secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K/A
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001013762-25-004192
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fold Holdings reports 2024 net loss of $65.1M on $23.8M revenue; large SAFE charges
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- Net loss widened to $65.1M in 2024 from $7.2M in 2023; revenue grew 10% to $23.8M.
- Total assets $125.7M, cash $18.3M; accumulated deficit $101.3M as of Dec 31, 2024.
- SAFE liability $171.1M; $88.4M non-cash loss from change in fair value of SAFEs.
- Convertible note of $11.8M issued; 700 bitcoin in investment treasury ($68.3M at merger close).
- Merger with FTAC Emerald closed Feb 14, 2025; stock now trades on Nasdaq as FLD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000101376225004192/0001013762-25-004192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000101376225004192/ea0235197-8ka1_foldhold.htm
  HTML page:      https://secwatch.observer/filing/0001013762-25-004192

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