# EDGAR Filing Document

**Accession Number:** 0001889123
**File Stem:** 0000919574-26-001458
**Filing Date:** 2026-3
**Character Count:** 17683
**Document Hash:** 5c50dc6ced22a08e5155bb1eed7eec23
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-001458.hdr.sgml**: 20260303

**ACCESSION NUMBER**: 0000919574-26-001458

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260303

**DATE AS OF CHANGE**: 20260303

**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/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93189
- **FILM NUMBER:** 26711726

**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:** Kirkwood Jonathan
- **CENTRAL INDEX KEY:** 0002057403

**ORGANIZATION NAME:**

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

**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

## Ex-99

Exhibit A

<u>JOINT FILING AGREEMENT</u>

The undersigned agree that this Amendment No. 1 to Schedule 13D, dated March 3, 2026, relating to the Common Stock, par value $0.0001 per share, of Fold Holdings, Inc. shall be filed on behalf of the undersigned.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Dated: March 3, 2026 | &nbsp;&nbsp; TEN31 LLC | &nbsp;&nbsp; TEN31 LLC |
|  | &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Jonathan Kirkwood |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Jonathan Kirkwood |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Vice Managing Partner |
|  | &nbsp;&nbsp;jonathan kirkwood | &nbsp;&nbsp;jonathan kirkwood |
|  | &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Jonathan Kirkwood |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Jonathan Kirkwood |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; low time preference fund ii, llc | &nbsp;&nbsp; low time preference fund ii, llc |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Jonathan Kirkwood |
| &nbsp;&nbsp;Name: | &nbsp;&nbsp;Jonathan Kirkwood |
| &nbsp;&nbsp;Title: | &nbsp;&nbsp;Vice Managing Partner |
| &nbsp;&nbsp;TEN31 JOIN THE FOLD LLC | &nbsp;&nbsp;TEN31 JOIN THE FOLD LLC |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Jonathan Kirkwood |
| &nbsp;&nbsp; Name:<br> Title: | &nbsp;&nbsp; Jonathan Kirkwood<br> Managing Partner<br>|

---

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Fold Holdings, Inc.**

*(Name of Issuer)*

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

*(Title of Class of Securities)*

**29103K100**

*(CUSIP Number)*

**Audrey Bartosh**<br>2942 North 24th Street<br>Suite 115, #42035<br>Phoenix AZ 85016<br>(866) 365-3277

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

**02/26/2026**

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

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

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ten 31 LLC** | Name of reporting person<br>**Ten 31 LLC** | |
| 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>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 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>**WYOMING** | Citizenship or place of organization<br>**WYOMING** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**5560889.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**5560889.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5560889.00** | Aggregate amount beneficially owned by each reporting person<br>**5560889.00** | |
| 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>**11.5%** | Percent of class represented by amount in Row (11)<br>**11.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** Represents (i) 3,365,299 shares of Common Stock held by Low Time Preference Fund II, LLC and (ii) 1,270,000  shares of Common Stock and 925,590 warrants to purchase shares of Common Stock held by SATS Credit Fund, LP. Ten31 LLC  is the investment manager of Low Time Preference Fund II, LLC and SATS Credit Fund, LP, and disclaims beneficial ownership of all shares held by Low Time Preference Fund II, LLC and SATS Credit Fund, LP, except to the extent of its pecuniary interest therein. The calculation is based on 48,307,642 shares of Common Stock outstanding, as set forth in the issuer's Form 10-Q filed November 10, 2025.

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

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jonathan Kirkwood** | Name of reporting person<br>**Jonathan Kirkwood** | |
| 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>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 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>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**256811.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**5560889.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**256811.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**5560889.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**5817700.00** | Aggregate amount beneficially owned by each reporting person<br>**5817700.00** | |
| 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>**12.0%** | Percent of class represented by amount in Row (11)<br>**12.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Represents (i) 3,365,299 shares of Common Stock held by Low Time Preference Fund II, LLC, (ii) 1,270,000  shares of Common Stock and 925,590 warrants to purchase shares of Common Stock held by SATS Credit Fund, LP, and (iii) 256,811 shares of Common Stock held by Jonathan Kirkwood. Jonathan Kirkwood is the co-founder and managing partner of Ten31 LLC, which is the investment manager of Low Time Preference Fund II, LLC and SATS Credit Fund, LP, and disclaims beneficial ownership of all shares held by Low Time Preference Fund II, LLC and SATS Credit Fund, LP, except to the extent of his pecuniary interest therein. The calculation is based on 48,307,642 shares of Common Stock outstanding, as set forth in the issuer's Form 10-Q filed November 10, 2025.

