Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1668

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 1668
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 manage, maintain and enforce all contractual
agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the
statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income or loss are reported on the statement of operations and described within
their respective disclosures.

NOTE 11. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the balance sheets date up to the date that the consolidated financial statements were issued. Based upon this review,
other than stated below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated
financial statements.

On February 14, 2025, the Company completed its
Business Combination with Fold. As a result of the Business Combination, among other things, (i) the outstanding balances under the Promissory
Note, the October Note and the Tax Note were repaid, (ii) each of the Promissory Note, the October Note and the Tax Note were terminated,
(iii) Polar received $550,000 and 550,000 shares of common stock of the Company in full payment of the Company’s obligations under
the Subscription Agreement, (iv) 488,041 Private Placement Warrants were cancelled for no consideration, (v) the Company’s obligations
under the administrative services agreement were terminated, and (vi) CCM was paid an advisory fee of $1,155,000.

F-22

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