Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 100

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 100
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 state) and foreign tax laws which could further limit our ability to fully utilize these tax assets against
future taxable income.

Under the Inflation Reduction Act, our ability to
utilize tax deductions or losses from prior years may be limited by the imposition of the 15% minimum tax if, in future years,
such minimum tax applies to us. Therefore, we may be required to pay additional U.S. federal income taxes in future years despite
any available future tax deductions, U.S. federal net operating loss (“NOL”) carryforwards, credits or other tax benefits
that we accumulate.

If our estimates or judgment relating to our critical accounting
estimates prove to be incorrect, our operating results could be adversely affected.

The preparation of financial statements in conformity
with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the
amounts reported in the financial statements and accompanying notes. We base our estimates on historical experience and on various other
assumptions that we believe to be reasonable under the circumstances. The results of these estimates form the basis for making judgments
about the carrying values of assets, liabilities, and equity, and the amount of revenue and expenses that are not readily apparent from
other sources. Significant estimates and judgments that comprise our critical accounting estimates involve the valuation of assets acquired
and liabilities assumed in business combinations, valuation of strategic investments, evaluation of tax positions, and evaluation of legal
and other contingencies. Our operating results may be adversely affected if our assumptions change or if actual circumstances differ from
those in our assumptions, which could cause our operating results to fall below the expectations of analysts and investors, resulting
in a decline in the trading price of our stock.

We may be adversely affected by natural disasters, pandemics,
and other catastrophic events, and by man-made problems such as terrorism, that could disrupt our business operations, and our business
continuity and disaster recovery plans may not adequately protect us from a serious disaster.

Natural disasters or other catastrophic events may
also cause damage or disruption to our operations, international commerce, and the global economy, and could have an adverse effect on
our business, operating results, and financial condition. Our business operations are subject to interruption by natural disasters, fire,
power shortages, and other events beyond our control. In addition, our global operations expose us to risks associated with public health
crises, such as pandemics and epidemics, which could harm our business and cause our operating results to suffer