Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 841

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 841
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 determination, the Company shall have 12 consecutive calendar days during which the Company may cure such Available Liquidity, whether by increasing its Available Bitcoin Value and/or its Available Cash during such period) and (y) the Available Cash as of such Covenant Measurement Date shall equal or exceed $3,000,000 (collectively, the “ Minimum Liquidity Test ”). (ii) Operating Results Announcement . Commencing on the initial Covenant Measuring Date, the Company shall publicly disclose and disseminate (such date, the “ Announcement Date ”), if the Minimum Liquidity Test has not been satisfied for such Fiscal Quarter or Fiscal Year, as applicable, a statement to that effect no later than the tenth (10 th ) day after the end of such Fiscal Quarter or Fiscal Year, as applicable, and such announcement shall include a statement to the effect that the Company is (or is not, as applicable) in breach of the Minimum Liquidity for such Fiscal Quarter or Fiscal Year, as applicable. On the Announcement Date, the Company shall also provide to the Holder a certification, executed on behalf of the Company by the Chief Financial Officer of the Company, certifying that the Company satisfied the Minimum Liquidity for such Fiscal Quarter or Fiscal Year, as applicable, if that is the case. If the Company has failed to meet the Minimum Liquidity for a Fiscal Quarter or Fiscal Year, as applicable, (each a “ Financial Covenant Failure ”), on or prior to the Announcement Date, the Company shall provide to the Holders a written certification, executed on behalf of the Company by the Chief Financial Officer of the Company, certifying that the Minimum Liquidity has not been met for such Fiscal Quarter or Fiscal Year, as applicable (a “ Financial Covenant Failure Notice ”). Concurrently with the delivery of each Financial Covenant Failure Notice to the Holders, the Company shall also make publicly available (as part of a Quarterly Report on Form 10-Q, Annual Report on Form 10-K or on a Current Report on Form 8-K, or otherwise) the Financial Covenant Failure Notice and the fact that an Event of Default has occurred under the Notes. (q) Independent Investigation . At the request of the Required Holders (as defined in the Securities Purchase Agreement) either (x) at any time when an Event of Default has occurred and is continuing, (y) upon the occurrence of an event that with the passage of time or giving of notice would constitute an Event of Default or (z) at any time the Required Holders reasonably believes an Event of Default may