Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 109

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 109
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 |                    |       7,400 |   |
| Net income (loss)                                                        |     | $                    | (1,868,532 | ) |     | $                       | (65,088,786 | ) |     | $                                 | 77,545,678 |   |     |    |     | $                  |  10,588,360 |   |
| Weighted Average Number of Common Shares Outstanding - Basic and Diluted |     |                      | 14,970,335 |   |     |                         |   7,072,300 |   |     |                                   |            |   |     |    |     |                    |  46,138,876 |   |
| Loss Per Share - Basic and Diluted                                       |     | $                    |      (0.12 | ) |     | $                       |       (9.20 | ) |     |                                   |            |   |     |    |     | $                  |        0.23 |   |

61 NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Note 1. Basis of Pro Forma Presentation The unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X as amended by the final rule, Release No. 33-10786, “Amendments to Financial Disclosures about Acquired and Disposed Businesses.” Release No. 33-10786 replaces the existing pro forma adjustment criteria, which simplified requirements to depict the accounting for the transactions and present the reasonably estimable synergies and other transaction effects that have occurred or are reasonably expected to occur. These unaudited pro forma condensed combined financial statements do not present any estimable synergies and only present the Transaction adjustments, and have been presented to provide relevant information necessary for an understanding of the transactions discussed above. Adjustments have been made to depict in the unaudited pro forma condensed combined balance sheet of Emerald and Fold as of December 31, 2024 the accounting for the transaction required by U.S. Generally Accepted Accounting Principles (U.S. GAAP) as if the Business Combination and December 2024 Initial Investor Financing transactions were completed as of December 31, 2024. The pro forma condensed combined statements of operations of Emerald and Fold for the year ended December 31, 2024 reflect any corresponding effects of the balance sheet adjustments to the statement of operations assuming those adjustments were made as of the beginning of the