Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 330

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 330
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 prior to the Merger have been retrospectively adjusted by the exchange ratio for the equivalent number of shares of common stock outstanding immediately after the Merger to effect the reverse recapitalization. Refer to Note 17 for further information. In connection with the Merger, approximately 3.3 million shares of FTAC Emerald Class A common stock, par value $0.0001 per share (the “Class A Shares”), were redeemed, resulting in 10,932,855shares of FTAC Emerald Class A common stock outstanding. Upon finalization of the Merger, on February 14, 2025, the Company was renamed Fold Holdings, Inc. and each currently issued and outstanding share of FTAC Emerald Class A common stock automatically converted into shares of Fold Holdings, Inc. Common Stock. The number of shares of Common Stock of Fold Holdings as of March 31, 2025 was as follows:

| Shares by Type                                            |     |       Number of 
  shares by type 
 as of March 31, 
            2025 |   |
|:----------------------------------------------------------|:----|----------------:|:--|
| FTAC Emerald total shares outstanding prior to the Merger |     |      14,237,038 |   |
| Less: Redemption of FTAC Emerald shares                   |     |      (3,304,183 | ) |
| Class A Shares of FTAC Emerald                            |     |      10,932,855 |   |
| Shares issued for Fold Common Stock                       |     |      34,067,810 |   |
| Exercise of Series B warrants                             |     |         500,000 |   |
| Issuance of March 2025 Closing Shares                     |     |         750,000 |   |
| Total Shares of Common Stock outstanding                  |     |      46,250,665 |   |

F-65

Fold Holdings, Inc.
Notes to Unaudited Condensed Financial Statements 3. RECAPITALIZATION (cont.) The Company incurred transaction costs related to the Merger of approximately $14.0 million, which are included as a reduction to additional paid in capital on the condensed balance sheets. In connection with the closing of the Business Combination, the Company received net cash proceeds of $0.8 million from the FTAC Emerald trust account, net of transaction expenses and redemptions. 4. REVENUE Disaggregation of revenue We disaggregate revenue by service type and by platform as follows:

|                                    | Revenue