secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K/A
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001193125-25-230192
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 enters $45M bitcoin-backed credit facility with Two Prime; 6.5% interest
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- Facility provides up to $45M revolving loans; first advance matures Oct 1, 2026.
- Interest at 6.5% p.a.; collateral is bitcoin with initial 250% collateral level.
- If collateral ratio falls below 175%, lender may call additional bitcoin; automatic liquidation below unspecified liquidation level.
- Proceeds for working capital and general corporate purposes; non-dilutive structure.
- Borrower may prepay without penalty; lender has call option only if specified in loan term sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000119312525230192/0001193125-25-230192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000119312525230192/fld-20251001.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-230192

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