Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 72

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 72
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 trust. If any
of these events were to occur, our business, results of operations, and financial condition could be materially adversely affected.

There are various risks
associated with the facilitation of payments from customers, including risks related to fraud, compliance with existing and evolving rules
and regulations, and reliance on third parties and any failure to comply with laws and regulations related to payments, fraud, anti-money
laundering and money transmission or failure of a third party to perform could harm our business, results of operations and financial
condition.

We rely upon third-party service
providers, payment processors and financial institution partners to provide key components of our services on our behalf, including payments
processing and disbursement. Our utilization of such payment processing tools may be impacted by factors outside of our control, including
disruptions in the payment processing industry generally. If these service providers, processors or partners do not perform adequately,
or if our relationships with these service providers were to change or terminate, it could negatively affect our customers’ ability
to complete transactions, and our ability to operate our services. This could decrease revenue, increase costs, lead to potential legal
liability and negatively impact our brands and business. In addition, if these providers increase the fees they charge us, our operating
expenses could increase. Alternatively, if we respond by increasing the fees we charge to our customers, some customers may stop using
our services or even close their accounts altogether.

Moreover, if we or any of our
third-party payment processors or financial institution partners experience a security breach affecting payment card information, we could
be subjected to fines, penalties and assessments arising out of state and federal regulatory enforcement, liability to consumers, the
major card brands’ rules and regulations, contractual indemnification obligations or other obligations contained in user agreements
and similar contracts, and we may lose our ability to accept card payments for our services.

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Our ability to expand our services
into additional countries is dependent upon the third-party service providers and partners we use to support our services. As we expand
the availability of our services to additional markets or make new payment methods available to our customers in the future, we may become
subject to additional and evolving regulations and compliance requirements, and may be exposed to heightened fraud risk, which could lead
to an increase in our operating expenses.

The laws and regulations related
to payments and financial services are complex and vary across different jurisdictions in the U.S. and globally. Furthermore, changes
in laws,