Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 874

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 874
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 Treasury Collateral) incurred by the Company that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement reasonably acceptable to the Holder, (i) with a New Issuance Price of such securities issuable upon conversion, exchange or otherwise of (and/or in connection with) such Indebtedness, as applicable, equals or exceeds the Conversion Price and (ii) which Indebtedness does not provide at any time for (x) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until at least ninety-one (91) days after the Maturity Date (except the Company may satisfy such Permitted Treasury Indebtedness in full by the return of Permitted Treasury Collateral with respect thereto to such applicable lender) and (y) total interest and fees at a rate in excess of 12% per annum; provided that the aggregate amount of any Permitted Treasury Indebtedness shall not exceed $250,000,000. (fff)“ Permitted Treasury Collateral ” means, with respect to any Permitted Treasury Indebtedness, such Bitcoin paid for (and securing) such Permitted Treasury Indebtedness. (ggg)“ Person ” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity or a government or any department or agency thereof. (hhh)“ Price Failure ” means, with respect to a particular date of determination, the VWAP of the Common Stock on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination fails to exceed $2.00 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during any such measuring period. Notwithstanding the foregoing, at any time, and for any period of time, as applicable, the Holder may lower any dollar threshold specified in this definition to any lower dollar threshold, in each case, as specified by the Holder in a written notice to the Company. Annex I-40 (iii)“ Principal Market ” means the Nasdaq Capital Market. (jjj)“ Public Company Date ” means the initial