Company: FLDDW
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0000950170-25-072851
Chunk: 18

Company: Fold Holdings, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 18
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ENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consisted of the following:

|                     |     | March 31, 2025 |     |           |     | December 31, 2024 |     |         |
|:--------------------|:----|:---------------|:----|----------:|:----|:------------------|:----|--------:|
| Prepaid interest    |     | $              |     | 2,168,259 |     | $                 |     |       - |
| Prepaid expenses    |     |                |     | 1,619,851 |     |                   |     | 509,547 |
| Other receivables   |     |                |     |   175,107 |     |                   |     | 177,528 |
| Interest receivable |     |                |     |    40,701 |     |                   |     |      25 |
| Total               |     | $              |     | 4,003,918 |     | $                 |     | 687,100 |

<div align='center'>15

Fold Holdings, Inc.

Notes to Unaudited Condensed Financial Statements</div>

7. CUSTOMER REWARDS LIABILITY A reconciliation, in the aggregate, of beginning and ending balances of the Company’s customer rewards liability as of the dates shown is as follows:

|                                                         |     | Customer Rewards Liability |            |   |
|:--------------------------------------------------------|:----|:---------------------------|-----------:|:--|
| Balance at January 1, 2024                              |     | $                          |  5,333,384 |   |
| Rewards earned by customers                             |     |                            |    541,146 |   |
| Rewards fulfilments                                     |     |                            | (1,317,262 | ) |
| Expired rewards                                         |     |                            |    (54,115 | ) |
| Remeasurement (gain) loss on customer rewards liability |     |                            |  3,423,045 |   |
| Balance at March 31, 2024                               |     | $                          |  7,926,198 |   |
| Rewards earned by customers                             |     |                            |  1,627,329 |   |
| Rewards fulfilments                                     |     |                            | (2,631,283 | ) |
| Expired rewards                                         |     |                            |   (149,323 | ) |
|