Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 468

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 468
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holders of the Company.

F-19

Fold, Inc.
Notes to Financial Statements 8. SAFES (cont.) SAFEs outstanding as of December 31, 2023 consisted of the following purchase amounts and terms for conversion:

| SAFE Number |     | Amount 
 Funded |           |     | Conversion Detail                    |
|:------------|:----|:-------|----------:|:----|:-------------------------------------|
| SAFE-27     |     | $      |   500,000 |     | 15% Discount Rate                    |
| SAFE-28     |     |        |   500,000 |     | 15% Discount Rate                    |
| SAFE-26     |     |        | 3,000,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-29     |     |        | 3,000,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-33     |     |        |   250,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-30     |     |        |   100,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-31     |     |        |   100,000 |     | Post-Money Valuation Cap $70,000,000 |
| SAFE-32     |     |        |    50,000 |     | Post-Money Valuation Cap $70,000,000 |

The SAFEs are classified as a liability based on Management’s evaluation of the characteristics of the instruments and the Company presents the SAFEs at fair value as a non -currentliability in the Company’s accompanying balance sheets. The estimated fair value of the SAFEs considered the timing of issuance and whether there were changes in the various scenarios since issuance. As of and for the years ended December 31, 2023 and 2022, the fair value of the SAFEs was $10.6 million and $8.7 million, respectively, with the remeasurement on the SAFEs representing an increase in the liability of $1.4 million and $1.7 million, respectively, included in change in fair value of SAFEs on the accompanying statements of operations. Refer to Note 13 for further details on the fair value measurement of the SAFEs. 9. STOCKHOLDERS’ EQUITY Common