FLDDW FTAC Emerald Acquisition Corporation

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 7, 2024

 

FTAC EMERALD ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

 

Delaware		001-41168		86-2170416
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

 

2929 Arch Street, Suite 1703 Philadelphia, PA		19104
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: (215) 701-9555

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☒	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant		FLDDU		NASDAQ Capital Market
Class A common stock, par value $0.0001 per share		FLD		NASDAQ Capital Market
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock		FLDDW		NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 7.01 Regulation FD Disclosure.

 

As previously announced, on July 24, 2024, FTAC Emerald Acquisition Corp. (the “Company” or “FTAC Emerald”) and Fold, Inc. (“Fold”) have entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, EMLD Merger Sub Inc., a wholly-owned subsidiary of the Company (“Merger Sub”), and Fold, pursuant to which, among other things, Merger Sub will be merged with and into Fold with Fold surviving the merger as a wholly-owned subsidiary of the Company (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Transactions”).

 

Attached hereto as Exhibit 99.l and incorporated into this Item 7.01 by reference is an investor presentation that will be used by the Company in making presentations to certain existing and potential stockholders of the Company with respect to the Transactions. 

 

The information in this Item 7.01 (including Exhibit 99.1) is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

Important Information About the Proposed Business Combination and Where to Find It

 

This document relates to a proposed transaction between Fold and FTAC Emerald. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The parties have filed a registration statement on Form S-4 with the SEC, which includes a document that serves as a prospectus and proxy statement of FTAC Emerald, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all FTAC Emerald stockholders. FTAC Emerald also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of FTAC Emerald are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

 

Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by FTAC Emerald through the website maintained by the SEC at www.sec.gov. Alternatively, these documents, when available, can be obtained free of charge by directing a request to: FTAC Emerald Acquisition Corp., 2929 Arch Street, Suite 1703, Philadelphia, PA 19104, or by emailing info@cohencircle.com.

 

Participants in the Solicitation

 

Fold and FTAC Emerald and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from FTAC Emerald’s stockholders in connection with the proposed transaction. A list of the names of the directors and executive officers of FTAC Emerald and information regarding their interests in the business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph.

 

 

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.

 

Forward-Looking Statements

 

The information in this current report on Form 8-K includes “forward-looking statements” within the meaning of the federal securities laws with respect to the proposed transaction between Fold and FTAC Emerald. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts regarding Fold’s business, net proceeds from the proposed transaction, potential benefits of the proposed transaction and the potential success of Fold’s market and growth strategies, and expectations related to the terms and timing of the proposed transaction. These statements are based on various assumptions and on the current expectations of FTAC Emerald and Fold’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of FTAC Emerald and Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) the risk that the proposed transaction may not be completed by FTAC Emerald’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by FTAC Emerald; (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the approval of the proposed transaction by the stockholders of FTAC Emerald and the receipt of certain governmental and regulatory approvals; (iv) the failure to realize the anticipated benefits of the proposed transaction; (v) the effect of the announcement or pendency of the proposed transaction on Fold’s business relationships, performance, and business generally; (vi) the outcome of any legal proceedings that may be instituted against FTAC Emerald or Fold related to the business combination agreement or the proposed transaction; (vii) the ability to maintain the listing of FTAC Emerald’s securities on the NASDAQ; (viii) the ability to address the market opportunity for Fold’s products and services; (ix) the risk that the proposed transaction may not generate the expected net proceeds for the combined company; (x) the ability to implement business plans and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities; (xi) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (xii) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive industry in which Fold operates; and (xiii) those factors discussed in FTAC Emerald’s filings with the SEC under the headings “Risk Factors,” and other documents of FTAC Emerald filed, or to be filed, with the SEC. If any of these risks materialize or Fold’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither FTAC Emerald nor Fold presently know or that FTAC Emerald and Fold currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect FTAC Emerald’s and Fold’s expectations, plans or forecasts of future events and views as of the date of this report. While FTAC Emerald and Fold may elect to update these forward-looking statements at some point in the future, each specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing FTAC Emerald’s and Fold’s assessments as of any date subsequent to the date of this press report. Accordingly, undue reliance should not be placed upon the forward-looking statements.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.		Description
99.1		Investor Presentation
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: October 7, 2024	FTAC EMERALD ACQUISITION CORP.
	By:	/s/ Bracebridge H. Young, Jr.
	Name:	Bracebridge H. Young, Jr.
	Title:	President and Chief Executive Officer

 

 

Exhibit 99.1

 

T h e Ga t e w ay t o Bi t coin Financia l Services Oc t o b e r 20 2 4 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc

