Fold Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
FLD$0.46+3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash | $906,043 | $29,844 |
| Prepaid expenses | 20,409 | 192,712 |
| Prepaid income taxes | — | 83,503 |
| Total current assets | 926,452 | 306,059 |
| Investments held in Trust Account | 51,289,643 | 165,653,149 |
| Total assets | $52,216,095 | $165,959,208 |
| Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $533,197 | $114,659 |
| Due to related party | 646,451 | 286,451 |
| Excise tax payable | 1,167,245 | 967,916 |
| Income tax payable | 49,005 | — |
| Promissory note | 550,000 | — |
| Deferred advisory fee | 1,155,000 | — |
| Related party loans | 5,191,767 | 2,025,000 |
| Total current liabilities | 9,292,665 | 3,394,026 |
| Deferred advisory fee | — | 1,155,000 |
| Total liabilities | 9,292,665 | 4,549,026 |
| Commitments and Contingencies | ||
| Class A common stock subject to possible redemption, $0.0001 par value; 4,645,816 and 15,630,150 issued and outstanding shares at a redemption value of $11.03 and $10.60 per share as of December 31, 2024 and 2023, respectively | 51,246,348 | 165,721,882 |
| Stockholders’ Deficit | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 | — | — |
| Class A common stock, $0.0001 par value; 42,000,000 shares authorized; 9,591,222 shares issued and outstanding as of December 31, 2024 and 2023, respectively (net of 4,645,816 and 15,630,150 shares subject to possible redemption as of December 31, 2024 and 2023, respectively) | 959 | 959 |
| Class B common stock, $0.0001 par value; 10,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 | — | — |
| Additional paid-in capital | 6,008,775 | 6,984,216 |
| Accumulated deficit | (14,332,652) | (11,296,875) |
| Total stockholders’ deficit | (8,322,918) | (4,311,700) |
| Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit | $52,216,095 | $165,959,208 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.