Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 134

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 134
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 of the convertible note discount and issuance costs, as well as interest expense on the convertible note. Other income Other income primarily consists of interest income earned on cash and cash equivalents. 79

Income tax expense The provision for income taxes consists primarily of federal, state and local tax. Our effective tax rate fluctuates from period to period due to changes in the mix of income and losses in jurisdictions with a wide range of tax rates, changes resulting from the amount of recorded valuation allowance, permanent differences between U.S. generally accepted accounting principles and local tax laws, and certain one -timeitems. Results of operations for the years ended December 31, 2024 and 2023 Results of operations

|                                                    |     | Year Ended December 31, |        2024 |   |     |   |       2023 |   |     |   |           $ 
      Change |   |     |     | %      
 Change |
|:---------------------------------------------------|:----|:------------------------|------------:|:--|:----|:--|-----------:|:--|:----|:--|------------:|:--|:----|----:|:-------|
| Revenues, net                                      |     | $                       |  23,753,148 |   |     | $ | 21,534,032 |   |     | $ |   2,219,116 |   |     |  10 | %      |
| Operating expenses                                 |     |                         |             |   |     |   |            |   |     |   |             |   |     |     |        |
| Banking and payment costs                          |     |                         |  22,472,378 |   |     |   | 20,999,385 |   |     |   |   1,472,993 |   |     |   7 | %      |
| Custody and trading costs                          |     |                         |     228,080 |   |     |   |    169,698 |   |     |   |      58,382 |   |     |  34 | %      |
| Compensation and benefits                          |     |                         |   3,225,179 |   |     |   |  3,713,196 |   |     |   |    (488,017 | ) |     | -13 | %      |
| Marketing expenses                                 |     |                         |     493,900