Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 269

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 269
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s from the FTAC Emerald investment trust account totaling $14.7 million. Additionally, the Investor converted 500,000 Series B
Warrant Shares to common shares of Fold in a cashless exercise that became available for exercise at a nominal price of $0.001 per share
as of the Public Company Date.

In connection with the closing of the Business
Combination, the remaining balance in the FTAC Emerald trust account of approximately $799,176, net of transaction expenses and redemptions,
was released to the Company for general corporate purposes and the trust account was closed.

Convertible Note

On March 6, 2025, the Company entered into a Securities
Purchase Agreement (the “March 2025 Securities Purchase Agreement”) with an institutional investor (the “Investor”),
pursuant to which Fold issued to the Investor (i) a Senior Secured Convertible Note in an aggregate principal amount of $46,279,500 (the
“March 2025 Investor Note”), which will be convertible into common shares at a conversion price of $12.50 per share, (ii)
warrants exercisable for 925,590 shares of post-Merger common shares with an exercise price of $15.00 per share (the “March 2025
Warrants”), and (iii) 750,000 shares of post-Merger common shares in connection with the closing of the March 2025 Securities Purchase
Agreement. The March 2025 Investor Note matures on March 6, 2031. The March 2025 Investor Note was funded with 475 bitcoin, net of transaction
fees. This bitcoin will be included in the Company’s Digital Assets – Investment Treasury and will be held as collateral to
secure the March 2025 Investor Note until maturity or conversion of the Note.

<div align='center'>F-29

FOLD HOLDINGS, INC.

(F/K/A FTAC EMERALD ACQUISITION CORP.)

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| Report of Independent Registered             
 Public Accounting Firm (PCAOB ID Number 100) |     | F-31         |
| Financial Statements:                        |     |              |
| Consolidated Balance Sheets                  |     | F-32         |
| Consolidated Statements                      
 of Operations                                |     | F-33         |
| Consolidated Statements                      
 of Changes in Stockholders’ Deficit          |     | F-34         |
| Consolidated Statements