Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 868

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 868
---
“ Interest Conversion Price ” means, with respect to any given Interest Date, that price which shall be the lower of (i) the applicable Conversion Price as in effect on the applicable Interest Date, and (ii) 96% of the lowest VWAP of the Common Stock during the seven (7) consecutive Trading Day period ending and including the Trading Day immediately preceding the applicable Interest Date (such period, the “ Interest Conversion Measuring Period ”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Interest Conversion Measuring Period. Annex I-36 (qq)“ Interest Rate ” means twelve percent (12%) per annum, subject to adjustment from time to time in accordance with Section 2. (rr)“ Investment ” means any beneficial ownership (including stock, partnership or limited liability company interests) of or in any Person, or any loan, advance or capital contribution to any Person or the acquisition of all, or substantially all, of the assets of another Person or the purchase of any assets of another Person for greater than the fair market value of such assets. (ss)“ Material Adverse Event ” shall mean any event that (i) materially and adversely affects the business, properties, assets, liabilities, operations (including results thereof) or condition (financial or otherwise) of the Company or any Subsidiary, taken as a whole, (ii) materially and adversely affects the business, properties, assets, liabilities, operations (including results thereof) or condition (financial or otherwise) of the Company or any Subsidiary, taken as a whole, (iii) materially and adversely affects the transactions contemplated hereby or in any of the other Transaction Documents or any other agreements or instruments to be entered into in connection herewith or therewith or (iv) a reasonable person would determine substantially threatens the Company’s ability to continue to function as a going concern. For the avoidance of doubt, any fluctuation in the price of Bitcoin shall not constitute an event described in (i), (ii) or (iii) above. (tt)“ Maturity Date ” shall mean October 19, 2025 (or, if the Public Company Date has occurred, the thirty-six month anniversary of the Public Company Date); provided, however, the Maturity Date may be extended at the option of the Holder (i) in the event that, and for so long as, an Event of Default shall have occurred and