2 [ ] Disclaimer Ab o u t this P r ese n t a tion This investor presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential private placement of securities of FTAC Emerald Acquisition Corp. ("Emerald") in connection with a potential business combination (the “Business Combination”) between Fold Inc. (the “Company”) and Emerald and related transactions and for no other purpose. The information contained herein does not purport to be all - inclusive and none of Emerald, the Company or their respective representatives or a ffi liates makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this Presentation. This Presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any securities. No such offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. You should not construe the contents of this Presentation as legal, tax, accounting or investment advice or a recommendation. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein, and, by accepting this Presentation, you confirm that you are not relying upon the information contained herein to make any decision. The distribution of this Presentation may also be restricted by law and persons into whose possession this Presentation comes should inform themselves about and observe any such restrictions. The recipient acknowledges that it is (a) aware that the United States securities laws prohibit any person who has material, non - public information concerning a company from purchasing or selling securities of such company or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities, and (b) familiar with the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the “Exchange Act”), and that the recipient will neither use, nor cause any third party to use, this Presentation or any information contained herein in contravention of the Exchange Act, including, without limitation, Rule 10b - 5 thereunder. This Presentation and information contained herein constitutes confidential information and is provided to you on the condition that you agree that you will hold it in strict confidence and not reproduce, disclose, forward or distribute it in whole or in part without the prior written consent of the Company and is intended for the recipient hereof only. F o r w a r d Loo k i n g S t a te men ts This Presentation contains certain forward - looking statements within the meaning of the federal securities laws with respect to the proposed Business Combination. Forward - looking statements generally relate to future events or the Company’s future financial or operating performance. For example, statements regarding anticipated growth in the industry in which the Company operates and anticipated growth in demand for the Company’s products and services, the satisfaction of closing conditions to the Business Combination and the timing of the completion of the Business Combination are forward - looking statements. In some cases, you can identify forward - looking statements by terminology such as “pro forma”, “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward - looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward - looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: competition, the ability of the Company to grow and manage growth, maintain relationships with customers and retain its management and key employees; costs related to the Business Combination; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and continue to innovate its existing products and services. Nothing in this Presentation should be regarded as a representation by any person that the forward - looking statements set forth herein will be achieved or that any of the contemplated results of such forward - looking statements will be achieved. You should not place undue reliance on forward - looking statements, which speak only as of the date they are made. The Company undertakes no duty to update these forward - looking statements. F i n a n ci a l I n f o r ma tion The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S - X. Such information and data may not be included in, may be adjusted in or may be presented differently in the registration statement to be filed relating to the Business Combination and the proxy statement/prospectus contained therein. I n d u s try a n d M a r k et Da ta In this Presentation, the Company relies on and refer to certain information and statistics obtained from third - party sources which the Company believes to be reliable. The Company has not independently verified the accuracy or completeness of any such third - party information. Trademarks This Presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this Presentation may be listed without the TM, SM © or ® symbols, but the Company will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. I m p o r t a n t I n f o r ma tion f or I n ve s tors a n d S toc k hold e r s This Presentation relates to a proposed transaction between Emerald and the Company. This Presentation does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Emerald intends to file a registration statement on Form S - 4 with the U.S. Securities and Exchange Commission (the “SEC”), which will include a document that serves as a prospectus and proxy statement of Emerald, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all Emerald stockholders. Emerald also will file other documents regarding the proposed Business Combination with the SEC. Before making any voting decision, investors and security holders of Emerald are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed Business Combination as they become available because they will contain important information about the proposed Business Combination. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Emerald through the website maintained by the SEC at www.sec.gov. Participants in the Solicitation Emerald and the Company and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Emerald’s stockholders in connection with the proposed Business Combination. A list of the names of the directors and executive officers of Emerald and information regarding their interest in the Business Combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. Strictly Private & Confidential. Do Not Distribute. © Fold, Inc

3 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc S p ons o r O v er v i e w | I ndu s try L e ading S p o n s o r s, B a c k e d b y a P romine n t T e am 1) Return on units based on acquisition consideration paid by First Data of $15.00 per share of CCN common stock and $3.99 per CCN warrant (assumes warrants were issued within 30 days of acquisition closing), per tender offer statements filed by CCN and First Data with the SEC on 06.07.2020 2) Return based on IMXI common stock closing price as of 10.03.2024. For each whole warrant, reflects 0.201 shares of IMXI common stock and $1.12 in cash issued to warrant holders pursuant to IMXI’s Offer to Exchange Warrants filed on Form S - 4 with the SEC on 3.28.2019 3) Return based on PWP common stock closing price as of 10.03.2024 + 9 0 % r et urn 1 F r o m I PO t o s a l e t o F i r s t D a t a i n Ju l y 2017 + 7 4 % r et ur n 2 Si nc e I PO $250mm+ U p s i ze d P I P E $300mm U p s i ze d P I P E + 100 % r et ur n 3 Si nc e I PO S el e ct P o r t f olio Co m p a nies Ex p e r ience d T e a m S umm a ry Brace Y oung C E O & P res i d e n t , F TA C E mera l d B e tsy Co h en C h a i rm a n o f t h e Boar d , F TA C E mera l d Amanda Abrams C E O , C o h e n C i r c l e Da n ie l Co h en C o - F o u n d e r , C o h e n C i r c l e Impr e s s i v e T r ack R e co r d Strong reputation with institutions for partnering with quality companies Experienced Team Op e r at i o n a l & f i n an c ial e x p e rtis e wit h a n i n v e s t o r l e n s t o c o m p l e m e n t F o ld L e ad e r i n t h e S P A C M ar k et A p i o n ee r in t h e e v o lu t i o n o f t h e S P A C structure & unlocking significant value Str ong Str a t e gic P artn e r S p o n sor t e a m b ring s d ee p e x p e rtis e in p ay m e n t s & f i n an c ial s e rvic e s

4 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Introductions T oda y ’ s P rese nt e r s Will Re e v e s C E O & C o - Fou n d e r Wolfe R e p ass V P of Fina n c e Jo n at h an Kirkwood C o - Fo un d e r, T en 31

