Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 247

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 247
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 customer digital assets and liabilities:

|                                           |     | As of December 31, 2023 |           |     |            |            |   |     |             |   |
|:------------------------------------------|:----|:------------------------|----------:|:----|:-----------|:-----------|:--|:----|:------------|:--|
|                                           |     | As Previously           
 Reported                |           |     | Adjustment |            |   |     | As Adjusted |   |
| Safeguarding customer digital assets      |     | $                       | 1,229,467 |     | $          | (1,229,467 | ) |     | $           | — |
| Safeguarding customer digital liabilities |     |                         | 1,229,467 |     |            | (1,229,467 | ) |     |             | — |

F-8 Fold, Inc.
Notes to Financial Statements 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Use of estimates The preparation of the financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses, as well as related disclosure of contingent assets and liabilities. The Company bases its estimates on historical experience and on assumptions that the Company believes are reasonable; however, actual results could significantly differ from those estimates. The Company evaluates these estimates on an ongoing basis. Estimates, judgments, and assumptions in these financial statements include, but are not limited to, those related to the determination of the recognition, measurement, and valuation of current and deferred income taxes; the fair value of performance stock -basedawards issued; the useful lives and impairment assessment of long -livedassets; allowance for credit losses; the fair value of customer reward liability derivative instruments; the fair value of Simple Agreements for Future Equity (“SAFEs”); the relative fair value of the convertible note and warrants issued; and loss contingency identification and valuation, including assessing the likelihood of adverse outcomes from positions, claims, and disputes, recoveries of losses recorded, and associated timing. Segment information We have one operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), who is our CEO, in deciding how to allocate resources and assessing performance. During the years ended December 31, 2024 and 2023, all operations were within the United States. The COD