Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 300

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 300
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 law. Following the Meeting on September 19, 2023, the Sponsor determined to convert all of the outstanding
shares of Class B common stock to shares of Class A common stock on a one-for-one basis. As of December 31, 2024 and 2023, there were
no shares of Class B common stock issued and outstanding, respectively. 1,133,333 shares were subject to forfeiture as of December 31,
2021 to the extent that the underwriter’s over-allotment option was not exercised in full so that the Founder Shares will represent,
on an as-converted basis, 25% of the Company’s issued and outstanding shares after the Public Offering. The underwriter subsequently
provided notice of its election to partially exercise its over-allotment option, and the closing of the sale of the additional Units occurred
on January 14, 2022. As a result of the underwriter exercising its over-allotment option in part, the Company’s initial holders
forfeited 148,192 Founder Shares.

Warrants

As of December 31, 2024 and 2023, there were 12,434,671
Public Warrants and 488,041 Private Placement Warrants issued and outstanding. As a result of the Business Combination, 488,041 Private
Placement Warrants were cancelled for no consideration. Each whole warrant entitles the holder to purchase one share of the Company’s
Class A common stock at a price of $11.50 per share, subject to adjustment as described herein, at any time commencing 30 days after the
completion of the initial Business Combination. In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked
securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective
issue price of less than $9.20 per share (with such issue price or effective issue price to be determined in good faith by the Company
and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the initial
stockholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross
proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of
the initial Business Combination on the date of the completion of the initial Business