Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1370

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 1370
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     —  
     — 
  
    Class A common stock, $0.0001 par value; 42,000,000 shares authorized; 9,591,222 shares issued and outstanding as of December 31, 2024 and 2023, respectively (net of 4,645,816 and 15,630,150 shares subject to possible redemption as of December 31, 2024 and 2023, respectively) 
     959  
     959 
  
    Class B common stock, $0.0001 par value; 10,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 
     —  
     — 
  
    Additional paid-in capital 
     6,008,775  
     6,984,216 
  
    Accumulated deficit 
     (14,332,652) 
     (11,296,875)
  
    Total stockholders’ deficit 
     (8,322,918) 
     (4,311,700)
  
    Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit 
    $52,216,095  
    $165,959,208 

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

F-3

FOLD HOLDINGS, INC.

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

CONSOLIDATED STATEMENTS OF OPERATIONS

    For the Year Ended December 31, 

    2024  
    2023 
  
    General and administrative expenses 
    $2,920,423  
    $3,730,488 
  
    Loss from operations 
     (2,920,423) 
     (3,730,488)

    Other income (expense):  

    Interest income earned on investments held in trust account 
     2,953,920  
     11,207,609 
  
    Interest expense 
     (434,696) 
     — 
  
    Non-redemption agreement expense 
     (838,825) 
     (708,400)
  
    Other
    income (expense), net 
     1,680,399  
     10,499,209 

    (Loss) Income before provision for income taxes 
     (1,240