Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 334

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 334
---
 | March 31, 
 2025      | 20,000,000 |     | December 31, 
 2024         | 20,000,000 |
|:------------------------------------------------|:----|:----------|-----------:|:----|:-------------|-----------:|
| Convertible debt, gross                         |     |           | 20,000,000 |     |              | 20,000,000 |
| Less:                                           |     |           |            |     |              |            |
| Debt discount, net of amortization              |     |           |  6,213,572 |     |              |  6,636,805 |
| Debt issuance costs, net of amortization        |     |           |  1,507,602 |     |              |  1,610,291 |
| Convertible debt, net                           |     |           | 12,278,826 |     |              | 11,752,904 |
| Less: Current portion of long-term debt         |     |           |          — |     |              | 11,752,904 |
| December 2024 convertible note, net – long-term |     | $         | 12,278,826 |     | $            |          — |

In December 2024, the Company entered into a Securities Purchase Agreement (the “December 2024 SPA”) with an institutional investor (the “Investor”) for the sale of a Senior Secured Convertible Note which is convertible into shares of the Company’s common stock. The Company executed the December 2024 SPA and consummated the issuance of (i) an Initial Note in the principal amount of $20,000,000 with a conversion price of $11.50 per share (the “December 2024 Initial Investor Note”), and (ii) Series A, Series B, and Series C warrants to initially acquire up to 869,565, 500,000, and 869,565 additional shares of the Company’s common stock, respectively, with an initial exercise price of $12.50, $0.001, and $11.50 per share of common stock, respectively, subject to adjustment (collectively, the “Investor Warrants”). Fold may issue to the Investor an additional Senior Secured Convertible Note in an aggregate principal amount of up to $10,000,000 (the “Additional Investor Note” and, together with the December 2024 Initial Investor