Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 477

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 477
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 and the change in fair value of SAFEs and the results of operations in any given period. The following table summarizes the significant inputs not observable in the market upon which the fair value measurements associated with the SAFEs were determined:

|             |     | VALUATION               
 TECHNIQUE               |     | UNOBSERVABLE                       
 INPUT                              |     |        AS OF 
 DECEMBER 31, 
         2023 |
|:------------|:----|:------------------------|:----|:-----------------------------------|:----|-------------:|
| Liabilities |     |                         |     |                                    |     |              |
| SAFEs       |     | Scenario-based approach |     | Probability weighting              |     | 1.0% – 80.0% |
|             |     |                         |     | Discount rate                      |     |       15.63% |
|             |     |                         |     | Remaining term to event (in years) |     |         0.75 |

F-25

Fold, Inc.
Notes to Financial Statements 13. FAIR VALUE MEASUREMENTS (cont.) The following table summarizes the changes in fair value associated with Level 3 financial instruments held at the beginning or end of the periods presented:

| Balance at January 1, 2022       |     | SAFEs |          — |
|:---------------------------------|:----|:------|-----------:|
| Proceeds from issuances of SAFEs |     |       |  7,000,000 |
| Change in fair value of SAFEs    |     |       |  1,727,540 |
| Balance at December 31, 2022     |     |       |  8,727,540 |
| Proceeds from issuances of SAFEs |     |       |    500,000 |
| Change in fair value of SAFEs    |     |       |  1,374,005 |
| Balance at December 31, 2023     |     | $     | 10,601,545 |

14. SAFEGUARDING OBLIGATION FOR DIGITAL ASSETS As of December31, 2023 and 2022, we had safeguarding customer digital assets and liabilities, comprised solely of bitcoin, of $1.2million and $0.3million, respectively. The safeguarding liability and corresponding safeguarding customer digital assets on the balance sheets are measured at the fair value of the digital assets held for