Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 53

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 53
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 by industry-wide standards, payment card networks, existing and
future laws and regulations, resistance to change from our customers, which includes our sellers and their customers, or third parties’
intellectual property rights. Incorporating new technologies into our products and services may require substantial expenditures and take
considerable time, and we may not be successful in realizing a return on our efforts in a timely manner or at all.

Our success will depend on our ability to develop
new technologies, to adapt to technology changes and evolving industry standards, to incorporate new technologies into our products and
services, and to provide products and services that are tailored to specific needs and requirements of our customers. For example, generative
AI has become more publicly available and enterprise adoption of generative AI has grown. If we are unable to provide enhancements and
new features for our products and services or to develop new products and services that achieve market acceptance or that keep pace with
rapid technological developments and evolving industry standards, our business would be materially and adversely affected.

We often rely, not only on our own initiatives and
innovations, but also on third parties, including some of our competitors, for the development of and access to new technologies and development
of a robust market for these new products and technologies. Failure to accurately predict or to respond effectively to developments in
our industry may significantly impair our business. In addition, because our products and services are designed to operate with a variety
of systems, infrastructures, and devices, we need to continuously modify and enhance our products and services to keep pace with changes
in technologies. Any failure of our products and services to continue to operate effectively with third-party infrastructures and technologies
could reduce the demand for our products and services, result in dissatisfaction of our customers, and materially and adversely affect
our business.

33

Our products and services may not function as intended due to
undetected errors in our software, hardware, and systems, product defects, developmental delays, or due to security breaches or incidents
or human error in administering these systems, which could damage user or third-party relations, decrease our potential profitability
and expose us to liability, and materially and adversely affect our business.

Our software, hardware, systems, and processes may
contain undetected errors or vulnerabilities that could have a material adverse effect on our business, particularly to the extent such
errors or vulnerabilities are not detected and remedied quickly. We have from time to time found defects in our user-facing software and
hardware, internal systems,