secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001193125-25-226833
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fold Holdings secures up to $45M bitcoin-backed revolving credit facility at 6.5% from Two Prime
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000119312525226833/0001193125-25-226833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000119312525226833/fld-20251001.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-226833

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