Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 322

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 322
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 services, users must first download the Fold app from either the Apple or Google app store. Upon using the Fold app for the first time, users are prompted to provide certain information for account creation and verification and to accept Fold’s user terms and conditions. Once Fold completes a review of a user’s initial application, the user is then granted access to the Fold platform. From there, users can utilize the following services: Fold Pre-paid Debit Card •Users may apply for a Fold pre -paiddebit card by selecting the “Fold Card” tab in the Fold app and following the on -screenprompts. Once an application has been submitted, Fold utilizes Sardine, a third -partyservice, to perform the required KYC and AML verification along with internal reviews completed by the Fold compliance team when needed. •Once a user has been approved, a Fold pre -paiddebit card is issued by Sutton Bank, Fold’s banking partner, and sent to the user’s address on file. Users can activate a Fold pre -paiddebit card by either calling the number provided on the card or by following card activation instructions in the Fold app. After activating a Fold pre -paiddebit card, users can view card details by selecting the “Fold Card” tab in the Fold app. •To deposit or withdraw funds, users can select the “Deposit” or “Withdraw” option on the “Home” or “Fold Card” tab. From there, users can select from and utilize a number of deposit and withdrawal methods. All funds directly deposited to, spent on, or withdrawn from the Fold Card are in USD. As described in the “Bitcoin Buying and Selling” section below, eligible users also have the ability to deposit bitcoin into their Fold account. Any such bitcoin deposited by users is received by and held at the Bitcoin Service Providers and does not directly impact a user’s Fold Card balance. At their option, users have the ability to sell the deposited bitcoin to fund their card using the “Push to Card” feature discussed below. Bitcoin Buying and Selling •To buy and sell bitcoin in the Fold app, users must request access to this feature. Users can request access by first selecting the “Bitcoin” tab within the Fold app. Users will then be prompted to provide additional KYC and AML information as required by Fold’s Bitcoin Service Providers. Only once a user has passed these compliance checks will they be granted access to the bitcoin buy and sell features within the Fold app. •All bitcoin buy and sell features are accessed by opening the Fold app