Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 88

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 88
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 A possible slowdown in global trade caused by increasing tariffs or other restrictions
could decrease consumer or corporate confidence and reduce consumer, government and corporate spending in countries inside or outside
the U.S., which could adversely affect our operations. Climate-related events, including extreme weather events and natural disasters
and their effect on critical infrastructure in the U.S. or internationally, could have similar adverse effects on our operations,
users, or third-party suppliers.

We depend on major mobile operating systems and third-party platforms
for the distribution of certain products. If Google Play, the Apple App Store, or other platforms prevent customers from downloading our
apps, our ability to grow may be adversely affected.

We rely upon third-party platforms for the distribution
of certain products and services. Our Fold app is provided as a free application through both the Apple App Store and the Google Play
Store. The Google Play Store and Apple App Store are global application distribution platforms and the main distribution channels for
our app. As such, the promotion, distribution, and operation of our app is subject to the respective platforms’ terms and policies
for application developers, which are very broad and subject to frequent changes and re-interpretation. Further, these distribution platforms
often contain restrictions related to crypto assets that are uncertain, broadly construed, and can limit the nature and scope of services
that can be offered. If our products are found to be in violation of any such terms and conditions, we may no longer be able to offer
our products through such third-party platforms. There can be no guarantee that third-party platforms will continue to support our product
offerings, or that customers will be able to continue to use our products. Any changes, bugs, technical or regulatory issues with third-party
platforms, our relationships with mobile manufacturers and carriers, or changes to their terms of service or policies could degrade our
products’ functionalities, reduce or eliminate our ability to distribute our products, give preferential treatment to competitive
products, limit our ability to deliver high quality offerings, or impose fees or other charges, any of which could affect our product
usage and harm our business.

We rely on search engines, social networking sites, and other
web-based platforms to attract a meaningful portion of our users, and if those search engines, social networking sites and other web-based
platforms change their listings or policies regarding advertising, or increase their pricing or suffer problems, it may limit our ability
to attract new users.

Many users locate our website through internet search
engines, such as