Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 257

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 257
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 stockholder vote or tender offer in connection with the Business Combination and in
connection with certain amendments to the Company’s certificate of incorporation. In accordance with the guidance in ASC Topic 480,
“Distinguishing Liabilities from Equity,” and with the SEC and its staff’s guidance on redeemable equity instruments,
which has been codified in ASC 480-10-S99, redemption provisions not solely within the control of the Company require common stock subject
to redemption to be classified outside of permanent deficit.

As of December 31, 2024 and 2023, the common stock
subject to possible redemption reflected on the balance sheets is reconciled in the following table:

| Class A common stock subject to possible redemption, December 31, 2022 |     |   |  253,814,255 |   |
| Less:                                                                  |     |   |              |   |
| Proceeds allocated to Public Warrants                                  |     |   |  (96,791,644 | ) |
| Plus:                                                                  |     |   |              |   |
| Accretion of carrying value to redemption value                        |     |   |    8,699,271 |   |
| Class A common stock subject to possible redemption, December 31, 2023 |     |   |  165,721,882 |   |
| Less:                                                                  |     |   |              |   |
| Redemption of shares                                                   |     |   | (116,724,496 | ) |
| Plus:                                                                  |     |   |              |   |
| Accretion of carrying value to redemption value                        |     |   |    2,248,962 |   |
| Class A common stock subject to possible redemption, December 31, 2024 |     | $ |   51,246,348 |   |

NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the Public Offering, the Sponsor purchased an aggregate of 890,000Private Placement Units for a purchase price of $ 8,900,000, or $ 10.00per unit, in a private placement. Additionally, concurrently with the partial exercise of the over-allotment option by the underwriter, the Company issued to the Sponsor 86,081Private Placement Units at a price of $ 10.00per Private Placement Unit for total proceeds of $ 860,810. Each Private Placement Unit consists of oneshare of Class A common stock and one-half of oneW