fold-investor-note-conv

Fold Holdings Inc.

Notes

Secured by 521 BTC collateral (300 by custodian + 221 in reserve)
Original conversion price $11.50; amended to $9.00 in June 2025
Eliminated Feb 2026 for ~$27.5M (principal + MOIC multiple)

Outstanding

$0.00

Issue date

2024-12-24

Principal

$20.00M

Coupon

12.00%

Maturity

2028-02-14

Conversion price

$9

Terms sources(2)

Form 8-K (ATW Note Amendment, $9.00 Conversion Price)
Amended terms
Fold Holdings Inc. — 2025-06-17
Source
Convertible Debt Elimination & Capital Restructuring
Elimination details
Fold Holdings Inc. — 2026-02-27
Source

Outstanding history(2)

As of	Outstanding	Kind	Locator	Source
2026-02-26	$0.00	REPORTED	—	Source
2024-12-24	$20.00M	REPORTED	—	Source

2026-02-26 — $0 — REPORTED
press_release — Fold Holdings Inc.
Source
2024-12-24 — $20,000,000 — REPORTED
press_release — Fold Holdings Inc.
Source