Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1928

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 14
Chunk 1928
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 FINANCIAL STATEMENTS

    Report of Independent Registered
    Public Accounting Firm (PCAOB ID Number 100)
     
    F-2

    Financial Statements:

    Consolidated Balance Sheets
     
    F-3

    Consolidated Statements
    of Operations
     
    F-4

    Consolidated Statements
    of Changes in Stockholders’ Deficit
     
    F-5

    Consolidated Statements
    of Cash Flows
     
    F-6

    Notes to Consolidated Financial
    Statements
     
    F-7 to F-22

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Stockholders and the Board of Directors of

Fold Holdings, Inc. (f/ka/ FTAC Emerald Acquisition Corp).

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated
balance sheets of Fold Holdings, Inc. (f/k/a FTAC Emerald Acquisition Corp.) (the “Company”) as of December 31, 2024 and
2023, the related consolidated statements of operations, changes in stockholders’ deficit and cash flows for the years ended
December 31, 2024 and 2023, and the related notes (collectively referred to as the “consolidated financial statements”).
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the
Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years ended December 31, 2024
and 2023, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These consolidated
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the
Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the
Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange
Commission and the PCAOB. 

We conducted our audits
in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance
about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.