Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 861

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 861
---
1934 Act. For clarity, the purpose of the foregoing is to subject collectively the Holder and all other Attribution Parties to the Maximum Percentage. (i)“ Available Bitcoin Value” means, with respect to any date of determination, an amount equal to the product of (i) the lesser of (x) the 30-day VWAP of Bitcoin and (y) the VWAP of Bitcoin as of the Trading Day immediately prior to such date of determination and (ii) the aggregate number of Bitcoin held by the Company; provided, that for purposes of determining the “Available Bitcoin Value” during any 12 consecutive calendar day period during which the Available Liquidity does not meet the requirement under Section 14(p)(i) hereof, due to the Available Bitcoin Value, then solely during such 12 consecutive calendar day period, only clause (i)(y) shall be used for purposes of determining the Available Bitcoin Value. (j)“ Available Cash ” means, with respect to any date of determination, an amount equal to the aggregate amount of the Cash of the Company and its Subsidiaries (excluding for this purpose cash held in restricted accounts or otherwise unavailable for unrestricted use by the Company or any of its Subsidiaries for any reason) as of such date of determination held in bank accounts of financial banking institutions in the United States of America. (k)“ Available Liquidity ” means, with respect to any date of determination, the sum of the Available Cash and the Available Bitcoin Value as of such date of determination. (l)“ Bitcoin ” means one unit of the digital currency traded under the ticker symbol “BTC”. (m)“ Bitcoin Collateral ” means 300 Bitcoin that is subject to a custodian control agreement. Annex I-30 (n)“ Bitcoin Collateral Event ” means the twelfth (12 th ) consecutive calendar day on which the value of the Bitcoin Collateral or any additional Bitcoin that is credited to any account that is subject to a Custodian Control Agreement was less than the lesser of (x) $15,000,000 and (y) the principal amount outstanding under the Notes issued under the Securities Purchase Agreement. (o)“ Black Scholes Consideration Value” means the value of the applicable Option, Convertible Security or Adjustment Right (as the case may be) as of the date of issuance thereof calculated using the Black Scholes Option Pricing Model obtained from the “OV” function on Bloomberg utilizing (i) an underlying price per share equal to the Closing Sale Price of the Common