Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 11

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 11
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| ● | If we cannot keep pace with rapid industry changes to provide new and innovative products and services, the                             
 use of our products and services, and consequently our net revenue, could decline, which could adversely impact our business, operating 
 results, and financial condition.                                                                                                       |

| ● | Any significant disruption in our products and services, in our information technology systems, or in blockchain                               
 networks related to our business, could result in a loss of customers or funds and adversely impact our brand and reputation and our business, 
 operating results, and financial condition.                                                                                                    |

| ● | Our or our third-party partners’ failure to safeguard and manage our and our customers’ fiat            
 currencies and Bitcoin could adversely impact our business, operating results, and financial condition. |

| ● | If we fail to retain existing customers or add new customers, or if our customers decrease their level of                                  
 engagement with our products, services and platform, our business, operating results, and financial condition may be significantly harmed. |

| ● | Our operating expenses may increase in the future and we may not be able to achieve profitability or positive                             
 cash flow from operations on a consistent basis, which may cause our business, operating results, and financial condition to be adversely 
 impacted.                                                                                                                                 |

| ● | Our strategy and focus on delivering high-quality, compliant, easy-to-use, and secure Bitcoin-related financial 
 services may not maximize short-term or medium-term financial results.                                          |

| ● | Due to our limited operating history, it may be difficult to evaluate our business and future prospects, 
 and we may not be able to achieve or maintain profitability in any given period.                         |

2

| ● | Our business could be harmed if we are unable to accurately forecast customer demand for Bitcoin and to adequately                     
 manage our Bitcoin balances, including the Bitcoin balances we maintain for our own account or Bitcoin balances that may be maintained 
 for use in our rewards program.                                                                                                        |

| ● | Unfavorable media coverage could negatively affect our business. |

| ● | Our compliance and risk management methods might not be effective and may result in outcomes that could adversely 
 affect our reputation, operating results, and financial condition.                                                |

| ● | We may suffer losses due to abrupt and erratic market movements. |

| ● | Due to unfamiliarity and some negative publicity associated with Bitcoin products and services, confidence 
 or interest in our platforms may decline.                                                                  |

| ● | We rely on search engines, social networking sites, and other web-based platforms to attract a meaningful