Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 304

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 304
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, policies, guidance, interpretations
or principles;

●changes in senior management or key personnel;

●issuances, exchanges or sales, or expected issuances, exchanges
or sales of our capital stock;

●changes in our dividend policy;

●adverse resolution of new or pending litigation against us;
and

●changes in general market, economic and political conditions
in the United States and global economies or financial markets, including those resulting from natural disasters, terrorist attacks,
acts of war and responses to such events.

These broad market and industry factors may materially
reduce the market price of our common stock, regardless of our operating performance. In addition, price volatility may be greater if
the public float and trading volume of our common stock is low. As a result, you may suffer a loss on your investment.

In the past, following periods of market volatility,
stockholders have instituted securities class action litigation. If we were involved in securities litigation, it could have a substantial
cost and divert resources and the attention of management from our business regardless of the outcome of such litigation.

We do not intend to pay dividends on our common stock for the
foreseeable future.

We currently intend to retain all available funds
and any future earnings to fund the development and growth of our business. As a result, we do not anticipate declaring or paying any
cash dividends on our common stock in the foreseeable future. Any decision to declare and pay dividends in the future will be made at
the discretion of our board of directors and will depend on, among other things, our business prospects, results of operations, financial
condition, cash requirements and availability, certain restrictions related to our indebtedness, industry trends and other factors that
our board of directors may deem relevant. Any such decision will also be subject to compliance with contractual restrictions and covenants
in the agreements governing our current and future indebtedness. In addition, we may incur additional indebtedness, the terms of which
may further restrict or prevent us from paying dividends on our common stock. As a result, you may have to sell some or all of your common
stock after price appreciation in order to generate cash flow from your investment, which you may not be able to do. Our inability or
decision not to pay dividends, particularly when others in our industry have elected to do so, could also adversely affect the market
price of our common stock.

59

If securities or industry analysts do not publish research or
reports about our business or publish negative reports, the market price of