Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 792

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 792
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,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 issued and outstanding as of December 31, 2024 and 2023, respectively (net of 4,645,816 and 15,630,150 shares subject to possible redemption as of December 31, 2024 and 2023, respectively) 
     959  
     959