secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2025-06-17T23:59:59+00:00
Accession:  0000950170-25-087072
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fold Holdings enters $250M equity purchase facility to expand bitcoin treasury
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- Up to $250M equity purchase facility; company has right but not obligation to issue and sell shares at its discretion.
- Net proceeds primarily intended to acquire additional bitcoin for corporate treasury.
- Purchase price at 97% of lowest daily VWAP (regular) or 92% of VWAP (accelerated); also may set minimum acceptable price.
- Initial Exchange Cap of 9,282,287 shares (19.99% of outstanding) without shareholder approval; may limit full draw.
- Amended existing note: conversion price reduced to $9.00; Series C warrant expiration extended to Aug 14, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000095017025087072/0000950170-25-087072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000095017025087072/fld-20250616.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-087072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer