Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 124

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 124
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 Business Combination, Fold (or New Fold, as
successor to 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 Note, the “Investor Notes”),
subject to the mutual discretion of Fold and the Investor. The Investor Notes will be convertible into shares of New Fold Common Stock
at a conversion price of $11.50 per share. The Investor Notes are secured by Fold’s assets as collateral, including a portion of
Fold’s proprietary bitcoin, and will mature three years after the closing of the Business Combination.

On March 6, 2025, Fold entered into a Securities
Purchase Agreement (the “March 2025 Securities Purchase Agreement”) with an institutional investor (the “Investor”),
pursuant to which Fold issued to the Investor (i) a Senior Secured Convertible Note in an aggregate principal amount of $46,279,500 (the
“March 2025 Investor Note”), which will be convertible into common shares at a conversion price of $12.50 per share, and (ii)
warrants exercisable for 925,590 shares of common shares with an exercise price of $15.00 per share (the “March 2025 Warrants”).
The March 2025 Investor Note matures on March 6, 2031. The March 2025 Investor Note was funded with 475 bitcoin, net of transaction fees.
This bitcoin will be included in the Company’s Digital Assets – Investment Treasury and will be held as collateral to secure
the March 2025 Investor Note until maturity or conversion of the Note.

Looking ahead

Fold has a proven track record of launching products
that enhance engagement with our current customers and attract new customers to our platform. In 2025, we will build on this success by
expanding our existing offerings to further engage our existing users, and we plan to introduce several new products to attract new customers.
Here is how we intend to continue our momentum:

Product strategy

In February 2025 we publicly announced a new product
line, the Fold Bitcoin Rewards Credit Card. This product is an expansion of our current bitcoin-rewards Fold Debit Card. As with our Fold
Debit Card, we have partnered with Visa to launch this product which is expected to launch in 2025. Premium customers will receive unlimited
2% bitcoin rewards, a