Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 305

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 305
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 our common stock could decline.

The trading market for our common stock will be
influenced by the research and reports that industry or securities analysts publish about us or our business. We may be unable or slow
to attract research coverage and if one or more analysts cease coverage of us, the price and trading volume of our securities would likely
be negatively impacted. If any of the analysts that may cover us change their recommendation regarding our securities adversely, or provide
more favorable relative recommendations about our competitors, the price of our securities would likely decline. If any analyst that may
cover us ceases covering us or fails to regularly publish reports on us, we could lose visibility in the financial markets, which could
cause the price or trading volume of our securities to decline. Moreover, if one or more of the analysts who cover us downgrades our common
stock or if our reporting results do not meet their expectations, the market price of our common stock could decline.

Our issuance of additional shares of common stock or convertible
securities could make it difficult for another company to acquire us, may dilute your ownership of us and could adversely affect our stock
price.

We may issue additional shares of our common stock
or securities convertible into common stock pursuant to a variety of transactions, including through our Incentive Award Plan and Employee
Stock Purchase Plan (“ESPP”), and through acquisitions. We may also execute or have executed agreements which allow certain
third parties the right to purchase additional shares of our common stock or securities convertible into common stock. The issuance by
us of additional shares of our common stock or securities convertible into our common stock would dilute your ownership of us and the
sale of a significant amount of such shares in the public market could adversely affect prevailing market prices of our common stock.

In the future, we expect to obtain financing or
to further increase our capital resources by issuing additional shares of our capital stock or offering debt or other equity securities,
including senior or subordinated notes, debt securities convertible into equity, or shares of preferred stock. Issuing additional shares
of our capital stock, other equity securities, or securities convertible into equity may dilute the economic and voting rights of our
existing stockholders, reduce the market price of our common stock, or both. Debt securities convertible into equity could be subject
to adjustments in the conversion ratio pursuant to which certain events may increase the number of equity securities issuable upon conversion.
Preferred stock, if issued, could have a preference with respect to liquidating distributions or a preference with