Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 856

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 856
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 accounts or otherwise unavailable for unrestricted use by the Company or any of its Subsidiaries for any reason) as of such date of determination held in bank accounts of financial banking institutions in the United States of America. (k)“ Available Liquidity ” means, with respect to any date of determination, the sum of the Available Cash and the Available Bitcoin Value as of such date of determination. (l)“ Bitcoin ” means one unit of the digital currency traded under the ticker symbol “BTC”. (m)“ Bitcoin Collateral ” means 300 Bitcoin that is subject to a custodian control agreement. Annex I-30 (n)“ Bitcoin Collateral Event ” means the twelfth (12 th ) consecutive calendar day on which the value of the Bitcoin Collateral or any additional Bitcoin that is credited to any account that is subject to a Custodian Control Agreement was less than the lesser of (x) $15,000,000 and (y) the principal amount outstanding under the Notes issued under the Securities Purchase Agreement. (o)“ Black Scholes Consideration Value” means the value of the applicable Option, Convertible Security or Adjustment Right (as the case may be) as of the date of issuance thereof calculated using the Black Scholes Option Pricing Model obtained from the “OV” function on Bloomberg utilizing (i) an underlying price per share equal to the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the public announcement of the execution of definitive documents with respect to the issuance of such Option, Convertible Security or Adjustment Right (as the case may be), (ii) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of such Option, Convertible Security or Adjustment Right (as the case may be) as of the date of issuance of such Option, Convertible Security or Adjustment Right (as the case may be), (iii) a zero cost of borrow and (iv) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the “HVT” function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the date of issuance of such Option, Convertible Security or Adjustment Right (as the case may be). (p)“ Bloomberg ” means Bloomberg, L.P. (q)“ Business Combination ” shall have the meaning as set forth in the Securities Purchase Agreement. (r)“ Business Combination Closing Date ” shall have the meaning as set forth in