Company: FLDDW
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0000950170-25-087072
Chunk: 0

Company: Fold Holdings, Inc.
Filing Date: 2025-06-17
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

Equity Purchase Facility Agreement

On June 16, 2025, Fold Holdings, Inc. (the “ Company”) entered into an Equity Purchase Facility Agreement (the “ Facility”) with an unrelated third party accredited investor (the “ Investor”), pursuant to which the Investor committed to purchase, subject to certain conditions and limitations, up to $250,000,000 (the “ Commitment”) in newly issued shares (the “ Shares”) of the Company’s common stock, par value $0.0001 per share (the “ Common Stock”).

Pursuant to the terms and subject to the conditions of the Facility, at any time until the Facility is terminated, the Company, in its sole discretion, has the right, but not the obligation, to issue and sell to the Investor, and the Investor must subscribe for and purchase from the Company, Shares (“ Advance Shares”) by the delivery to the Investor of Advance Notices (as defined below). The Company must, in its sole discretion, select the number of Advance Shares, not to exceed the Maximum Advance Amount (as defined in the Facility), it desires to issue and sell to the Investor in each Advance Notice and the time it desires to deliver each written notice to the Investor setting forth the number of Shares the Company desires to issue and sell to the Investor (each, an “ Advance Notice”). There is no mandatory minimum Advance (as defined in the Facility) and the Company is under no obligation to deliver any Advance Notice or to draw upon the Commitment, there are no non-usage fees for not utilizing the Commitment or any part thereof, and the Company paid no upfront commitment fee to the Investor for the right to deliver any Advance Notices.

In each Advance Notice, the Company must select either a Regular Purchase Pricing Period or an Accelerated Purchase Pricing Period (each as defined in the Facility), with the (i) price per Advance Share during a Regular Purchase Pricing Period being ninety-seven percent (97%) multiplied by (A) if no Excluded Day exists during the relevant Pricing Period, then the lowest Daily VWAP of the Common Shares during the relevant Pricing Period; (B) if an Excluded Day exists during the relevant Pricing Period, then the lower of (1) the lowest price the Common Shares traded during the relevant Pricing Period, and (2) the lowest Daily VWAP of the Common Shares during the relevant Pricing Period (the Pricing Period includes any Excluded Day during the relevant Pricing Period); and (ii