5 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 3 25 59 210 354 465 596 760 923 1 , 07 1 1 , 24 1 7 9 10 20 39 115 72 116 180 272 389 490 647 758 889 2023 2022 2021 2020 2019 2018 2017 2015 2016 2014 2013 2012 2011 2004 2003 2002 2001 2000 Users 1999 I nte r ne t 1998 ers 1996 1997 Bi t c o i n U s 1995 1994 1993 1992 Bi t coin O v er v i e w A Fast - Growing Brand & Rapid Adoption Trends T h e i n t er ne t la u n c h e d in 19 8 3 , whil e bi t c o i n , introduced in 2009, has shown a notably faster a do p t i o n r a t e. C o m p a r i n g a do p t i o n a c r o s s t h eir existence highlights bitcoin's accelerated growth Amon g t h e Best P e r f o r m i n g A s se t s o f t h e L ast D e c a d e 1 ~1,550% S in c e J a n u a r y 2 0 1 9 2 Bitcoin vs the Internet Adoption: Total customers (Millions) 3 1 ) F o r b e s , b i t co i n P r i c e H i s t o r y 200 9 t o 2022 , 04 . 16 . 2024 2 ) M a r k et d a t a fr o m 01 . 01 . 201 9 t o 10 . 03 . 2024 3) Our World In Data, Glassnode. Total number of bitcoin addresses used as proxy for the number of bitcoin users

6 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc No t e : M a r k et d a t a a s o f 10 . 03 . 2024 Market Backdrop Bitcoin has Outperformed Key Assets, Indices & Big Tech Since Jan 2019 Bi g T e ch K e y Ass e ts & I n d i ce s ( G o l d) ( S i l v er) (Bonds) 1548 . 3 % 168.2% 127.4% 107.4% 103 . % ( 10 . 7 % ) 472.3% 310.1% 222.9% 164.1% 142.3%

7 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Bi tcoin ha s a fi x e d supply unlike traditional fiat currency an d ha s t h e p o t ential t o p r o t e c t p e o p le f r om excessive money printing that can lead to inflation Bitcoin has the Potential to Protect Everyday People from Inflation T h e N e w St an d a r d 1) Federal Reserve Bank of Minneapolis, Customer Price Index, 1913 2) New York Fed, Independent Institute, U.S Department of State, Office of the Historian, Nasdaq 3) Federal Reserve Bank of St. Louis, Q1 Median Housing Prices, Market Prices based on Jan 1st of each year $420 , 80 0 ~ 1 0 Bi tc o in 20 2 4 $329 , 00 0 ~ 4 6 B it c o in 2020 $ 299,800 ~ 69 0 B it c o in 2016 T he D ol l a r i s I nf l a t i on a r y 1 , 2 $0. 00 1913 1923 1933 1943 While Bitcoin has been Deflationary 3 $0.20 $0. 40 $0. 60 $0. 80 $1. 00 1953 1963 1973 1983 1993 2003 2013 2023 2033 1971 : N i x o n e n d s B r e tt o n W oo d s ; s t a r t s m o d e r n d a y F i a t c ur r e nc y s y s te m 1913 : F e d e r a l R e s e r v e i s Created 1944 : B r e tt o n W oo d s e s t a b l i s h e d U SD a s t he w o r l d s r e s e r v e c ur r e nc y 2033 : A ss u m i n g 4% i nf l a t i o n p e r y e a r f o r ’23 – ’33 t h e $ val u e w i ll d r o p t o $0. 01 ’ 1 3 – ’ 6 8 : Fi r s t 5 0 y e a r s $ U S D L o s t 77 % o f V a l u e ’ 6 8 – ’ 2 3 : S ec o n d 5 0 Ye a r s $ U S D L o s t 90 % o f V a l u e 2023 : Pur c ha s i n g p o w e r d e c r e a s e s t o $0. 0 2 fr om 191 3 l e v e l s ’ 2 3 – ’ 3 3 : 1 0 Ye a r s $ U S D M a y L o s e ~ 50 % o f V a l u e

8 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Company Overview Fold is a Gateway to Bitcoin - Based Financial Services for an Expanding Network C ustomer H i g hli g ht s 4 C o m pany H i g hli g hts $50M+ 575K #1 2019 I n M o n t hly Volume Total A c c o un t s B i t c o in R e w a r d s Ca r d 1 Year F o und e d $2B+ $40M+ 1,000+ T op 8 I n T o t al Rewards Bitcoin Pu b lic Bi t c o in Volume Distributed 5 Holdings 3 Treasury 2 S t r ate g ic P a r tne r s <$10 64% Customer A c q uis ition C o st Cu s t o me r s W a n t B i t c o in Financ i a l Serv i ces 1) F o r b e s , B e s t Cry p t o R e wa r d s Ca r d s o f Ju l y 2024 2) Bitcoin holdings as of latest public filings as of 10.03.2024. Excludes bitcoin mining companies and exchanges 3) B i t co i n h o l d i n g s a s o f 10 . 03 . 2024 4) Based on historical company data & customer surveys from 2022 – 2024. Period of data co l l e ct i o n m a y v a r y a cro s s t h e d i ff e r en t s t a t i s t i cs 5) B a s e d o n B i t co i n p r i c e o f $64 , 48 0 a s o f 07 . 16 . 2024

