Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 246

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 246
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 Accounting Standards Codification (“ASC”) 450 -20, Loss Contingenciesto determine whether an entity has a liability related to risk of loss from an obligation to safeguard digital assets for customers. The Company has early adopted SAB 122 as of December 31, 2024 on a retrospective basis. As a result of the adoption of SAB 122, the Company has derecognized the Safeguarding customer digital assets and liabilities previously recognized in the financial statements. In accordance with GAAP, the periods presented have been retrospectively adjusted to reflect this change, with no impact on revenue, operating income, net income, earnings per share, or any other components of equity or net assets. The following table shows the changes in presentation in the balance sheets upon the Company’s change in accounting principle to reflect the derecognition of Safeguarding customer digital assets and liabilities:

|                                           |     | As of December 31, 2023 |           |     |            |            |   |     |             |   |
|:------------------------------------------|:----|:------------------------|----------:|:----|:-----------|:-----------|:--|:----|:------------|:--|
|                                           |     | As Previously           
 Reported                |           |     | Adjustment |            |   |     | As Adjusted |   |
| Safeguarding customer digital assets      |     | $                       | 1,229,467 |     | $          | (1,229,467 | ) |     | $           | — |
| Safeguarding customer digital liabilities |     |                         | 1,229,467 |     |            | (1,229,467 | ) |     |             | — |

F-8 Fold, Inc.
Notes to Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Use of estimates The preparation of the financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses, as well as related disclosure of contingent assets and liabilities. The Company bases its estimates on historical experience and on assumptions that the Company believes are reasonable; however, actual results could significantly differ from those estimates. The Company evaluates these estimates on an ongoing basis. Estimates, judgments, and assumptions in these financial statements include, but are not limited to, those related to the determination of the recognition, measurement, and valuation of current and deferred income taxes; the fair value of performance