Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 461

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 461
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 leases with terms that are equal to or less than one year (b) for all existing asset classes that contain both lease and non -leasecomponents, combining these components together end accounting for them as a single lease component, and (c) the package of practical expedients, which among other things, allows the Company to avoid reassessing contracts that commenced prior to adoption that were properly evaluated under legacy U.S. GAAP. The Company’s adoption of ASC 842 did not result in any changes to the balance sheet as the Company did not identify any contracts that meet the definition of a lease under the standard. On December 13, 2023, the FASB issued ASU 2023 -08, Accounting For and Disclosure of Crypto Assets(Subtopic 350 -60), which addresses the accounting and disclosure requirements for certain digital assets. The new guidance requires entities to subsequently measure certain digital assets at fair value, with changes in fair value recorded in net income in each reporting period. The Company elected to early adopt ASU 2023 -08as of January 1, 2021, as we have previously not issued or made financial statements available to be issued. Recently issued accounting pronouncements not yet adopted In November 2023, the FASB issued ASU 2023 -07, Segment Reporting(Topic 280), which requires enhanced segment disclosures primarily focusing on significant segment expense disclosures for both interim and annual periods. ASU 2023 -07is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted and requires modified retrospective transition method. The Company will not early adopt, and is currently assessing the impact of ASU 2023 -07in its financial statements and its disclosures. The Company does not expect the adoption of this standard to have material impact to its financial statements. F-16

Fold, Inc.
Notes to Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) In December 2023, the FASB issued ASU 2023 -09, Improvements to Income Tax Disclosures(Topic 740), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023 -09is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company does not believe the adoption of ASU 2023