Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 895

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 895
---
 Possible Redemption and Stockholders’ Deficit 
    $52,216,095  
    $165,959,208 

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

F-3

FOLD HOLDINGS, INC.

(F/K/A FTAC EMERALD ACQUISITION CORP.)

CONSOLIDATED STATEMENTS OF OPERATIONS

    For the Year Ended December 31, 

    2024  
    2023 
  
    General and administrative expenses 
    $2,920,423  
    $3,730,488 
  
    Loss from operations 
     (2,920,423) 
     (3,730,488)

    Other income (expense):  

    Interest income earned on investments held in trust account 
     2,953,920  
     11,207,609 
  
    Interest expense 
     (434,696) 
     — 
  
    Non-redemption agreement expense 
     (838,825) 
     (708,400)
  
    Other
    income (expense), net 
     1,680,399  
     10,499,209 

    (Loss) Income before provision for income taxes 
     (1,240,024) 
     6,768,721 
  
    Provision for income taxes 
     (628,508) 
     (2,325,087)
  
    Net (loss) income 
    $(1,868,532) 
    $4,443,634 

    Basic and diluted weighted average shares outstanding, Class A common stock 
     14,970,335  
     25,873,722 
  
    Basic and diluted net (loss) income per common stock, Class A common stock 
    $(0.12) 
    $0.14 

    Basic and diluted weighted average shares outstanding, Class B common stock 
     —  
     6,184,019 
  
    Basic and diluted net income per common stock, Class B common stock 
    $—  
    $0.14 

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

F-4

FOLD HOLDINGS, INC.

(F/K/A FTAC EMERALD ACQUISITION CORP.)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’
DEFICIT

FOR THE YEARS