9 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc P r o d u c t s O v er v i e w F old ’ s Curr e n t P r oduct Of f erings In s u r e d B i t co i n Cu s t o d y & T r adi n g □ B u y b i t c o i n w i t h l o w t o z e r o f e e s □ W i t h d r a w b i t c o i n i n s t a n t l y □ S e t a m o un t t o b u y d a i l y , w e e k l y , o r m o n t h l y □ Bitcoin purchases via Round - Ups on every F o l d C a r d t r a n sa c t i o n ` ` R e wa r d s N et w ork □ B i t c o i n re w a r d s o n a l l t r a n sa c t i o n s □ E x p a n s i v e m e r c h a n t re w a r d s n e t w o r k □ C u s t o m e r s c a n w i n u p t o 1 f u l l b i t c o i n p e r spending transaction □ U p t o 20 % b i t c o i n re w a r d s a t 100 M + t o p merchants Deb i t Car d & FDI C Cas h A c c ou n t □ V i s a P r e p a i d D e b i t C a r d f o r s p e n d i n g a n d b i t c o i n r e w a r d s □ C he c k i n g A cc o un t ( F D I C ) f o r d i re ct d e p o s i t & bills □ U p t o 1 . 5 % b a c k i n b i t c o i n o n t o p s p e n d i n g categories, mortgage, rent and bills □ ~2x higher rewards than the leading cash b a c k d e b i t c a r d

10 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Platform Strengths Deli v ering V alue f or S t a k eholde r s Bitcoin financial services platform that seamlessly integrates dollars with bitcoin & making w a y f o r p o w er f u l n e w fi n a n c ial p r o du c t s Financial Automations enable automatic paycheck conversion to bitcoin, recurring i n v es t m e nt a n d r o u n d - u p s o n pu r c hases Fold’s Merchant Offers are among the most extensive rewards networks with card - linked offers, gift cards and affiliate offers Debit Card & FDIC Insured Cash Account allows customers to spend on everyday goods and pay monthly bills, earning bitcoin rewards on each transaction Insured bitcoin Custody and Zero Fee Trading allows customers to save money o n t r a di n g c o mm i s s i o ns a n d t a k e con t r ol o f t he i r f ina n c i a l s t a bility Bitcoin Treasury & Accumulation strategy increases potential bitcoin exposure for both Fold and our shareholders 01 02 04 03 06 05

11 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Note: Based on historical company data & customer surveys from 2022 – 2024. Period of data collection may vary across the different statistics Cus t omer Bas e St atistics Highly Engaged Base with Potential for Cross Selling 83% A r e ag e d b e t w e en 25 - 5 4 y e a r s 46% W a n t acc e s s t o cr e d it & l o ans 65% M a k e o v er $100 K 84% I n t e r es t e d i n a b u s i n e s s accou n t 80% Ha v e p rime cr e dit 87% O f p r emium cu s t o me r s engage i n 2 + p r o duc t s

12 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc P r o d u c t R o admap Comprehensive Financial Services Driven by High Customer Engagement Cr e d i t Ca rd L o a n s Business A cc o u nt s S t r o n g C u s t o m er I n vo lve m e n t 1 B a n k i n g & Pa y m en t s Merc h a n t Rewards Joint A ccou n t s C u s t o d y & Trading 1) Based on historical company data & customer surveys from 2022 – 2024 D e e p C u s t o m er P e n e t r a t i o n

13 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 8,211 4 11,509 3 252,220 2 1,000+ 1 1,012 8 1,176 7 1,717 6 2,410 5 Note : Excludes miners and exchanges. Bitcoin holdings based on public filings as of: 1) 10.03.2024 2) 09.19.2024 Bi t coin S t ac k ing | A Un iqu e St r a t e g y t o C a p tu r e Potential Upside from Bitcoin Appreciation Bi t coin as a T r e a s u r y Str a t e gy Ap p r e c iat i on: D u e t o t h e p ac e o f b i t c o in adoption, the price of bitcoin is expected to i n c r e as e o v e r t h e lo n g t e rm Inflation Hedge: Bitcoin’s limited lifetime su p p ly c a n m a k e it a h e d g e a g ain st i n f la t i o n an d t h e d e v aluati o n o f f iat c u r r e n c i e s d u e t o i t s f i x e d supply and increasing demand Global Liquidity: Bitcoin’s 24/7 global market presence provides companies with the flexibility to manage finances efficiently, offering quick access to funds when needed D i v e r sif i c atio n : I n c o rp o r a t i n g Bi t c o in a s a treasury strategy diversifies a company’s asset base, reducing reliance on traditional financial instruments and potentially enhancing overall portfolio upside Top Public Companies with Bitcoin Stacking Strategy & their Current Bitcoin Holdings Commentary 940 6 147 9 413 6 352 6 3) 10.01.2024 5) 08.22.2024 7) 03.08.2024 4) 06.20.2024 6) 06.30.2024 8) 08.26.2024 9) 05.31.2024

