Company: FLDDW
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0000950170-25-072851
Chunk: 58

Company: Fold Holdings, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 58
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 previously released to the Company upon conversion of the March 2025 Investor Note to Common Stock, with a maximum potential repayment of 500 bitcoin if no amounts convert to Common Stock during the life of the note. No cash payments by Fold are contemplated under the Note. Management expects that the Company’s existing cash and cash equivalents, accounts receivable, and digital assets received through March 31, 2025 will be sufficient to enable the Company to fund its anticipated level of operations through one year from the date these financial statements are available to be issued. We may continue to pursue additional capital via various capital instruments in the future, however, such funding may not be available on terms acceptable to us or at all. Although management believes that such capital sources will continue to be available, there can be no assurances that financing will be available to the Company when needed, or if available, on terms acceptable to the Company. If the Company is unable to obtain adequate financing on terms that are satisfactory to the Company, when the Company requires it, the Company’s ability to continue to grow or support the business and to respond to business challenges could be significantly limited, which may adversely affect the Company’s business plan. For the three months ended March 31, 2025 and 2024 The following table summarizes our cash flow activities:

|                                           |     | Three Months Ended March 31, |       2025 |   |     |   |     2024 |   |
|:------------------------------------------|:----|:-----------------------------|-----------:|:--|:----|:--|---------:|:--|
| Net cash used in operating activities     |     | $                            | (4,954,200 | ) |     | $ | (354,231 | ) |
| Net cash used in investing activities     |     |                              | (1,829,194 | ) |     |   | (612,601 | ) |
| Net cash provided by financing activities |     |                              |    152,587 |   |     |   |  500,000 |   |
| Net increase (decreased) in cash          |     | $                            | (6,630,807 | ) |     | $ | (466,832 | ) |

Cash flows from operating activities For the three months ended March 31, 2025, cash used in operating activities was $5.0 million compared to $0.4 million for the three months ended March 31, 2025. This increase