Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1546

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9A
Chunk 1546
---
,816 and 15,630,150 shares subject to possible redemption as of December 31, 2024 and 2023, respectively) 
     959  
     959 
  
    Class B common stock, $0.0001 par value; 10,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 
     —  
     — 
  
    Additional paid-in capital 
     6,008,775  
     6,984,216 
  
    Accumulated deficit 
     (14,332,652) 
     (11,296,875)
  
    Total stockholders’ deficit 
     (8,322,918) 
     (4,311,700)
  
    Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit 
    $52,216,095  
    $165,959,208 

The accompanying notes are an integral part
of the consolidated financial statements.

F-3

FOLD HOLDINGS, INC.

(F/K/A FTAC EMERALD ACQUISITION CORP.)

CONSOLIDATED STATEMENTS OF OPERATIONS

    For the Year Ended December 31, 

    2024  
    2023 
  
    General and administrative expenses 
    $2,920,423  
    $3,730,488 
  
    Loss from operations 
     (2,920,423) 
     (3,730,488)

    Other income (expense):  

    Interest income earned on investments held in trust account 
     2,953,920  
     11,207,609 
  
    Interest expense 
     (434,696) 
     — 
  
    Non-redemption agreement expense 
     (838,825) 
     (708,400)
  
    Other
    income (expense), net 
     1,680,399  
     10,499,209 

    (Loss) Income before provision for income taxes 
     (1,240,024) 
     6,768,721 
  
    Provision for income taxes 
     (628,508) 
     (2,325,087)
  
    Net (loss) income 
    $(1,868,532) 
    $4,443,634 

    Basic and diluted