Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 445

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 445
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 |            |          — |   |     |             | (7,172,999  | ) |     |       |  (7,172,999 | ) |
| Share-based compensation expense |     |               — |     |   |      — |     |              |         — |        |     |   |   — |   |     |            |      8,333 |   |     |             | —           |   |     |       |       8,333 |   |
| Balance at December 31, 2023     |     |      12,364,815 |     | $ |  1,237 |     |              | 7,072,300 |        |     | $ | 707 |   |     | $          | 27,825,061 |   |     | $           | (36,259,736 | ) |     | $     |  (8,432,731 | ) |

The accompanying notes are an integral part of these financial statements.

F-5

Fold, Inc.
Statements of Cash Flows

| 2023                                                                        |     | Year Ended December 31, |            | 2022 |     |   |             |   |
|:----------------------------------------------------------------------------|:----|:------------------------|-----------:|:-----|:----|:--|------------:|:--|
| Cash flows from operating activities                                        |     |                         |            |      |     |   |             |   |
| Net loss                                                                    |     | $                       | (7,172,999 | )    |     | $ | (11,972,752 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |                         |            |      |     |   |             |   |
| Amortization expense                                                        |     |                         |    229,094 |      |     |   |     182,788 |   |
| (Gain) loss on digital assets – rewards treasury                            |     |                         | (4,236,593 | )    |     |   |   5,397,741 |   |
| Loss (gain) on customer rewards liability                                   |     |                         |  4,283,795 |      |     |   |  (4,606,421 | ) |
| Change in fair value of SAFEs                                               |     |                         |  1,374,005 |      |     |