Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 469

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 469
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 shares dependent on the terms of the individual SAFE, such as the Purchase Amount, Discount Rate, Post -MoneyValuation Cap, and the Company Capitalization. At inception, the Purchase Amount and Post -MoneyValuation Cap are both known, and the Company Capitalization results in a share calculation that is in essence a minimum number of shares to be delivered to the investor at conversion. Other conversion events include liquidity events such as a change of control, direct listing, or initial public offering. Upon a liquidity event or dissolution event, the investors to the SAFEs will automatically be entitled to receive cash proceeds equal to, at a minimum, the Purchase Amount, prior to and in preference to any distribution of any assets or surplus funds to the common and preferred stockholders of the Company.

F-19

Fold, Inc.
Notes to Financial Statements 8. SAFES (cont.) SAFEs outstanding as of December 31, 2023 consisted of the following purchase amounts and terms for conversion:

| SAFE Number |     | Amount 
 Funded |           |     | Conversion Detail                    |
|:------------|:----|:-------|----------:|:----|:-------------------------------------|
| SAFE-27     |     | $      |   500,000 |     | 15% Discount Rate                    |
| SAFE-28     |     |        |   500,000 |     | 15% Discount Rate                    |
| SAFE-26     |     |        | 3,000,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-29     |     |        | 3,000,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-33     |     |        |   250,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-30     |     |        |   100,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-31     |     |        |   100,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-32     |     |        |    50,000 |     | Post-Money Valuation Cap $70,000,000 |

The SAFEs are classified as a liability based on Management’s evaluation of the characteristics of the instruments and the Company presents the SAFEs at fair value as a non -currentli