Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 22

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 22
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 to confront the industries in which we operate, including developments in digital banking, mobile financial apps, and
point-of-service solutions, as well as developments in Bitcoin and in tokenization, which replaces sensitive data (e.g., payment
card information) with symbols (tokens) to keep the data safe in the event that sensitive data is stolen or viewed by unauthorized third
parties.

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These new and evolving services
and technologies may be superior to, impair, or render obsolete the products and services we currently offer or the technologies we currently
use to provide them. Incorporating new technologies into our products and services may require substantial expenditures and take considerable
time, and we may not be successful in realizing a return on these development efforts in a timely manner or at all. Our ability to develop
new and innovative products and services may be inhibited by industry-wide standards, payment networks, existing and future laws and regulations,
resistance to change from our users or third parties’ intellectual property rights. Our success will depend on our ability to develop
new technologies and to adapt to technological changes and evolving industry standards. If we are unable to provide enhancements and new
features for our products and services or to develop new and innovative products and services that achieve market acceptance or that keep
pace with rapid technological developments and evolving industry standards, our business, operating results and financial condition would
be materially and adversely affected.

We often rely not only on our
own initiatives and innovations, but also on third parties, including some of our competitors, for the development of and access to new
technologies and development of a robust market for these new products and technologies. Failure to accurately predict or to respond effectively
to developments in our industry may significantly impair our business.

As we expand and localize
our international activities, our obligations to comply with the laws, rules, regulations, and policies of a variety of jurisdictions
will increase and we may be subject to inquiries, investigations, and enforcement actions by U.S. and non-U.S. regulators and governmental
authorities, including those related to sanctions, export control, and anti-money laundering.

As we expand and localize our
international activities, we will become increasingly obligated to comply with the laws, rules, regulations, policies, and legal interpretations
of both the jurisdictions in which we operate and those into which we offer services on a cross-border basis. For instance, financial
regulators outside the United States have increased their scrutiny of crypto asset service providers over time, such as by requiring