Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 341

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 341
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 common stock issued and outstanding. Any dividends declared on common shares will be subordinated to dividends on any outstanding preferred shares. Holders of common stock are entitled to onevote per share. Preferred stock Pursuant to the Third Restated Certificate of Incorporation of the Company dated February 14, 2024, the Board is authorized to issue 20,000,000shares of preferred stock at a par value of $ 0.0001per share. As of March 31, 2025, the Company had no shares of preferred stock issued and outstanding. As of March 31, 2024, the Company had 10.2million shares of convertible preferred stock issued and outstanding. Dividends for preferred shares are noncumulative and payable only upon declaration by the Board of Directors. Refer to Note 3 for additional details on the conversion of preferred stock as part of the recapitalization. Warrants As of March 31, 2025, Fold had the following equity -classifiedwarrants: (1) 12,434,658public warrants related to legacy FTAC Emerald at an exercise price of $ 11.50; (2) 869,565Series A and 869,565Series C Warrants outstanding related to the December 2024 Investor Note, at an exercise price of $ 12.50and $ 11.50per share, respectively; and (3) 925,590Warrants outstanding related to the March 2025 Investor Note at an exercise price of $ 15.00. 12. SHARE-BASED COMPENSATION EXPENSE Prior to the Merger, Fold historically granted Restricted Stock Awards (“RSAs”) and Restricted Stock Units (“RSUs”) under the Fold, Inc. 2019 Equity Incentive Plan (the “2019 Equity Plan”). In connection with the Merger, the Company adopted a new 2025 Incentive Award Plan (the “2025 Equity Plan”) as well as an employee stock purchase plan (the “2025 ESPP”) which became effective immediately on the date of the Merger. Collectively, these plans are referred to as the “Equity Plans”. Following the Merger, nofurther awards may be granted under the 2019 Equity Plan; however, awards granted under that plan will remain subject to the terms and conditions of the 2019 Equity Plan. Under the 2025 Equity Plan an aggregate number of shares equal to the sum of (i) 10% of the