Company: FLDDW
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0000950170-25-087072
Chunk: 3

Company: Fold Holdings, Inc.
Filing Date: 2025-06-17
Form: 8-K
Item: Item 1.01
Chunk 3
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 Material Outside Event (as defined in the Facility) shall have occurred and be continuing; (v) no statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction that prohibits or directly, materially and adversely affects any of the transactions contemplated by the Facility; (vi) the shares are quoted on the Nasdaq (or the New York Stock Exchange, NYSE American, the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, or the NYSE Euronext) and all the Shares issuable pursuant to such Advance Notice will be approved for trading on Nasdaq or the applicable Principal Market (as defined in the Facility); and, (vii) there shall be a sufficient number of authorized but unissued and otherwise unreserved shares of Common Stock for the issuance of all the Shares issuable to such Advance Notice. An Advance Notice will not be deemed delivered, without the prior written consent of the Investor, if the bid price for the shares of Common Stock is at or below $1.20 per share.

Termination of the Facility

Unless earlier terminated, as provided in the Facility, the Facility will terminate automatically on the earliest to occur of: (i) the first day of the next month following the twenty-four (24) month anniversary of the date of the Facility; and (ii) the date on which the Investor shall have purchased Shares under the Facility for an aggregate purchase price equal to the Commitment. The Company has the right to terminate the Facility at any time, upon five (5) trading days’ prior written notice to the Investor, provided that there are no outstanding Advance Notices under which the Company is to issue Shares. The Facility may also be terminated by mutual written consent of the parties thereto. Neither the Company nor the Investor may assign or transfer their respective rights and obligations under the Facility, and no provision of the Facility may be modified or waived by the Company or the Investor other than by an instrument in writing signed by both parties.

No Short-Selling by Investor

The Investor agreed that neither it nor any entity managed or controlled by the Investor will engage in any short sales during the term of the Facility and will not enter into any transaction that establishes a net short position with respect to the Shares. The Facility stipulates that the Investor may sell the Company’s Shares to be issued pursuant to an Advance Notice, following receipt of the Advance Notice, but prior to receiving such Shares