Fold Holdings Enters Into Agreement For $250M Equity Purchase Facility, With Net Proceeds Primarily Intended To Be Used To Acquire Additional Bitcoin For Fold's Corporate Treasury

Fold Holdings, Inc. (NASDAQ:FLD) ("Fold" or the "Company"), the first publicly traded bitcoin financial services company, today announced that it has entered into an agreement for a $250 million equity purchase facility ("Facility"), with the net proceeds primarily intended to be used to acquire additional bitcoin for Fold's corporate treasury.

Pursuant to the Facility, the Company, in its sole discretion, has the right, but not the obligation, to issue and sell up to $250 million in newly issued shares of the Company's common stock ("Common Stock"), subject to certain conditions, including that a registration statement covering the resale of the Common Stock be filed and declared effective by the Securities and Exchange Commission ("SEC"). The Company is not required to use the Facility and controls the timing and amount of any drawdown on the Facility, subject to certain restrictions under the Facility. The Company expects to use the net proceeds from the Facility, if any, primarily to acquire additional bitcoin for Fold's corporate treasury.