Overview

• The facility grants Fold the discretionary right to sell up to $250 million in newly issued common shares without obligation to draw funds.
• Fold plans to use net proceeds from any drawdowns to purchase additional bitcoin for its corporate treasury.
• The company currently holds over 1,490 BTC in its treasury, positioning it among public firms accumulating digital assets.
• Offerings under the facility will be executed via a private placement under Securities Act exemptions and will depend on an SEC registration statement for resale.
• Cohen & Company Capital Markets served as the exclusive placement agent for the establishment of the facility.