14 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc M one t i z ation H o w F old Ge n e r a t es R e v enue Cu s t ome r s Current O f f eri n gs Future Op p ortu n i t ies Increased network volume grows the a moun t o f bit coin i n t he treasury for p rem i u m I nsuranc e Cu s t o m er s e a rn mor e bi t coin & r e qui re m o r e financial services Cu s t o m er s a c t i v ely eng a g e in s p end i ng activities on the net w or k , d r iving t r a n s a ctio n v olu m e Bitcoin T r e a s ury I n t e r c h a n g e o n all card transactions R e v e nu e S s h a r e o n m e r ch a n t o ff e r s & partnerships Transa c tion Sp r ea d s Trans o a n ct b io it n co s i p n reads on Bi t c ra o n in sa tr c a ti n o s n a s ctions T r a n s a c t i o n F ee s – A T M , I i n nt te e r r n n a a t t i io on n a a l l , , I in n s s t t a a n n t t T t r r a a n n s s f f e e r r s s & & b B i i t t c c o o i i n n E E x x p p a a n n d d e e d d C C re re d d it it O o ffe fe r r in in g g s s w w it it h h i n t i e n r t e s r e t s & t a B n T d C a a p p p p re re c c ia ia ti t o io n n s s h h a a re re s s Pre In m su iu r m an s c o e n P r e A m s i s u e m t s s u o n n d e a r ss ets und cu e s r t c o u d s y tody B u s i n e s s A cc o u n t s w i t h a cc e s s t o a ll e x i s t i n g p r o d u c t l i n e s S S u ub b s sc c r r i ip pt t i i o o n n P p l l a a n n s s 1) “Satsflow” measures the incremental amount of bitcoin generated through our corporate activities. “Sats,” or “Satoshis,” represent the smallest unit of bitcoin, with each b i t co i n cons i s t i n g o f 100 , 000 , 00 0 s a t o s h i s for p rem i u m f e a t u r e s & s e r v i c e s S a t sflo w 1 Eng i ne

Bi t coin as a T reas ury Reser v e A s s et Fold has Amassed 1,000+ Bitcoin in Our Corporate Treasury F ol d is t r ackin g t o b e t h e fi r st p u b l i c l y t r a d e d pur e pl a y bi t coi n fina n ci a l servic e s company 1) Yahoo Finance, Top 20 companies with the most cash reserves, 02.16.2024 2) Per bitcoin whitepaper the total supply of bitcoin is limited to 21 million and per Certified EO there are 33 million total U.S co mpanies. The total number of companies that can own 1K bitcoin would be (21 million / 1000) / 33 million or <0.1% of total U.S companies 3) B i t co i n h o l d i n g s a s o f 10 . 03 . 2024 4) M a r k et d a t a a s o f 10 . 03 . 2024 15 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Bi t c oi n i s a n A d d itiona l L e v er t o A c c rue V alue x US public companies have $6.9 trillion in cas h r ese r v e s 1 . Y et only < 0 .1% of US companies can own 1K+ bitcoin on balance sheet due to supply limitations 2 x Fold plans to be the first public company t o d e bu t wit h 1 , 00 0 + bi tcoin t r e asu r y 3 x MicroStrategy is up 1,000%+ over last 5 years, outperforming bitcoin by ~ 1.6x 4

16 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Cus t omer B e ne fi t s Expanding Access to Wealth Creation for F old ' s Cust ome r s 50% o f Ame ri c a n s h a v e n o s a ving s or l e s s s a vin g s t h a n p r io r y e a r s . 1 F o ld democratizes wealth creation by aiming to make bitcoin accessible to everyone. Since Q3’19, our bitcoin rewards have outpaced inflation and typical credit card perks 64 % o f Ame ri c a n s b eli e v e t he Ame r ic a n D r e a m is n o lon g er p o s s ibl e . 2 E v er y pu r c has e em p o w er s c u s t o m er s t o take ownership of their financial future and reinvigorate the American dream 5 4 % o f bit coin e c o s y s t em is p o w e r e d by renewable energy sources . 3 Fold seeks t o b e a fi n t e c h l e a de r by s p e a r h e a di n g eff o r t s in cl e a n ene r g y a do p t i o n wit h i n t he bitcoin ecosystem 1) Na s d a q , Ame r i c an s D o No t H a ve En o ug h Sa v i n g s , 01 . 02 . 2023 2) Wall Street Journal, Voters See American Dream Slipping Out of Reach, WSJ/NORC Poll Shows, 11.24.2023 3) Yahoo Finance, Bitcoin mining’s green mile, 01.18.2024 4) Graph shows relative value of cash rewards vs bitcoin rewards using the aggregate Fold rewards as a case study. Data as of 07.17.2024 Q3 20 1 9 $20.1M 20 2 0 20 2 1 20 2 2 20 2 3 20 2 4 C a s h V a l u e o f R e w a r d s B T C V a l u e o f R e w a r d s $43.5M 116%+ V alue o f F ol d ’ s Bi t coin R e w a r d s Co m p a r e d t o Ca s h R e w a r d s 4 Commentary

17 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Fina n cials Our Model Powers Our Earnings Generation Formula Opportunity Customers ARPU 1 C o s t s R a p i d ly G r o w i ng Base A v e r ag e R e v en u e P er Customer L o w - C o st O p e r ati n g Platform F o l d ’ s E ar n i ng Power 1) ARPU is defined as Total Revenue over a period divided by Total Active Accounts

