Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 10

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 10
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 pursuant to which the Investor purchased a note with an aggregate principal amount of $20.0 million which is convertible to shares of Common Stock of Fold following the Business Combination (the “Initial SPV Note”). Fold also issued Series A, Series B, and Series C Warrants to the Investor for approximately 0.9 million, 0.5 million, and 0.9 million shares, respectively (the “SPV Warrants”). The transactions contemplated by the SPV SPA are collectively referred to herein as the “SPV Transaction.” 1

On March 6, 2025, Fold entered into a Securities Purchase Agreement the (“SATS SPA”) with SATS Credit Fund LP (“SATS Credit Fund”) pursuant to which SATS Credit Fund purchased a note with an aggregate principal amount of approximately $46.3 million which is convertible into an aggregate of approximately 3.7 million shares of Common Stock of Fold (the “SATS Note”). Fold also issued a warrant to SATS Credit Fund for 925,590 shares of Common Stock (the “SATS Warrant” and, together with the SPV Warrants, the Public Warrants, “Warrants”). SATS Credit Fund also received 750,000 shares of Common Stock of Fold as consideration for entry into the SATS SPA. The transactions contemplated by the SATS SPA are collectively referred to herein as the “SATS Transaction.” Summary Risk Factors Our business is subject to a number of risks of which you should be aware before making an investment decision. These risks are discussed more fully in the “ Risk Factors” section of this prospectus immediately following this prospectus summary. These risks include the following:

| ● | Our operating results have and will significantly fluctuate, including due to the highly volatile nature 
 of Bitcoin.                                                                                              |

| ● | Changes in card network rules or standards could adversely affect our business. |

| ● | We operate in a highly competitive industry and we compete against companies with greater financial and other                                    
 resources, and our business, operating results, and financial condition may be adversely affected if we are unable to respond to our competitors 
 effectively.                                                                                                                                     |

| ● | Our long-term success depends on our ability to develop new and innovative products and services to address                                      
 and keep pace with the rapidly evolving market for payments and financial services, and, if we are not able to implement successful enhancements 
 and new features for our products and services, our business, operating results and financial condition could be materially and adversely        
 affected.