Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 24

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 24
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. The impact on us related to such matters could be substantial. Although we have implemented
controls, and are working to implement additional controls and screening tools designed to prevent sanctions violations, there is no guarantee
that we will not inadvertently provide access to our products and services to sanctioned parties or jurisdictions in the future.

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Regulators worldwide frequently
study each other’s approaches to the regulation of the cryptoeconomy. Consequently, developments in any jurisdiction may influence
other jurisdictions. New developments in one jurisdiction may be extended to additional services and other jurisdictions. As a result,
the risks created by any new law or regulation in one jurisdiction are magnified by the potential that they may be replicated, affecting
our business in another place or involving another service. Conversely, if regulations diverge worldwide, we may face difficulty adjusting
our products, services, and other aspects of our business with the same effect. These risks are heightened as we face increased competitive
pressure from other similarly situated businesses that engage in regulatory arbitrage to avoid the compliance costs associated with regulatory
changes.

The complexity of U.S. federal
and state and international regulatory and enforcement regimes, coupled with the global scope of our operations and the evolving global
regulatory environment, could result in a single event prompting a large number of overlapping investigations and legal and regulatory
proceedings by multiple government authorities in different jurisdictions. Any of the foregoing could, individually or in the aggregate,
harm our reputation, damage our brand and business, and adversely affect our operating results and financial condition. Due to the uncertain
application of existing laws and regulations, it may be that, despite our regulatory and legal analysis concluding that certain products
and services are currently unregulated, such products or services may indeed be subject to financial regulation, licensing, or authorization
obligations that we have not obtained or with which we have not complied. As a result, we are at a heightened risk of enforcement action,
litigation, regulatory, and legal scrutiny which could lead to sanctions, cease and desist orders, or other penalties and censures which
could significantly and adversely affect our continued operations and financial condition.

We may be subject to
material litigation, including individual and class action lawsuits, as well as investigations and enforcement actions by regulators and
governmental authorities. These matters are often expensive and time consuming, and, if resolved adversely, could harm our business, financial
condition, and operating results.

We may from time to time become
subject to claims, arbitrations