Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 18

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 18
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 to comply with any new requirements, our ability to offer our products and services in their current form may
be adversely affected.

We believe that the products
and services offered by us directly, as opposed to those that are offered by our third party service providers, including the Bitcoin
Service Providers and Sutton Bank, are not subject to supervisory authority of regulatory authorities, or are only subject to certain
regulatory regimes. However, these products and services may cause us to be deemed to be engaged in a form of regulated activity for which
licensure is required or cause us to become subject to new and additional forms of regulatory oversight or supervision. To the extent
that we or our employees, contractors, or agents are deemed or alleged to have violated or failed to comply with any laws or regulations,
including related interpretations, orders, determinations, directives, or guidance, we or they could be subject to a litany of civil,
criminal, and administrative fines, penalties, orders and actions, including being required to suspend or terminate the offering of certain
products and services. Moreover, to the extent our customers nevertheless access our and our partners’ platforms, products or services
outside of jurisdictions where we have obtained required governmental licenses and authorization, we could similarly be subject to a variety
of civil, criminal, and administrative fines, penalties, orders and actions as a result of such activity.

Due to our business activities,
it is possible that in the future we may be subject to investigations and inquiries, by U.S. federal and state regulators and foreign
regulators, many of which have broad discretion to audit and examine our business. Further, we believe increasingly strict legal and regulatory
requirements and additional regulatory investigations and enforcement, any of which could occur or intensify, may continue to result in
changes to our business, as well as increased costs, and supervision and examination for ourselves, our agents, and service providers.
Moreover, new laws, regulations, or interpretations may result in additional litigation, regulatory investigations, and enforcement or
other actions, including preventing or delaying us from offering certain products or services offered by our competitors or could impact
how we offer such products and services. Adverse changes to, or our failure to comply with, any laws and regulations have had, and may
continue to have, an adverse effect on our reputation and brand and our business, operating results, and financial condition.

Our relationships with
bank partners in the United States may subject us and our partners to additional regulatory scrutiny.

Prudential banking regulators
in the United