Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 25

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 25
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 or authorizations, or prohibition from or delays in obtaining additional 
 licenses or authorizations, required for our business;                                                            |

| ● | loss of productivity and high demands on employee time; |

| ● | criminal sanctions or consent decrees; |

| ● | termination of certain employees, including members of our executive team; |

| ● | barring of certain employees from participating in our business in whole or in part; |

| ● | orders that restrict our business or prevent us from offering certain products or services; |

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| ● | changes to our business model and practices; |

| ● | delays to planned transactions, product launches or improvements; and |

| ● | damage to our brand and reputation. |

Regardless of the outcome, any such matters can have an adverse impact, which may be material, on our business, operating results, or financial condition because of legal costs, diversion of management resources, reputational damage, and other factors. If we cannot keep pace with rapid industry changes to provide new and innovative products and services, the use of our products and services, and consequently our net revenue, could decline, which could adversely impact our business, operating results, and financial condition. Our industry has been characterized by many rapid, significant, and disruptive products and services in recent years. These include advancements in payments services, new digital assets and related technologies and use cases, etc. We expect new services and technologies to continue to emerge and evolve, which may be superior to, or render obsolete, the products and services that we currently provide. For example, disruptive technologies such as generative AI may fundamentally alter the use of our products or services in unpredictable ways. We cannot predict the effects of new services and technologies on our business. However, our ability to grow our customer base and net revenue will depend heavily on our ability to innovate and create successful new products and services, both independently and in conjunction with third-party developers. In particular, developing and incorporating new products and services into our business may require substantial expenditures, take considerable time, and ultimately may not be successful. Any new products or services could fail to attract customers, generate revenue, or perform or integrate well with third-party applications and platforms. In addition, our ability to adapt and compete with new products and services may be inhibited by regulatory requirements and general uncertainty in the law, constraints by our banking partners and payment processors, third-party intellectual property rights, or other factors. Moreover, we must continue to enhance our technical infrastructure and other technology offerings to remain competitive and maintain a platform that has the