Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 636

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 636
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 price of approximately $11.07 per share, for an aggregate redemption amount of approximately $36,576,096.
Following those redemptions, an aggregate of approximately $14,052,210 was paid from the trust account to cover expenses incurred by Legacy
Fold and EMLD in connection with the Business Combination. The remaining balance in the trust account of approximately $799,176 was released
to the Company for general corporate purposes and the trust account was closed.

Purchases of Equity Securities by the Issuer
and Affiliated Purchasers

None.

Item
6.  [RESERVED]

70

ITEM 7. MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of the Company’s
financial condition and results of operations should be read in conjunction with our audited financial statements and the notes related
thereto which are included in “Item 8. Financial Statements and Supplementary Data” of this Annual Report on Form 10-K. Certain
information contained in the discussion and analysis set forth below includes forward-looking statements. Our actual results may differ
materially from those anticipated in these forward-looking statements as a result of many factors, including those set forth under “Cautionary
Note Regarding Forward-Looking Statements,” “Item 1A. Risk Factors” and elsewhere in this Annual Report on Form 10-K.

Overview 

We are a blank check company incorporated in Delaware
on February 19, 2021, and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more target businesses, which we refer to herein as our “Business Combination.”

Recent Developments

On September 19, 2023, we held a special meeting
of our stockholders (the “Meeting”) at which the Company’s stockholders approved (A) an amendment (the “Charter
Amendment”) to the Company’s Second Amended and Restated Certificate of Incorporation to extend the date by which the Company
has to consummate its initial business combination from September 20, 2023 to January 19, 2024 (or such earlier date as determined by
the Company’s Board of Directors); and (B) an amendment (the “Trust Amendment”) to the Company’s Investment Management
Trust Agreement dated December 15, 2021, with Continental Stock Transfer & Trust Company, as trustee (as amended, the “