Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 102

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 102
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, the debt holders would have rights senior to holders of our common stock to make claims
on our assets, and the terms of any debt could restrict our operations, including our ability to pay dividends on our common stock. If
we issue additional equity securities, stockholders will experience dilution, and the new equity securities could have rights senior to
those of our currently authorized and issued common stock. The trading prices for our common stock may be highly volatile, which may reduce
our ability to access capital on favorable terms or at all. In addition, a slowdown or other sustained adverse downturn in the general
economic or Bitcoin market could adversely affect our business and the value of our common stock. Because our decision to raise capital
in the future will depend on numerous considerations, including factors beyond our control, we cannot predict or estimate the amount,
timing, or nature of any future issuances of securities. As a result, our stockholders bear the risk of future issuances of debt or equity
securities reducing the value of our common stock and diluting their interests. Our inability to obtain adequate financing or financing
on terms satisfactory to us, when we require it, could significantly limit our ability to continue supporting our business growth and
responding to business challenges.

Risks Related to Being a Public Company Following the Business Combination

The market price of shares of our common stock may be volatile
or may decline regardless of our operating performance. You may lose some or all of your investment.

The trading price of our common stock is likely
to be volatile. The stock market recently has experienced extreme volatility. This volatility often has been unrelated or disproportionate
to the operating performance of particular companies. You may not be able to resell your shares at an attractive price due to a number
of factors such as those listed in “— Risks Related to Our Business and Industry” and the following:

●our operating and financial performance and prospects;

●our quarterly or annual earnings or those of other companies
in our industry compared to market expectations;

●conditions that impact demand for our products and/or services;

●future announcements concerning our business, our clients’
businesses or our competitors’ businesses;

●the public’s reaction to our press releases, other
public announcements and filings with the SEC;

●the market’s reaction to our reduced disclosure and
other requirements as a result of being an “emerging growth company” under the Jumpstart Our Business Startups Act (the “JOBS
Act”);

●the size of our public float;