{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-226833","form_type":"8-K","ticker":"FLD","cik":"0001889123","company_name":"Fold Holdings, Inc.","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.990144+00:00","generated_at":"2026-05-17T05:08:34.986528+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fold Holdings secures up to $45M bitcoin-backed revolving credit facility at 6.5% from Two Prime","bullets":["Revolving facility with aggregate principal up to $45M; first $45M advance matures Oct 1, 2026.","Interest at 6.5% per annum on 360-day basis; no minimum loan amount; prepayable without penalty.","Collateralized by bitcoin at 250% initial level; margin call at 175%; automatic liquidation trigger below threshold.","Lender Two Prime has first-priority security interest but no rehypothecation; custodian BitGo Trust Company.","Proceeds for working capital and general corporate purposes; non-dilutive capital preserving bitcoin treasury optionality."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-226833","json":"https://secwatch.observer/filing/0001193125-25-226833.json","markdown":"https://secwatch.observer/filing/0001193125-25-226833.md","text":"https://secwatch.observer/filing/0001193125-25-226833.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1889123/000119312525226833/0001193125-25-226833-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1889123/000119312525226833/fld-20251001.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:08:34.986528+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2dee28fd9ddbf1a0dda8c3a1e9d8be676531a716","claim":"Fold Holdings, Inc. incurred revolving credit of up to $45,000,000 with Two Prime Lending Limited at 6.5% per annum maturing October 1, 2026.","evidence_excerpt":"forth in individually executed loan term sheets (each, a “Loan Term Sheet”). Facility and economics: The Facility provides for loans in an aggregate principal amount of up to $45,000,000, with no minimum loan amount required. Any amounts borrowed under this Facility bear interest at a rate of 6.5% per annum, accruing daily on a 360‐day year basis and payable in","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1889123/000119312525226833/0001193125-25-226833-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $45,000,000"},{"label":"Counterparty","value":"Two Prime Lending Limited"},{"label":"Rate","value":"6.5% per annum"},{"label":"Maturity","value":"October 1, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}