{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-023298","form_type":"8-K","ticker":"FLD","cik":"0001889123","company_name":"Fold Holdings, Inc.","filed_at":"2025-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.490022+00:00","generated_at":"2026-05-24T22:46:13.868174+00:00","sec_items":["1.01","2.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fold issues $46.3M convertible note at $12.50/share, secured by 500 bitcoin","bullets":["Convertible note of $46.3M to SATS Credit Fund LP, conversion price $12.50, maturity March 2030.","Note pays 7% interest quarterly in common stock; no cash payments; secured by 500 bitcoin.","Warrant for 925,590 shares at $15.00 exercise price; 750,000 shares and 25 bitcoin issued as upfront consideration.","Automatic conversion triggers at share price thresholds from $15 to $40; full conversion at $40.","Investor is affiliate of chairman Jonathan Kirkwood; he recused from board approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-023298","json":"https://secwatch.observer/filing/0001213900-25-023298.json","markdown":"https://secwatch.observer/filing/0001213900-25-023298.md","text":"https://secwatch.observer/filing/0001213900-25-023298.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1889123/000121390025023298/0001213900-25-023298-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1889123/000121390025023298/ea0234072-8k_foldhold.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T22:46:13.868174+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}