Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1381

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 1381
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 same as basic net (loss) income
per share of common stock. The redemption feature for the common shares equals fair value, and therefore does not create a different class
of shares or require an adjustment to the earnings per share calculation. The redemption at fair value does not represent an economic
benefit to the holders that is different from what is received by other stockholders, because the shares could be sold on the open market.
Accretion associated with the redeemable shares of Class A common stock is excluded from earnings per share as the redemption value approximates
the fair value. The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net (loss)
income per share for each class of common stock:

    For the Year Ended December 31, 

    2024  
    2023 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic and diluted net (loss) income per share of common stock: 

    Numerator: 

    Allocation of net (loss) income 
    $(1,868,532) 
    $—  
    $3,586,446  
    $857,188 
  
    Denominator: 

    Weighted-average shares outstanding 
     14,970,335  
     —  
     25,873,722  
     6,184,019 
  
    Basic and diluted net (loss) income per share of common stock 
    $(0.12) 
    $—  
    $0.14  
    $0.14 

Class A Common Stock Subject to Possible
Redemption

The Company accounts for its common stock subject
to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing
Liabilities from Equity.” Common stock subject to mandatory redemption (if any) is classified as a liability instrument and measured
at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are within the control
of the holder or subject to possible redemption upon the occurrence of uncertain events not solely within the Company’s control)
is classified as temporary equity. At all other times, common stock is classified as stockholders’ deficit. The Company’s
Class A common stock sold in the Public Offering and over-allotment features certain redemption rights that are considered to be outside
of the