Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 21

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 21
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 may receive gross proceeds of up to $250,000,000 from the sale of shares under the Facility to SZOP. The anticipated use of net proceeds from the sale of our Common Stock to SZOP under the Facility represents our intentions based upon our current plans and business conditions. Because we have not designated the amount of net proceeds from the sale of shares under the Facility to be used for any particular purpose, our management will have broad discretion as to the use of the net proceeds from our sale of shares of Common Stock to SZOP. Accordingly, you will be relying on the judgment of our management with regard to the use of those net proceeds, and you will not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately, effectively, or efficiently. It is possible that, pending their use, we may invest those net proceeds in a way that does not yield a favorable, or any, return for us. Further, our management may use the net proceeds for corporate purposes that may not improve our business, financial condition or market value. The failure of our management to use such funds appropriately, effectively, or efficiently could have a material adverse effect on our business, financial condition, operating results and cash flows. Management may use net proceeds from our sale of shares of Common Stock under the Facility, if any, to purchase additional bitcoin for the Company’s treasury. Some or all of the net proceeds from our sale of shares of Common Stock under the Facility may be used to acquire additional bitcoin for the Company’s bitcoin treasury, subject to the discretion of management. Bitcoin is a highly volatile asset, and its market value can fluctuate significantly over short periods due to a range of factors including, without limitation, market sentiment, regulatory developments, technological changes, and macroeconomic trends. As a result, any bitcoin acquired by the Company using the net proceeds from our sale of shares of Common Stock under the Facility, if any, could lose substantial value, which may adversely affect the Company’s financial condition and market perception. Bitcoin does not generate cash flows. Allocating capital to bitcoin rather than revenue -generatingoperations or traditional reserves could limit the Company’s liquidity, reduce its ability to fund working capital or strategic initiatives, and increase its exposure to macroenomic shocks. Sales of a substantial number of our securities in the public market by the Selling Stockholders and/or by our existing securityholders could cause the price of our shares of Common Stock to fall. The Selling Stockholders can sell, under this prospectus, up to