Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 502

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 502
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 |            — |     |        |   — |     |            — |   |     |        |    — |   |     |            | (1,720,054 | ) |     |             |  (6,979,217 | ) |     |               | (8,699,271 | ) |
| Waiver of Deferred Underwriter’s Fee                          |     |            — |     |        |   — |     |            — |   |     |        |    — |   |     |            |  8,704,270 |   |     |             |           — |   |     |               |  8,704,270 |   |
| Net income                                                    |     |            — |     |        |   — |     |            — |   |     |        |    — |   |     |            |          — |   |     |             |   4,443,634 |   |     |               |  4,443,634 |   |
| Balance as of December 31, 2023                               |     |    9,591,222 |     | $      | 959 |     |            — |   |     | $      |    — |   |     | $          |  6,984,216 |   |     | $           | (11,296,875 | ) |     | $             | (4,311,700 | ) |

The accompanying notes are an integral part of the financial statements.

F-50

FTAC EMERALD ACQUISITION CORP.
STATEMENTS OF CASH FLOWS

|                                                                                  |     | For the Year Ended 
 December 31,       |        2023 |   |     |   |        2022 |   |
|:---------------------------------------------------------------------------------|:----|:-------------------|------------:|:--|:----|:--|------------:|:--|
| Cash Flows from Operating Activities:                                            |     |                    |             |   |     |   |             |   |
| Net income                                                                       |     | $                  |   4,443,634 |   |     | $ |   1,115,764 |   |
| Adjustments to reconcile net income to net cash used in operating activities:    |     |                    |             |   |     |   |             |   |
| Non-redemption agreement expense                                                 |     |                    |