Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 275

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 275
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. (F/K/A FTAC EMERALD ACQUISITION CORP.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2024

NOTE 10. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,” establishes standards
for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major
customers. Operating segments are defined as components of an enterprise for which separate financial information is available that
is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess
performance.

The Company’s chief operating decision maker has been identified
as the Chief Financial Officer (“CODM”), who reviews the operating results for the Company as a whole to make decisions about
allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one reportable
segment.

The CODM assess performance for the single segment and decides how
to allocate resources based on net income or loss that also is reported on the statements of operations as net income or loss. The measure
of segment assets is reported on the balance sheet as total assets.

|                                      |     |   | For the Year Ended December 31, 2024 |     |   | For the Year Ended December 31, 2023 |
|:-------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| General and administrative expenses  |     | $ |                            2,920,423 |     | $ |                            3,730,488 |
| Interest earned on the Trust Account |     | $ |                            2,953,920 |     | $ |                           11,207,609 |

The CODM reviews interest earned on the Trust Account to measure and
monitor stockholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance
with the trust agreement. General and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure
enough capital is available to complete a business combination within the business combination period. The CODM also reviews general and
administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.
General and administrative costs, as reported on the statement of operations, are the significant segment expenses provided to the CODM
on a regular basis.

All other segment items included in net income or loss are reported
on