18 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 2) BusinessofApps, Coinbase Revenue and Usage Statistics (2024), 07.09.2024 3 ) F a cts et d a t a a s o f D e cem b e r 3 1 s t o f e a ch y e a r E O P Pri c e Cha n g e % 3 E O P U s e r G r o w t h % Year 1 94.3% 49.5% 2019 305.1% 196.9% 2020 59.8% 84.5% 2021 (64.2%) 10.7% 2022 153.0% 5.9% 2023 Fina n cials F old Ex p e c t s U ser G r o w t h t o I nc re a s e o v er 20 2 4 & 2 025 , i n Lin e wi t h t h e Bi t coin H alving C y cle Commentary 1 • Bitcoin halvings are reoccurring e v e n t s t h a t t a k e pl a c e e v er y f o ur y e a r s & cu t t h e r e w a r d for bitcoin minin g i n h a lf • H a lvin g s a r e a i m e d a t coun t e r a ct ing in f l a tion by m a i n t a i n i n g s c a r ci t y in s upply & in c e n t i vi z i n g m i n er s t o k e ep processing bitcoin transactions • Bas e d o n t h e hi s to r i c a l e x p a nsio n o f F o ld ’ s u s er b a s e 2020 - 2021 , halvi ng e v e n t s a r e gene r a lly bull i s h f o r bi t c o in & bi t c o in - b a s e d pla t f o r ms • Whil e the r e a r e m a n y o the r f a c t o r s i n flue n c i n g bi t c o i n ’ s p r i c e & v o lume, F o ld e x p e c t s t he m o s t r e ce nt halvi ng f r o m Apri l 20 2 4 t o d r i v e s t r ong use r & net w o r k g r o w t h in t h e g o f o r w a r d I mp r o v e d g r o w t h com p a r e d t o p r i o r p e r i o d 1) Forbes, Bitcoin Halving: How It Works And Why It Matters, 04.20.2024 B i t co i n h a l v i n g y e a r

19 1) Rewards Accounts are defined as Fold customers that have earned bitcoin rewards on our platform 2) Verified Accounts represent users who have gone through Know Your Customer (“KYC”) verification to participate in our banking and exchange products 3) Premium customers including subscribers to Fold+ 4) Customer LTV calculated in accordance with the following formula for each product within a given customer segment and aggregated across all products for such customer segment): LTV = Avg. ticket size x Avg. # of transactions per month x gross margin % x retention period, calculated based on gross revenues. Retention period derived from Company’s historical data generally. All other factors in formula derived from the Company’s data with respect to the 6 - month period ended 6.30.2024 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 5) CAC includes sign - up bonuses and traditional marketing / ads Financials Cu s t omer A cquisition F un n el Al l Cus t o m er s R e w a r ds A cc ou n t s 1 V e r ifi e d A cc ou n t s 2 Premium Cus t o m er s 3 13x C u s t o m er L T V / C A C 4 , 5 2 6x Cus t o m e r L T V / C A C 4 , 5 3 7x Cus t o m e r L T V / C A C 4 , 5 • F o ld ’ s 5 7 5K+ a c c ount s p r ov id e a n o p p o r t u n i t y t o d r i v e s ig n if i c a n t customer expansion • A s c u s t o m er s m o v e d o w n t h e fun nel t o t h e p r emi u m c a t e g o r y , t he ir L T V / C A C h a s t h e p o t ential t o inc r e a s e exponentially • F o ld ’ s p r e m iu m c u s t ome r s gene r a t e hi g h m a r gi n r e c u r r ing r e v enue through Fold’s monthly and annual subscription offerings • P r em i u m c u s t o m er s ha v e t he lo n gest a v er a g e l i f e t ime o n t h e pl a t f o r m (~23 mon t h s ) whi c h w e e x p e c t t o i n c r e a s e in the future • W e b eli e v e F o ld ’ s industry l e a ding LTV / CAC will support the acquisition of new accounts at a cost - effective r a t e t o d r i v e s u b s t a n t ial u s er g r o wth Commentary

20 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc $28.9M $21.5M $24.0M $61.6M 20 2 2 20 2 3 20 2 4 1 20 2 5 1 Fina n cials Top Line Financial Profile R e v en u e ( $ M ) Commentary • O v er t h e p a s t 2 y e a r s , F o ld has u n de r t a k en o ne - t ime s t r a t e gi c c h a nges in s a les c hannels , c u s t o d y p a r t ner ( s ) & m a r k e t i n g eff o r t s t o d r i v e long e r - t e r m r e v enue & g r o s s m a r gi n imp r o v e m en t s • Historically, Fold’s traditional m a r k e t i n g s p end ha s b e en ~ 5 % o f operating budget on average. Since we ha v e b e en f o c u s e d o n cr e a tin g l e a ding f ina n c i a l p r o duc t s for c u s t ome r s , w e e x p e c t t o a lloc a t e 25 % + o f o ur operating budget in 2025E towards m a r k e t i n g & c u s t o mer a c qu i s i t i o n 1 • W e b eli e v e Bit coin a p p r e ci a tion & a do p tion w i ll co n t inue t o sup p ort Fold’s platform growth in the future • N e w p r o duc t s s u c h a s c re di t ca r ds , i n s u r a nc e a n d yiel d o n a ss e t s u nder c u s t o d y a r e e x p e c t e d t o unl o ck o p p o r tu n it i es for cr o s s s elling Avg. ’22 - ’24 Marketing Spend: ~$330K ~12X M a r k e t ing Budg e t : $3M 1) This is a goal and is forward - looking. Actual results will vary, and those variations may be material. Nothing in this presentation should be regarded as a representation by any person that this goal will be achieved, and the Company undertakes no duty to update its goals ~2 9 % 2022 – 2025 E R e v e n u e C A GR

