable for 869,565shares of Fold Common Stock with an exercise price of $12.50 per share issued by Fold to the Investor pursuant to the December 2024 Securities Purchase Agreement. “ December 2024 Series B Warrants” means the warrants that will become exercisable for 500,000shares of New Fold Common Stock following the closing of the Business Combination with an effective exercise price of $0.001 per share. “ December 2024 Series C Warrants” means the warrants exercisable for 869,565shares of New Fold Common Stock with an exercise price of $11.50 per share issued by Fold to the Investor pursuant to