Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 481

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 481
---
 ) |
| Share based compensation expense |     |               — |     |        |     — |     |            — |     |        |   — |     |            |      2,083 |     |             | —            |   |     |       |       2,083 |   |
| BALANCE DECEMBER 31, 2023        |     |      12,364,815 |     | $      | 1,237 |     |    7,072,300 |     | $      | 707 |     | $          | 27,825,061 |     | $           | (36,259,736  | ) |     | $     |  (8,432,731 | ) |
| Net loss                         |     |               — |     |        |     — |     |            — |     |        |   — |     |            |          — |     |             | (65,575,171  | ) |     |       | (65,575,171 | ) |
| BALANCE SEPTEMBER 30, 2024       |     |      12,364,815 |     | $      | 1,237 |     |    7,072,300 |     | $      | 707 |     | $          | 27,825,061 |     | $           | (101,834,907 | ) |     | $     | (74,007,902 | ) |

The accompanying notes are an integral part of these condensed financial statements.

F-31

Fold, Inc.
Condensed Statements of Cash Flows
(Unaudited)

| Cash flows from operating activities                                        |     | Nine Months Ended 
 September 30,     
 2024              |             |   |     | 2023 |            |   |
|:----------------------------------------------------------------------------|:----|:------------------|------------:|:--|:----|:-----|-----------:|:--|
| Net loss                                                                    |     | $                 | (65,575,171 | ) |     | $    | (5,794,401 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |                   |             |   |     |      |            |   |
| Amortization expense                                                        |     |                   |     207,900 |   |     |      |    318,416 |   |
| Gain on digital