Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 366

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 366
---
 the years ended December 31, 2023 and 2022, cash provided by financing activities was $0.5 million and $7.0 million, respectively, primarily due to proceeds from SAFE financings. Unaudited Cash Flow Activities For the nine months ended September 30, 2024 and 2023 The following table summarizes our cash flow activities:

|                                           |     | Nine Months Ended 
 September 30,     |       2024 |   |     |   |       2023 |   |
|:------------------------------------------|:----|:------------------|-----------:|:--|:----|:--|-----------:|:--|
| Net cash used in operating activities     |     | $                 | (3,393,225 | ) |     | $ |   (224,313 | ) |
| Net cash used in investing activities     |     |                   | (1,711,247 | ) |     |   | (3,150,619 | ) |
| Net cash provided by financing activities |     |                   |  8,000,000 |   |     |   |    500,000 |   |
| Net increase (decreased) in cash          |     | $                 |  2,895,528 |   |     | $ | (2,874,932 | ) |

227 Cash flows from operating activities For the nine months ended September 30, 2024, cash used in operating activities was $3.4 million, primarily due to the net loss of $65.6 million, offset by an increase in cash from net working capital of $2.8 million and an adjustment to the net income of non -cashincome and expense totaling $59.4 million. $3.3 million of operating cash outflows related to professional fees incurred in relation to the proposed merger with FTAC Emerald, including legal, accounting, and consulting fees. For the nine months ended September 30, 2023, cash used in operating activities was $0.2 million, primarily due to the net loss of $5.8 million, offset by an increase in cash from net working capital of $4.3million and an adjustment to the net loss of non -cashincome and expense totaling $1.3 million. Cash flows from investing activities Cash flows used in investing activities decreased to $1.7 million for the nine months ended September 30, 2024 from $3.2 million for the nine