Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 318

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 318
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 stock for purposes of the Excise Tax, (ii) the fair market value of the redemptions,
(iii) the nature and amount of any PIPE issuances, (iv) the nature and amount of the equity issued by us in connection with
the Business Combination, including the shares issued to Legacy Fold stockholders in the Business Combination (or otherwise issued by
EMLD not in connection with the Business Combination but within the same taxable year of the redemption treated as a repurchase of stock),
and (v) the content of any proposed or final regulations and other guidance from the Treasury.

The imposition of the Excise Tax on us as a result
of such redemptions could reduce the amount of cash available to the Company following the Closing, which could cause investors in our
securities who did not redeem or the other stockholders of the Company to economically bear the impact of any such Excise Tax. 

Item
1B. UNRESOLVED STAFF COMMENTS.

None.

Item
1C. CYBERSECURITY.

Cybersecurity Risk Management and Strategy

We have developed and implemented cybersecurity risk management processes
intended to protect the confidentiality, integrity, and availability of our critical systems and information. While everyone at our company
plays a part in managing cybersecurity risks, primary cybersecurity oversight responsibility is shared by our board of directors, our
audit and compliance committee (“Audit Committee”), and senior management. Our cybersecurity risk management program is integrated
into our overall enterprise risk management program.

Our cybersecurity risk management program includes:

●physical,
                                            technological, and administrative controls intended to support our cybersecurity and data
                                            governance framework, including protections designed to protect the confidentiality, integrity,
                                            and availability of our key information systems and customer, employee, partner, and other
                                            third-party information stored on those systems, such as access controls, encryption, data
                                            handling requirements, and other cybersecurity safeguards, and internal policies that govern
                                            our cybersecurity risk management and data protection practices;

●a
                                            defined procedure for timely incident detection, containment, response, and remediation,
                                            including a written security incident response plan that includes procedures for responding
                                            to cybersecurity incidents;

●cybersecurity
                                            risk assessment processes designed to help identify material cybersecurity risks to our critical
                                            systems, information, products, services, and broader enterprise IT environment;

●a
                                            security team responsible for managing our cybersecurity risk assessment processes and security
                                            controls;

●the
                                            use of external consultants or other third