Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 74

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 74
---
, as well as those levied by foreign regulators. In addition to fines and penalties, consequences for
failing to comply with applicable rules and regulations could include criminal and civil proceedings, forfeiture of significant assets
or other enforcement actions. We could also be required to make changes to our business practices or compliance programs as a result of
regulatory scrutiny. In addition, failure to predict how a U.S. law or regulation or a law or regulation from another jurisdiction in
which we operate with respect to money transmission or similar requirements apply or will be applied to us could result in licensure or
registration requirements, administrative enforcement actions and/or could materially interfere with our ability to offer certain payment
methods or to conduct our business in particular jurisdictions. We cannot predict what actions the U.S. or other governments may take
or what restrictions these governments may impose that will affect our ability to process, accept or transmit payments or to conduct our
business in particular jurisdictions. Further, we may become subject to changing payment and financial services regulations and requirements
that could potentially affect the compliance of our current payment processes and increase the operational costs we incur to support payments.
The factors identified here could impose substantial additional costs, involve considerable delay to the development or provision of our
solutions, require significant and costly operational changes, or prevent us from providing our products or solutions in any given market.

We are also subject to rules
governing electronic funds transfers and payment card association rules. We may also be directly or indirectly liable to the payment networks
for rule violations. Payment networks set and interpret their network operating rules and may allege that our business model violates
these operating rules. If such allegations are not resolved favorably, they may result in significant fines and penalties or require changes
in our business practices that may be costly and adversely affect our business. The payment networks could adopt new operating rules or
interpret or reinterpret existing rules, including as a result of a change in our designation by major payment card providers or by a
payment network, that we or our processors might find difficult or even impossible to follow, or costly to implement. As a result, we
could lose our ability to give customers the option of using cards to fund their accounts or purchases or the choice of currency in which
they would like their card to be charged or we may be required to change our business operations. If we are unable to accept cards or
are limited in our ability to do so, our business would be adversely affected. In addition, any increase to fees charged or interchange