Fold Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
FLD$0.44-4.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash Flows from Operating Activities: | |||
| Net (loss) income | $(1,868,532) | $4,443,634 | |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | |||
| Non-redemption agreement expense | 838,825 | 708,400 | |
| Amortization of note discount | 434,696 | — | |
| Interest earned on investments held in Trust Account | (2,953,920) | (11,207,609) | |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses | 172,303 | (7,499) | |
| Prepaid income taxes | 83,503 | (83,503) | |
| Reimbursement receivable | — | 1,155,000 | |
| Excise tax payable | (967,916) | — | |
| Accounts payable and accrued expenses | 418,538 | 290,047 | |
| Due to related party | 360,000 | (21,535) | |
| Income tax payable | 49,005 | (359,410) | |
| Net cash used in operating activities | (3,433,498) | (5,082,475) | |
| Cash Flows from Investing Activities: | |||
| Cash withdrawn from Trust Account for tax purposes | 592,930 | 3,014,566 | |
| Cash withdrawn from Trust Account in connection with redemption | 116,724,496 | 96,791,644 | |
| Net cash provided by investing activities | 117,317,426 | 99,806,210 | |
| Cash Flows from Financing Activities: | |||
| Proceeds from promissory note | 550,000 | — | |
| Proceeds from promissory note – related party | 3,166,767 | 2,025,000 | |
| Redemption of common stock | (116,724,496) | (96,791,644) | |
| Net cash used in financing activities | (113,007,729) | (94,766,644) | |
| Net Change in Cash | 876,199 | (42,909) | |
| Cash – Beginning of period | 29,844 | 72,753 | |
| Cash – End of period | $906,043 | $29,844 | |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Excise tax on stock redemption | $1,167,245 | $967,916 | |
| Supplemental information: | |||
| Cash paid for income taxes | $496,000 | $2,768,000 | |
| Deferred underwriting payable charged to additional paid-in capital | $ | - | $8,704,270 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.