Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 106

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 106
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 and testing the internal control over financial reporting required to
comply with this obligation is time-consuming, costly, and complicated.

If we are unable to comply with the requirements
of Section 404 of the Sarbanes-Oxley Act in a timely manner, or if we are unable to assert that our internal control over financial
reporting is effective, we will be unable to certify that our internal control over financial reporting is effective. We cannot assure
you that there will not be any additional material weaknesses or significant deficiencies in our internal control over financial reporting
in the future.

Any failure to maintain internal control over financial
reporting could severely inhibit our ability to accurately report our financial condition or results of operations. If we are unable to
conclude that our internal control over financial reporting is effective, or if our independent registered public accounting firm determines
we have a material weakness or significant deficiency in our internal control over financial reporting, investors may lose confidence
in the accuracy and completeness of our financial reports and the market price of our common stock could decline. We could become subject
to investigations by the stock exchange on which our securities are listed, the SEC or other regulatory authorities, which could require
additional financial and management resources.

Our management has limited experience in operating a public company.

Our executive officers have limited experience in
the management of a publicly traded company. Our management team may not successfully or effectively manage its transition to a public
company that will be subject to significant regulatory oversight and reporting obligations under federal securities laws. Their limited
experience in dealing with the increasingly complex laws pertaining to public companies could be a significant disadvantage in that it
is likely that an increasing amount of their time may be devoted to these activities which will result in less time being devoted to the
management and growth of the company. We may not have adequate personnel with the appropriate level of knowledge, experience, and training
in the accounting policies, practices or internal controls over financial reporting required of public companies in the United States.
The development and implementation of the standards and controls necessary for the company to achieve the level of accounting standards
required of a public company in the United States may require costs greater than expected. It is possible that we will be required
to expand its employee base and hire additional employees to support its operations as a public company which will increase its operating
costs in future periods.

Changes to, or changes to interpretations of, the U.S. federal,
state, local or other jurisdictional tax laws could have a material adverse effect