Company: FLDDW
Filing Date: 2025-07-11
Form Type: S-1
Source: 0001213900-25-062935
Chunk: 12

Company: Fold Holdings, Inc.
Filing Date: 2025-07-11
Form: S-1
Chunk 12
---
uate, including due to the highly volatile nature of bitcoin. 2 •We are subject to an extensive, highly -evolvingand uncertain regulatory landscape and any adverse changes to, or our failure to comply with, any laws and regulations could adversely affect our brand, reputation, business, operating results, and financial condition. •Changes in card network rules or standards could adversely affect our business. •We operate in a highly competitive industry and we compete against companies with greater financial and other resources, and our business, operating results, and financial condition may be adversely affected if we are unable to respond to our competitors effectively. •Our long -termsuccess depends on our ability to develop new and innovative products and services to address and keep pace with the rapidly evolving market for payments and financial services, and, if we are not able to implement successful enhancements and new features for our products and services, our business, operating results and financial condition could be materially and adversely affected. •If we cannot keep pace with rapid industry changes to provide new and innovative products and services, the use of our products and services, and consequently our net revenue, could decline, which could adversely impact our business, operating results, and financial condition. •Loss of a critical banking or insurance relationship could adversely impact our business, operating results, and financial condition. •Any significant disruption in our products and services, in our information technology systems, or in blockchain networks related to our business, could result in a loss of customers or funds and adversely impact our brand and reputation and our business, operating results, and financial condition. •Our or our third -partypartners’ failure to safeguard and manage our and our customers’ fiat currencies and bitcoin could adversely impact our business, operating results, and financial condition. •Our and our customers’ bitcoin could be subject to risk in the event of an insolvency of one of our Bitcoin Service Providers. •The theft, loss, or destruction of private keys required to access any bitcoin may be irreversible. If we or our Bitcoin Service Providers are unable to access private keys for the bitcoin wallets holding our or our customers’ Bitcoin, or if we or our Bitcoin Service Providers experience a hack or other data loss relating to their ability to access any bitcoin, it could cause regulatory scrutiny, reputational harm, and other losses. •If we fail to retain existing customers or add new customers, or if our customers decrease their level of engagement with our products, services and platform, our business, operating results, and financial condition may be significantly harmed. •Our operating expenses