Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 293

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 293
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 our offerings on terms that are not economically feasible, to re-engineer our platform, to discontinue or delay
the provision of our offerings if re-engineering could not be accomplished on a timely basis or to make generally available, in source
code form, our proprietary code, any of which could adversely affect our business, operating results, and financial condition. Moreover,
the terms of many open source licenses have not been interpreted by U.S. or foreign courts. As a result, there is a risk that these
licenses could be construed in a way that could impose unanticipated conditions or restrictions on our ability to provide or distribute
our platform. From time to time, there have been claims challenging the ownership of open source software against companies that incorporate
open source software into their solutions. As a result, we could be subject to lawsuits by parties claiming ownership of what we believe
to be open source software. Any of the foregoing could have a material adverse effect on our business, financial condition and results
of operations.

Risks Related to Our Employees and Other Service Providers

The loss of one or more of our key personnel, or our failure
to attract and retain other highly qualified personnel in the future, could adversely impact our business, operating results, and financial
condition.

We operate in a relatively new industry that is
not widely understood and requires highly skilled and technical personnel. We believe that our future success is highly dependent on the
talents and contributions of our senior management team, including Mr. Reeves, our co-founder and Chief Executive Officer, members
of our executive team, and other key employees across product, engineering, risk management, finance, compliance and legal, and marketing.
Our future success depends on our ability to attract, develop, motivate, and retain highly qualified and skilled employees. Due to the
nascent nature of the cryptoeconomy, the pool of qualified talent is extremely limited, particularly with respect to executive talent,
engineering, risk management, and financial regulatory expertise. We face intense competition for qualified individuals from numerous
software and other technology companies. To attract and retain key personnel, we incur significant costs, including salaries, benefits
and equity incentives. Even so, these measures may not be enough to attract and retain the personnel we require to operate our business
effectively. The loss of even a few key employees or senior leaders, or an inability to attract, retain and motivate additional highly
skilled employees required for the planned expansion of our business could adversely impact our operating results and impair our