Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 91

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 91
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 investment strategies and, in some cases, may choose not to invest in us if they believe our policies and actions relating
to corporate responsibility are inadequate. The growing investor demand for measurement of non-financial performance is addressed by third-party
providers of sustainability assessment and ratings on companies. The criteria by which our corporate responsibility practices are assessed
may change due to the constant evolution of the sustainability landscape, which could result in greater expectations of us and cause us
to undertake costly initiatives to satisfy such new criteria. If we elect not to or are unable to satisfy such new criteria, investors
may conclude that our policies and actions with respect to corporate social responsibility are inadequate. We may face reputational damage
in the event that we do not meet the ESG standards set by various constituencies.

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Furthermore, if our competitors’
corporate social responsibility performance is perceived to be better than ours, potential or current investors may elect to invest with
our competitors instead. In addition, in the event that we communicate certain initiatives and goals regarding environmental, social and
governance matters, we could fail, or be perceived to fail, in our achievement of such initiatives or goals, or we could be criticized
for the scope of such initiatives or goals. If we fail to satisfy the expectations of investors, employees and other stakeholders or our
initiatives are not executed as planned, our reputation and business, operating results and financial condition could be adversely impacted.

Changes in U.S. and
foreign tax laws, as well as the application of such laws, could adversely impact our financial position and operating results.

We are subject to complex tax
laws and regulations in the United States and may become subject to a variety of foreign jurisdictions. All of these jurisdictions have
in the past and may in the future make changes to their corporate income tax rates and other income tax laws which could increase our
future income tax provision. For example, our future income tax obligations could be adversely affected by earnings that are lower than
anticipated in jurisdictions where we have lower statutory rates and by earnings that are higher than anticipated in jurisdictions where
we have higher statutory rates, by changes in the valuation of our deferred tax assets and liabilities, by changes in the amount of unrecognized
tax benefits, or by changes in tax laws, regulations, accounting principles, or interpretations thereof, including changes with possible
retroactive application or effect.

Our determination of our tax
liability is subject to review and may be challenged by applicable U.S. and