Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 586

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 586
---
    Prepaid expenses 
     20,409  
     192,712 
  
    Prepaid income taxes 
     —  
     83,503 
  
    Total current assets 
     926,452  
     306,059 

    Investments held in Trust Account 
     51,289,643  
     165,653,149 
  
    Total assets 
    $52,216,095  
    $165,959,208 

    Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit 

    Current liabilities: 

    Accounts payable and accrued expenses 
    $533,197  
    $114,659 
  
    Due to related party 
     646,451  
     286,451 
  
    Excise tax payable 
     1,167,245  
     967,916 
  
    Income tax payable 
     49,005  
     — 
  
    Promissory note 
     550,000  
     — 
  
    Deferred advisory fee 
     1,155,000  
     — 
  
    Related party loans 
     5,191,767  
     2,025,000 
  
    Total current liabilities 
     9,292,665  
     3,394,026 

    Deferred advisory fee 
     —  
     1,155,000 
  
    Total liabilities 
     9,292,665  
     4,549,026 

    Commitments and Contingencies 

    Class A common stock subject to possible redemption, $0.0001 par value; 4,645,816 and 15,630,150 issued and outstanding shares at a redemption value of $11.03 and $10.60 per share as of December 31, 2024 and 2023, respectively 
     51,246,348  
     165,721,882 

    Stockholders’ Deficit 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 
     —  
     — 
  
    Class A common stock, $0.0001 par value; 42,000,000 shares authorized; 9,591,222 shares