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

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Low Time Preference Fund II, LLC** | Name of reporting person<br>**Low Time Preference Fund II, LLC** | |
| 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>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**3365299.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**3365299.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3365299.00** | Aggregate amount beneficially owned by each reporting person<br>**3365299.00** | |
| 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>**7.0%** | Percent of class represented by amount in Row (11)<br>**7.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** The calculation is based on 48,307,642 common shares outstanding, as set forth in the issuer's Form 10-Q filed November 10, 2025.

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

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ten31 Join the Fold LLC** | Name of reporting person<br>**Ten31 Join the Fold LLC** | |
| 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>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 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>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**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:**
2929 Arch St., Suite 1703, Philadelphia, PA, 19103

**Item 4. Purpose of Transaction**

The Reporting Persons are filing this Schedule 13D/A to report a change in their respective beneficial ownership percentages of the shares of Common Stock. Ten31 Join the Fold LLC disposed of all 1,682,670 shares of Common Stock reported in the initial 13D filing on December 19, 2025, 144,311 of which were distributed to Jonathan Kirkwood in exchange for no consideration. Additionally, Dr. Kirkwood obtained beneficial ownership of 112,500 shares through a grant of restricted stock units on June 3, 2025.  SATS Credit Fund, LP acquired 520,000 shares of Common Stock in a transaction with the Issuer on February 26, 2026 (as further described in Item 6), and 750,000  shares of Common Stock and 925,590 warrants to purchase shares of Common Stock on  March 5, 2025.

Dr. Kirkwood is a director of the Issuer. As such, he participates in the planning and decisions of the board of directors. Dr. Kirkwood may from time to time develop plans respecting, or propose changes in, the management, composition of the board of directors, operations, capital structure or business of the Issuer. Depending upon market conditions and other factors that Dr. Kirkwood deems material, he may purchase additional Common Stock or other securities of the Issuer in the open market, private transactions or from the Issuer, or may dispose of all or a portion of the Common Stock or other securities of the Issuer that he now own or may hereafter acquire. Except as described above, Dr. Kirkwood does not have any present plans or proposals that relate to, or that would result in, any of the events described in paragraphs (a) to (j) of the instructions to Item 4 of Schedule 13D. Dr. Kirkwood reserves the right to formulate plans or make proposals, and to take any actions with respect to his investments in the Issuer, including any or all of the actions described in paragraphs (a) to (j) of the instructions to Item 4 of Schedule 13D.

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

**(a)**
See the information on the cover pages of this Schedule 13D Amendment No. 1, which is incorporated by reference herein.

**(b)**
See the information on the cover pages of this Schedule 13D Amendment No. 1, which is incorporated by reference herein.

**(c)**
SATS Credit Fund LP entered into a transaction with the Issuer on February 26, 2026 pursuant to which it purchased a Senior Unsecured Promissory Note and 520,000 shares of Common Stock from the Issuer for the aggregate purchase price of $13,000,000.

Except as set forth above, none of the Reporting Persons has effected any transactions in the Common Stock during the past 60 days.

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

SATS Credit Fund LP entered into a transaction with the Issuer on February 26, 2026 pursuant to which it purchased a Senior Unsecured Promissory Note and 520,000 shares of Common Stock of the Issuer for the aggregate purchase price of $13,000,000.

Additionally, on March 6, 2025, SATS Credit Fund LP received 925,590 warrants to purchase the shares of Common Stock of the Issuer, as disclosed in the Form 5 filing filed by Dr. Kirkwood on February 18, 2026.

### 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:** Ten 31 LLC

**Signature:** /s/ Jonathan Kirkwood

**Name/Title:** Jonathan Kirkwood, Vice Managing Partner

**Date:** 03/03/2026

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:** Jonathan Kirkwood

**Signature:** /s/ Jonathan Kirkwood

**Name/Title:** Jonathan Kirkwood

**Date:** 03/03/2026

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:** Low Time Preference Fund II, LLC

**Signature:** /s/ Jonathan Kirkwood

**Name/Title:** Jonathan Kirkwood, Vice Managing Partner

**Date:** 03/03/2026

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:** Ten31 Join the Fold LLC

**Signature:** /s/ Jonathan Kirkwood

**Name/Title:** Jonathan Kirkwood, Managing Partner

**Date:** 03/03/2026