Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 25

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 25
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, individual and class action lawsuits with respect to a variety of matters, including employment, consumer
protection, advertising, and securities. In addition, we may from time to time become subject to, government and regulatory investigations,
inquiries, actions or requests, other proceedings and enforcement actions alleging violations of laws, rules, and regulations, both foreign
and domestic. The scope, determination, and impact of claims, lawsuits, government and regulatory investigations, enforcement actions,
disputes, and proceedings to which we are subject cannot be predicted with certainty, and may result in:

| ● | substantial payments to satisfy judgments, fines, or penalties; |

| ● | substantial outside counsel, advisor, and consultant fees and costs; |

| ● | substantial administrative costs, including arbitration fees; |

| ● | additional compliance and licensure requirements; |

| ● | loss or non-renewal of existing licenses or authorizations, or prohibition from or delays in obtaining additional 
 licenses or authorizations, required for our business;                                                            |

| ● | loss of productivity and high demands on employee time; |

| ● | criminal sanctions or consent decrees; |

| ● | termination of certain employees, including members of our executive team; |

| ● | barring of certain employees from participating in our business in whole or in part; |

| ● | orders that restrict our business or prevent us from offering certain products or services; |

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| ● | changes to our business model and practices; |

| ● | delays to planned transactions, product launches or improvements; and |

| ● | damage to our brand and reputation. |

Regardless of the outcome, any
such matters can have an adverse impact, which may be material, on our business, operating results, or financial condition because of
legal costs, diversion of management resources, reputational damage, and other factors.

If we cannot keep pace
with rapid industry changes to provide new and innovative products and services, the use of our products and services, and consequently
our net revenue, could decline, which could adversely impact our business, operating results, and financial condition.

Our industry has been characterized
by many rapid, significant, and disruptive products and services in recent years. These include advancements in payments services, new
digital assets and related technologies and use cases, etc. We expect new services and technologies to continue to emerge and evolve,
which may be superior to, or render obsolete, the products and services that we currently provide. For example, disruptive technologies
such