Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1960

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 14
Chunk 1960
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issue price of less than $9.20 per share (with such issue price or effective issue price to be determined in good faith by the Company
and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the initial
stockholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross
proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of
the initial Business Combination on the date of the completion of the initial Business Combination (net of redemptions), and (z) the volume-weighted
average trading price of the shares of Class A common stock during the 20 trading day period starting on the trading day prior to the
day on which the Company completes its initial Business Combination (such price, the “Market Value”) is below $9.20 per share,
the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the
Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the
higher of the Market Value and the Newly Issued Price.

The warrants will expire at 5:00 p.m., New York
City time on the warrant expiration date, which is five years after the completion of the initial Business Combination or earlier upon
redemption or liquidation. On the exercise of any warrant, the warrant exercise price will be paid directly to the Company and not placed
in the Trust Account.

The Company will not be obligated to deliver any
shares of Class A common stock pursuant to the exercise for cash of a warrant and will have no obligation to settle such warrant exercise
unless a registration statement under the Securities Act with respect to the shares of Class A common stock underlying the warrants is
then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations described below with respect
to registration. No warrant will be exercisable, and the Company will not be obligated to issue shares of Class A common stock upon exercise
of a warrant unless Class A common stock issuable upon such warrant exercise has been registered, qualified or deemed to be exempt from
the registration or qualification requirements of the securities laws of the state of residence of the registered holder of