Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 190

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 190
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 Agreement
at the Closing.

Administrative Services

Commencing on December 16, 2021
and ending on February 14, 2025, we paid an amount equal to $30,000 per month to our sponsors or its designee for office space, administrative
and shared personnel support services provided to us.

Financial Advisory Fee

The Company engaged Cohen &
Company Capital Markets, a division of J.V.B. Financial Group, LLC (“CCM”), to provide financial advisory services in connection
with the initial public offering. J.V.B. Financial Group, LLC is a broker dealer subsidiary of Cohen & Company Inc. Affiliates of
CCM have and manage investment vehicles with a passive investment in our sponsors. The Company paid CCM a fee in an amount equal to 0.3%
of the aggregate proceeds of the initial public offering (excluding the proceeds of the exercise of the overallotment option) net of underwriter’s
expenses, upon the closing of the initial public offering. The Company also engaged CCM to act as an advisor in connection with the business
combination for which it will earn an advisory fee of 0.525% of the proceeds of the initial public offering (excluding the proceeds of
the exercise of the overallotment option) payable at closing of the business combination. CCM is also entitled to an advisory fee equal
to 0.825% of the aggregate proceeds of the exercise of the overallotment option, payable at the closing of the business combination. The
underwriter had agreed to reimburse us for the fee to CCM as it becomes payable out of the underwriting commissions. Accordingly, a reimbursement
receivable and deferred advisory fee of $1,155,000 had been reflected in the accompanying balance sheets. On October 18, 2023, we entered
into an agreement with the underwriter in which the underwriter waived any entitlement it may have to the deferred underwriting discount
in respect of any business combination. As a result, we reversed the reimbursement receivable and recognized $1,155,000 of advisory fee
expenses in the accompanying statements of operations. At the Closing, CCM was paid an advisory fee in the amount of $1,155,000.

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Director and Officer Indemnification

The Company’s charter and
bylaws provide for indemnification and advancement of expenses for its directors and officers to the fullest extent permitted by the DGCL,
subject to certain limited exceptions. The Company