Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 470

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 470
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ability in the Company’s accompanying balance sheets. The estimated fair value of the SAFEs considered the timing of issuance and whether there were changes in the various scenarios since issuance. As of and for the years ended December 31, 2023 and 2022, the fair value of the SAFEs was $10.6 million and $8.7 million, respectively, with the remeasurement on the SAFEs representing an increase in the liability of $1.4 million and $1.7 million, respectively, included in change in fair value of SAFEs on the accompanying statements of operations. Refer to Note 13 for further details on the fair value measurement of the SAFEs. 9. STOCKHOLDERS’ EQUITY Common stock Pursuant to the Restated Certificate of Incorporation of the Company dated March 23, 2021, the Board is authorized to issue 25,000,000shares of common stock at a par value of $0.0001 per share. As of December 31, 2023 and 2022, the Company has 7,072,300shares issued and outstanding. Any dividends declared on common shares will be subordinated to dividends under convertible preferred shares. Holders of common stock are entitled to one vote per share. Upon a liquidation, dissolution or winding -upof the Company, the assets legally available for distribution to stockholders would be distributed ratably among the holders of all classes of stock in order of preference. Convertible preferred stock As of December 31, 2023 and 2022, the Company had 12,364,815shares of convertible preferred stock issued and outstanding. These shares include 1,000,000 Series Seed Preferred Shares for $3.00 per share issued on the Company’s inception date of August 20, 2019, and 5,389,718 Series A Preferred Shares for $2.41 per share, 3,005,374shares of Series A -1Preferred Stock for $0.63 per share, 797,236shares of Series A -2Preferred Stock for $0.75 per share, 738,186shares of Series A -3Preferred Stock for $0.81 per share, 1,323,571shares of Series A -4Preferred Stock for $0.96 per share, and 110,730shares of Series A -5Preferred Stock for $0.99 per share (collectively, the “Series A Preferred Shares”), issued on March