21 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc 96% 4% 5 4 % 43% 3% Fina n cials Di v e r sifying R e v enue St r e ams B anki n g & P a y m e n t s: x E x pec t e d g r e a t e r mar k e t penetration x Ne w cus t ome r a c q ui s it ion t hrou g h h i g h e r mar k e ti n g spend x M i n i m i z e d e p e n d e n ce on g ro w t h s ol e ly thr ou g h n e w products x N e w prod u c ts s uch a s Bill Pa y , J oin t a c c ount s & Business Accounts Cus t o d y & T r adi n g : x G r o w i n g a ss e t s und e r cus t ody x G r e a t e r monetiza b l e v o l u m e s x U n l o ck non - c a rdholde rs x E x pe c t e d g e o g ra p hic e x pansio n x N e w m o n e ti z ati o n a v e nu e s s uch a s r e v e nue s h a r e o n A U C & premium s o n in suranc e C r e d i t & L oans: x New credit card product is expected to launch in 2025 x Stro n g i nt e r e s t from e x i s t ing u s er b a s e x High potential to cross sell with Fold’s 65K+ debit card holders Ban king & Pay ment s C u stody & Tr ad in g Cre d i t & Loa n s 1) This is a goal and is forward - looking. Actual results will vary, and those variations may be material. Nothing in this presentation should be regarded as a representation by any person that this goal will be achieved, and the Company undertakes no duty to update its goals $24.0M 202 4 E R e v e nu e 1 $61.6M 2 0 2 5 E Re v e n u e 1

23 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Cus t omer P r o file F old A tt r ac t s High V alue & D i v e r se Cu s t ome r s 8% 15% 28% 14% 23% 13% H ous ehold Inco m e 1 $0 - $49,999 $50,000 - $89,999 $90,000 - $149,999 $200,000+ P r efer no t t o A n s wer $220K H ou s e hol d I ncom e C ustomer H i g hl i g ht s 795 Cred i t S cor e 40 Age $1.2M N e t W o r th Alex Sm i t h Alex is a tech - savvy professional with a strong interest in financial independence and innovative technologies. With a stable career in software engineering, Alex has always been on the lookout for ways to optimize personal finances and explore new investment opportunities. Two years ago, Alex upgraded to Fold’s premium services to gain access to advanced financial tools and resources. • Achieve financial independence by the age of 45 • Diversify investment portfolio with a focus on digital assets like Bitcoin • Utilize Fold’s services to make informed investment decisions and optimize returns Financ ia l G o als Bio “Fold has become the best place to buy Bitcoin. You can al s o e arn s a t s o n e a c h p u r c h a s e . N o t t o m e n t i o n all t h e new gift card merchants they’ve added. Definitely worth c h e c king o u t if y o u like s t a c king . ” - T e st i m o n i al f r om one of F ol d ’ s r e al c u s t om e r s 40% 28% 16% 55+ 18 - 24 1% 15% 35 - 44 25 - 34 45 - 54 $150,000 - $199,999 Age 1 11% 22% 75 0 - 85 0 59% 700 - 750 640 - 700 580 - 640 300 - 580 1% 5% C r e d i t S c or e 1 I l l u st r ati ve C u stom e r P r o fi l e $600K B i tcoi n H old i n g s 1) Based on historical company data & customer surveys from 2022 – 2024

24 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Management Team Visionary Leadership for Fold’s Next Growth Phase Sea n M cGow a n Controller • CPA with 10+ years experience in public and private accounting & finance roles • Supported Robinhood through its IPO as an accounting manager • Spent 5 years at PwC working on publicly traded Fortune 500 clients To m D i c k m an CTO • Deep technical background that spans across industries and verticals • Worked in software engineering roles at both RetailMeNot & Northrop Grumman N i k ki G o n c l a ves V P o f R i sk and C o m p l i anc e • 10+ years of experience in Fraud & Risk and Compliance across TradFi and DeFi • B u i l t o u t g l o bal G R C p o l i c i e s a n d p ro ce d u r e s f o r M e tallicus Will Reeves C E O & C o - Fo un d e r • Extensive background across payments, blockchain & venture • Previously, Head of Payments at Thesis & a Venture Lead at A3 Ventures A mm a a ra h K han S e n i o r P r o d u ct M anager • Served as a product manager at J.P Morgan & Notables – a white label NFT marketplace • Facilitated Goldman Sachs branching into consumer business via Marcus Wo l f e R ep ass V P o f Fi n anc e • CPA with 15+ years experience in public and private accounting & finance roles • Spent 10 years at PwC focused on Fortune 250 SEC filers • E s t a b lis h e d a ll f in a nc e a n d a ccoun t i n g p roce s s e s a t Fold

