Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 243

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 243
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 – Investment Treasury and will be held as collateral to secure the March 2025 Investor Note until maturity or conversion of the Note. F-29 FOLD HOLDINGS, INC. (F/K/A FTAC EMERALD ACQUISITION CORP.) INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

| Report of Independent Registered             
 Public Accounting Firm (PCAOB ID Number 100) |     | F-31         |
| Financial Statements:                        |     |              |
| Consolidated Balance Sheets                  |     | F-32         |
| Consolidated Statements                      
 of Operations                                |     | F-33         |
| Consolidated Statements                      
 of Changes in Stockholders’ Deficit          |     | F-34         |
| Consolidated Statements                      
 of Cash Flows                                |     | F-35         |
| Notes to Consolidated Financial              
 Statements                                   |     | F-36 to F-51 |

F-30 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholders and the Board of Directors of Fold Holdings, Inc. (f/ka/ FTAC Emerald Acquisition Corp). Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated balance sheets of Fold Holdings, Inc. (f/k/a FTAC Emerald Acquisition Corp.) (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of operations, changes in stockholders’ deficit and cash flows for the years ended December 31, 2024 and 2023, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years ended December 31, 2024 and 2023, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards