Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 283

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 283
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 the FDIC, Sutton Bank’s primary banking regulator.

47

We may in the future, enter into partnerships, collaborations,
joint ventures, or strategic alliances with third parties. If we are unsuccessful in establishing or maintaining strategic relationships
with these third parties or if these third parties fail to deliver certain operational services, our business, operating results, and
financial condition could be adversely affected.

We may in the future, enter into partnerships,
collaborations, joint ventures, or strategic alliances with third parties in connection with the development, operation and enhancements
to our platform and products and the provision of our services. For example, we may partner with additional Bitcoin custody or service
providers to expand the reach of our services or increase resilience of our network, or we may partner with other companies to provide
new products or services such as a credit card or savings product. Identifying strategic relationships with third parties, and negotiating
and documenting relationships with them may be time-consuming and complex and may distract management. Moreover, we may be delayed, or
not be successful, in achieving the objectives that we anticipate as a result of such strategic relationships. In evaluating counterparties
in connection with partnerships, collaborations, joint ventures or strategic alliances, we consider a wide range of economic, legal and
regulatory criteria depending on the nature of such relationship, including the counterparties’ reputation, operating results and
financial condition, operational ability to satisfy our and our customers’ needs in a timely manner, efficiency and reliability
of systems, certifications costs to us or to our customers, and licensure and compliance status. Despite this evaluation, third parties
may still not meet our or our customers’ needs which may adversely affect our ability to deliver products and services to customers,
may adversely impact our business, operating results, and financial condition. Counterparties to any strategic relationship may have economic
or business interests or goals that are, or that may become, inconsistent with our business interests or goals, and may subject us to
additional risks to the extent such third party becomes the subject of negative publicity, faces its own litigation or regulatory challenges,
or faces other adverse circumstances. Conflicts may arise with our strategic partners, such as the interpretation of significant terms
under any agreement, which may result in litigation or arbitration which would increase our expenses and divert the attention of our management.
If we are unsuccessful in establishing or maintaining strategic relationships with third parties, our ability to compete in the marketplace
or to grow our revenue could be impaired and our business, operating results, and financial condition