Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 351

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 351
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, respectively. These assets are not recorded in the Company’s balance sheets. Similarly, as the Company has an obligation to safeguard these assets, it has a corresponding unrecorded liability of $ 17.2million and $ 13.9million at March 31, 2025 and December 31, 2024, respectively. Since the risk of loss is remote, the Company did notrecord a contingent liability at March 31, 2025 or December 31, 2024. The Company has no reason to believe it will incur any expense associated with such potential liability because it has no known or historical experience of claims to use as a basis of measurement, and it accounts for and continually verifies the amount of digital assets within its qualified custodians’ control.

17. NET LOSS PER SHARE

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock. In periods when the Company reported a net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were anti-dilutive.

As described in Note 3 — Recapitalization, the Company accounted for the Merger as a reverse recapitalization. Net loss per share calculations for all periods prior to the Merger have been retrospectively adjusted by the Exchange Ratio for the equivalent number of shares of common stock outstanding immediately after the Merger to effect the reverse recapitalization. The Exchange Ratio was calculated as the quotient of (a) the Aggregate Merger Consideration, divided by (b) the number of shares of Fold Fully Diluted Capital Stock.

|                                                                              |     | Three Months Ended 
          March 31, |             |   |     |      |           |   |
|                                                                              |     |               2025 |             |   |     | 2024 |           |   |
| Basic net loss per share:                                                    |     |                    |             |   |     |      |           |   |
| Numerator:                                                                   |     |                    |             |   |     |      |           |   |
| Net loss                                                                     |     |                  $ | (48,879,200 | ) |     |    $ |  (945,046 | ) |
| Net loss attributable to common stockholders,