5) 1/3rd of Sponsor Shares are locked up until earlier of $12.00 or 6 months; 1/3rd of Sponsor Shares are locked up until earlier of $15.00 or 2 years; 1/3 rd of Sponsor Shares are locked up until earlier of $17.00 or 10 years. For all tranches, the applicable 30 - day trading period must end at least 90 days following the closing 6) Reflects sponsor shares allocated to certain SPAC investors in September 2023 and January 2024 to extend the lifespan of the SPAC 7) The transaction contains an adjustment in respect of BTC price movement, generally as follows: If the 60 - day VWAP of Bitcoin as of the day immediately prior to the Closing Date is equal to or greater than $90,000, the pre - money equity value shall be increased by an amount equal to: (A) (1) 20% multiplied by (2) the product of (x) 1001 (representing the number of bitcoins in treasury at signing) multiplied by (y) the 60 - day VWAP of Bitcoin immediately prior to Closing, less (B) an amount equal (x) 1001 multiplied by (y) the 60 - day VWAP of Bitcoin immediately prior to signing. Such adjustment (i) is subject to a cap on the total amount of the adjustment and (ii) subject to adjustment in the event any treasury BTC are sold between signing and closing 25 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Illustrative T r a n sa ction S ummary $M Capitalization $493.8 Impl i e d M ar k et Capi t a l i z a t io n 1 (112.5) ( - ) N e t Cash / Bi t c o in $381.3 E n t er p rise V a l ue K e y H ig h lig h t s • $381 M + e n t e rprise v alu e 7 • Implied pre - money equity value of $365M 7 • I m p li e d p r o f o rm a e q u i t y v alue o f $494 M • ~ $113 M o f c as h h e ld o n t h e p r o f o rm a b alan c e sh e et • Including $80M held as bitcoin on the pro forma balance sheet at close • Fold shareholders are rolling 100% of their equity and will own ~71.2% of the combined company P r o F o r m a V a lu a tio n 7 $M Sources $365 F o ld R o ll ov e r E qu i t y 20 Cash in T rus t 2 25 PIPE 3 $410 T o t al Sou r ces S ou r c e s a n d U s e s $M Uses $365 E qu i t y t o F o ld Sha r eho l de r s 32.5 Cash t o B alan ce Shee t 12.5 T r an sa c t i o n Ex pen s e s 4 $410 T o t al U s e s P r o F o r m a O wne r s h i p 2,3 F o ld Ro ll o v er E q u i t y PIPE P u b lic S h ar e h o l d e r s Sponsor Shares 5 P ri v a t e P la c e m e n t S h ar e s E x t e n sion S h ar e s 6 1) Implied market capitalization and pro forma ownership are based on $10.72 per share. Actual per share price to be based on redemption value in final S - 4. Includes 3,545,094 million founder shares and 976,081 private placement shares. Excludes the 1,772,547 founder shares that are locked up until the earlier of 90 days following closing or stock price closing above $17.00, for 20 out of 30 consecutive trading days during the 10 years following closing. Excludes the dilutive impact of warrants, management equity plan and employee stock purchase plan. 2) Assumes 60% redemptions from ~$50M cash in trust. SPAC cash amount subject to change depending on actual redemption levels and interest earned in trust 3) Assumes $25M PIPE raised at $10.72 estimated share price 4) Reflects an estimate of transaction expenses; actual transaction expenses may vary 71.2% 11.1% 3.9% 4.9% 2.0% 6.9%

26 Strictly Private & Confidential. Do Not Distribute. © Fold, Inc T r ans f erring W e al t h Fi r st M o v e r A d v a n t a g e De p t h o f T e c h nol o gy x F old ’ s bi t coi n - li n ke d fi n a n ci a l se r vic e s ar e creating an ecosystem where customers can integrate bitcoin into their daily lives, e n a b l i n g w e al t h gene r ation p o t en ti a l throu g h e v e r y d a y t ra n sa c t ions x Dem o c r atizing fi n a n c e b y all o wi ng c us t om e r s f r om a ll b a c k g r o u n d s t o a c cu m u l a t e digi t a l asse t s with o u t the n ee d f or l a r g e i n v es tm en t s x F old ’ s o ff erings c o n t r a s t s t o the c a p i t al - in t en si v e m i nin g b us in esse s a nd the f e e - h e a v y E T F m o de ls; p r o vidi n g a dif f eren ti a t e d a p p r o a c h f or i n v es t o r s t o g a in B T C e x p osur e in the publi c m a r k e t s x F o ld is t r a ckin g t o b e th e f i r s t publicly traded pure play bitcoin financial services company x P r o p ri e ta ry d at a o n c u s t o mer spending, saving, investing & borrowing t r ends t h at c an b e l e v e r a g e d f o r penetration within existing base x D e ep r el a tion s hi p s wi t h p ar tne r s , c u s t o me r s , & ind u st ry p ar t i c i p a n t s while building a brand name in the bitcoin market x As a bitcoin - native specialty finance co m p a n y , F o ld ’ s p r o du c t s a r e buil t on bitcoin, for bitcoiners & by bitcoiners x Uniq u e p r o duct o ff e r in g c a t e r e d t o F o ld ’ s h i ghl y enga g e d c u s t o mer b a s e x A r obust pipeline o f f u t u r e opportunities with potential for cross - selling Conclusion Fold Believes it has a Sustainable Competitive Advantage 1 2 3

Strictly Private & Confidential. Do Not Distribute. © Fold, Inc Fold is a leading bitcoin financial services company dedicated to expanding access to bitcoin investment opportunities through premium financial products. By integrating bitcoin into everyday financial services, Fold aims to make the American Dream available to more people f o l d a p p . com

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