Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 365

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 365
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 price of $12.50, $0.001, and $11.50 per share, respectively (the “Investor Warrants”). The proceeds from the Initial Note will be used to support Fold’s growth initiatives and accelerate product development. Any proceeds from the Additional Investor Note are expected to provide additional capital flexibility upon the closing of the Business Combination. For the year ended December 31, 2023 and 2022 The following table summarizes our cash flow activities:

| 2023                                      |     | Year Ended   
 December 31, |            | 2022 |     |   |            |   |
|:------------------------------------------|:----|:-------------|-----------:|:-----|:----|:--|-----------:|:--|
| Net cash used in operating activities     |     | $            |   (644,670 | )    |     | $ | (1,491,971 | ) |
| Net cash used in investing activities     |     |              | (3,716,557 | )    |     |   | (4,482,892 | ) |
| Net cash provided by financing activities |     |              |    500,000 |      |     |   |  6,978,125 |   |
| Net (decrease) increase in cash           |     | $            | (3,861,227 | )    |     | $ |  1,003,262 |   |

Cash flows from operating activities For the year ended December 31, 2023, cash used in operating activities was $0.6 million, primarily due to the net loss of $7.2 million, offset by an increase in cash from net working capital of $4.9 million and an adjustment to the net loss of non -cashincome and expense totaling $1.7 million. For the year ended December 31, 2022, cash used in operating activities was $1.5 million, primarily due to the net loss of $12.0 million, offset by an increase in cash from net working capital of $7.8 million and an adjustment to the net loss of non -cashincome and expense totaling $2.7 million. Cash flows from investing activities Cash flows used in investing activities decreased $0.8million from the year ended December 31, 2022 to the year ended December 31, 2023 by, primarily due to less purchases of bitcoin to satisfy customer rewards. Cash flows from financing activities For