secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001193125-26-082532
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fold eliminates $66.3M in convertible debt, removes 8-10M dilutive shares, releases 521 bitcoin
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- Extinguished two convertible notes totaling $66.3M principal; no convertible debt remains. Removes 8-10M potential dilutive shares.
- Paid $27.5M to retire the $20M Investor Note; March 2025 Note ($46.3M) terminated without penalty.
- Released 521 bitcoin formerly held as collateral under the two notes; now available for operations or credit card program.
- Issued $13M new senior unsecured note to SATS (10% interest, 1-year); 520k commitment shares issued to SATS as part of deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000119312526082532/0001193125-26-082532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000119312526082532/fld-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-082532

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