Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 464

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 464
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 |                  |  4,283,795 |   |
| Balance at December 31, 2023                            |     | $                |  5,333,384 |   |

Rewards fulfillments represent amounts that were distributed to customers to fulfill customer rewards obligations. 7. RELATED PARTIES During the years ended December 31, 2023 and 2022, the Company did not identify any related party transactions. In May 2024, the Company entered into a SAFE with Thesis Inc., a related party of the Company, totaling $1.0million. Those proceeds were received in June 2024. 8. SAFES During the years ended December 31, 2023 and 2022, the Company entered into SAFEs with various investors with aggregate gross proceeds of $0.5 million and $7.0 million, respectively. In addition, during the year ended December31, 2023 the Company entered into a SAFE for $1.0million (“SAFE -34”), the proceeds of which were still outstanding as of that date. Those proceeds were collected in January and April 2024. The SAFEs have no maturity dates and bear no interest. Upon an equity financing, the SAFEs will convert into a variable number of shares dependent on the terms of the individual SAFE, such as the Purchase Amount, Discount Rate, Post -MoneyValuation Cap, and the Company Capitalization. At inception, the Purchase Amount and Post -MoneyValuation Cap are both known, and the Company Capitalization results in a share calculation that is in essence a minimum number of shares to be delivered to the investor at conversion. Other conversion events include liquidity events such as a change of control, direct listing, or initial public offering. Upon a liquidity event or dissolution event, the investors to the SAFEs will automatically be entitled to receive cash proceeds equal to, at a minimum, the Purchase Amount, prior to and in preference to any distribution of any assets or surplus funds to the common and preferred stockholders of the Company.

F-19

Fold, Inc.
Notes to Financial Statements 8. SAFES (cont.) SAFEs outstanding as of December 31, 2023 consisted of the following purchase amounts and terms for conversion:

| SAFE Number |     | Amount 
 Funded |           |     | Conversion Detail                    |
|:------------|:----|:-------|----------:|:----|:-------------------------------------|
| SAFE-27     |     | $      |   500,