# EDGAR Filing Document

**Accession Number:** 0002058689
**File Stem:** 0001493152-26-009887
**Filing Date:** 2026-3
**Character Count:** 12231
**Document Hash:** 59e20d4e5e6e6f9193f1b10b0ed50e04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-009887.hdr.sgml**: 20260312

**ACCESSION NUMBER**: 0001493152-26-009887

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260312

**DATE AS OF CHANGE**: 20260312

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fold Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001889123
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 862170416
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93189
- **FILM NUMBER:** 26748764

**BUSINESS ADDRESS:**
- **STREET 1:** 2929 ARCH ST., ,SUITE 1703
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 215-701-9555

**MAIL ADDRESS:**
- **STREET 1:** 2929 ARCH ST., ,SUITE 1703
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FTAC Emerald Acquisition Corp.
- **DATE OF NAME CHANGE:** 20211116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Emerald ESG Acquisition Corp
- **DATE OF NAME CHANGE:** 20211019
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fulgur Frontier Capital LP
- **CENTRAL INDEX KEY:** 0002058689

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** C/O FOLD HOLDINGS, INC. UNIT 42035 85028
- **STREET 2:** 11201 NORTH TATUM BLVD., SUITE 300
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85028
- **BUSINESS PHONE:** (866) 365-3277

**MAIL ADDRESS:**
- **STREET 1:** C/O FOLD HOLDINGS, INC. UNIT 42035 85028
- **STREET 2:** 11201 NORTH TATUM BLVD., SUITE 300
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85028

## Exhibit 99.1

**Exhibit 99.1**

<u>Joint Filer Agreement</u>

The undersigned hereby agree and acknowledge that the statement containing the information required by Schedule 13D, to which this agreement is attached as an exhibit, is filed on behalf of each of them, and any amendments or supplements to the Schedule 13D shall also be filed on behalf of each of them.

March 10, 2026

**Fulgur Frontier Capital LP**

---

| | |
|:---|:---|
| By: | */s/ Oleg Mikhalskiy* |
| Name: | Oleg Mikhalskiy |
| Title: | Director; authorized signatory of Fulgur Investment Management Limited, its general partner |

---

---

| | |
|:---|:---|
| By: | */s/ Wendy Warren* |
| Name: | Tux Limited (Wendy Warren) |
| Title: | Director; authorized signatory of Fulgur Investment Management Limited, its general partner |

---

**Fulgur Ventures I, L.P.**

---

| | |
|:---|:---|
| By: | */s/ Oleg Mikhalskiy* |
| Name: | Oleg Mikhalskiy |
| Title: | Manager; authorized signatory of Fulgur Investment Management Limited, its general partner |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Fold Holdings, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**29103K100**

*(CUSIP Number)*

**Grant Levine**<br>Dentons US LLP,<br>1221 Avenue of the Americas, 25th Floor<br>New York NY 10020<br>212 768-5384

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/30/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **29103K100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Fulgur Frontier Capital LP** | Name of reporting person<br>**Fulgur Frontier Capital LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**C5** | Citizenship or place of organization<br>**C5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**13740061.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4360345.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**13740061.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4360345.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**18100406.00** | Aggregate amount beneficially owned by each reporting person<br>**18100406.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**37.47%** | Percent of class represented by amount in Row (11)<br>**37.47%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** Based on  48,307,642 shares of common stock outstanding as of November 10, 2025, as reported on the cover page of the issuer's interim report on Form 10-Q for the period ended September 30, 2025, as filed with the U.S. Securities and Exchange Commission (the "Commission") on November 10, 2025.

| **CUSIP No.** | **29103K100** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Fulgur Ventures I, L.P.** | Name of reporting person<br>**Fulgur Ventures I, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**4360345.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**13740061.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**4360345.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**13740061.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**18100406.00** | Aggregate amount beneficially owned by each reporting person<br>**18100406.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**37.47%** | Percent of class represented by amount in Row (11)<br>**37.47%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** Based on  48,307,642 shares of common stock outstanding as of November 10, 2025, as reported on the cover page of the issuer's interim report on Form 10-Q for the period ended September 30, 2025, as filed with the Commission on November 10, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Fold Holdings, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
2942 North 24th Street, Suite 115, #42035, Phoenix, AZ, 85016

**Item 4. Purpose of Transaction**

The Shares were acquired based on the belief that the Shares were undervalued and represented an attractive investment opportunity. Depending on overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of the Shares at prices that would make the purchase or sale of Common Stock desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The percentages used in this Schedule 13D are based upon 48,307,642 shares of the issuer's Common Stock outstanding as of November 10, 2025, as reported on the cover page of the issuer's interim report on Form 10-Q for the period ended September 30, 2025 as filed with the Commission on November 10, 2025.

See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Shares and percentage of the shares of Common Stock beneficially owned by each of the Reporting Persons. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

**(b)**
See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and the sole or shared power to dispose or to direct the disposition.

**(c)**
As described elsewhere in this Schedule 13D, on December 30, 2025, the 7,191,631 Shares were contributed by a limited partner to Frontier Capital for no consideration. The Shares were originally purchased by the limited partner on behalf of the Reporting Persons in open market transactions at market prices during the calendar year 2025 for approximately $27,557,381, with a volume weighted purchase price of approximately $3.83 per share, excluding any brokerage commissions.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

On March 9, 2026, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Fulgur Frontier Capital LP

**Signature:** /s/ Oleg Mikhalskiy

**Name/Title:** Oleg Mikhalskiy, Director of Fulgur Investment Management Limited, its general partner

**Date:** 03/10/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Fulgur Ventures I, L.P.

**Signature:** /s/ Oleg Mikhalskiy

**Name/Title:** Oleg Mikhalskiy, authorized signatory of Fulgur Investment Management Limited, its general partner

**Date:** 03/10/2026