Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 894

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 894
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     — 
  
    Promissory note 
     550,000  
     — 
  
    Deferred advisory fee 
     1,155,000  
     — 
  
    Related party loans 
     5,191,767  
     2,025,000 
  
    Total current liabilities 
     9,292,665  
     3,394,026 

    Deferred advisory fee 
     —  
     1,155,000 
  
    Total liabilities 
     9,292,665  
     4,549,026 

    Commitments and Contingencies 

    Class A common stock subject to possible redemption, $0.0001 par value; 4,645,816 and 15,630,150 issued and outstanding shares at a redemption value of $11.03 and $10.60 per share as of December 31, 2024 and 2023, respectively 
     51,246,348  
     165,721,882 

    Stockholders’ Deficit 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 
     —  
     — 
  
    Class A common stock, $0.0001 par value; 42,000,000 shares authorized; 9,591,222 shares issued and outstanding as of December 31, 2024 and 2023, respectively (net of 4,645,816 and 15,630,150 shares subject to possible redemption as of December 31, 2024 and 2023, respectively) 
     959  
     959 
  
    Class B common stock, $0.0001 par value; 10,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 
     —  
     — 
  
    Additional paid-in capital 
     6,008,775  
     6,984,216 
  
    Accumulated deficit 
     (14,332,652) 
     (11,296,875)
  
    Total stockholders’ deficit 
     (8,322,918) 
     (4,311,700)
  
    Total Liabilities, Common Stock Subject to