Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1371

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 1371
---
,024) 
     6,768,721 
  
    Provision for income taxes 
     (628,508) 
     (2,325,087)
  
    Net (loss) income 
    $(1,868,532) 
    $4,443,634 

    Basic and diluted weighted average shares outstanding, Class A common stock 
     14,970,335  
     25,873,722 
  
    Basic and diluted net (loss) income per common stock, Class A common stock 
    $(0.12) 
    $0.14 

    Basic and diluted weighted average shares outstanding, Class B common stock 
     —  
     6,184,019 
  
    Basic and diluted net income per common stock, Class B common stock 
    $—  
    $0.14 

The accompanying notes are an integral part
of the consolidated financial statements.

F-4

FOLD HOLDINGS, INC.

(F/K/A FTAC EMERALD ACQUISITION CORP.)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’
DEFICIT

FOR THE YEARS ENDED DECEMBER 31, 2024 and 2023

    Class A  
    Class B  
    Additional  
       
    Total 

    Common Stock  
    Common Stock  
    Paid-in  
    Accumulated  
    Stockholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance as of December 31, 2022 
     976,081  
    $98  
     8,615,141  
    $861  
    $—  
    $(8,501,776) 
    $(8,500,817)
  
    Excise tax on stock redemption 
     —  
     —  
     —  
     —  
     —  
     (967,916) 
     (967,916)
  
    Conversion of Class B common stock to Class A common stock 
     8,615,141  
     861  
     (8,615,141) 
     (861) 
     —  
     —  
     — 
  
    Contribution for non-redemption