Deep-Dive Due Diligence AI Generated Probe of Fold Holdings, Inc. Class A Common Stock (FLD)

Welcome to ScanScor. What you're reading is not just a stock summary -- it's a real-time, AI-generated due diligence session crafted from live news, financial data, insider trading activity, SEC filings, and live market momentum.

These auto-generated reports apply OpenAI's GPT-based analysis engine, guided by tightly structured prompts and expert-level data ingestion. Every insight below was assembled to help you understand the forces behind today's market movers.

Disclaimer: This report is for informational purposes only. It does not constitute financial advice. Always do your own research before making any investment.

Market Score
  15
Price Target
  $2.95
Squeeze Score
  20
Stock Type
  Speculative
Sentiment
  Bearish
Primary Catalyst
  Earnings report
Ethical Rating
  C
Tags
  merger, high volatility, financial distress

Fold Experiences Steep Declines, Merger Adjustments Impact

Summary: Fold Holdings, Inc. (FLD) is experiencing significant financial distress with a sharp decline in performance metrics over recent months. The stock has seen substantial negative returns across different periods, highlighting instability and potential investor concern. Recent insider transactions relate primarily to a merger, not direct open market purchases or sales, suggesting a lack of strong insider confidence in immediate stock performance.

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Booyah, my friends! It's already 7:37:55 PM on Wed Apr 16, 2025 -0400, and I've got my eyes locked on Fold (FLD), pushing up to 3.3700 from 2.9000. Are we in for a serious bull run, or is this just hype? I've pulled the data—let's break it down!

--- COMPANY PROFILE ---
Company: Fold (FLD)
IPO: 2025-02-19 (1 Month Ago)
Market Cap: $253,668,819
Shares Outstanding: 46,140,000
Industry: FINANCE SERVICES
Exchange: XNAS
Description: Fold Holdings Inc is a bitcoin financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial products. Its financial services platform that allows customers to earn, accumulate, and utilize bitcoin in their everyday life.

Here’s a list of headlines for Fold:

Apr-10-25 01:08PM - Exec Edge Launches Research Coverage with Initiation Notes on FLD, CLYM, STKS, REX
Mar-09-25 05:58PM - Why Fold Holdings, Inc. Class A Common Stock (FLD) Soared Last Week
Mar-07-25 08:00AM - Fold Adds 475 Bitcoin to Treasury, Securing Top 10 Position Among U.S. Public Bitcoin Treasuries
Mar-04-25 10:37AM - Tap Into the Burgeoning Bitcoin Economy with Fold Holdings Initiation Report
Feb-26-25 08:30AM - Fold Expands Bitcoin Treasury with Additional BTC Purchase

Prior AI Reports for FLD:
1. 2025-03-21 – Score: 30 – Target: 8.4200 – Highs: 8.5000 / 8.4800 / 8.24
fold-holdings-restructuring-amidst-market-turbulence-a-rocky-road-ahead

(Note: Highs = Same day / 2nd day / 3rd day)

Here's another list of headlines with menu handles.
I will deliver the full text of the following stories when you say their handle.
Just say, for example, B1, B2, etc.

B1 - 2024-09-27T16:33:00Z - IBN Recaps Record Attendance at Blockchain Futurist Conference; Acquisition and Expansion by Emerald Announced

==============
-> THE ROLE FOR AI:
==============

1) You are the **AI analyst-investigator**, and this interaction represents a full **due diligence session** for Fold (FLD).
Due diligence includes financial data, insider trading, relevant news, and any SEC filings — and may extend beyond classic fundamentals.
Your task is to identify whether this stock has momentum and potential.

2) I am **ScanScor**, a unified report generator that archives this session as part of our real-time diligence record.

3) You will request information by referencing documents by their code.

4) As the analysis proceeds, your are encouraged to review documents until you feel confident in your judgment.
After seeing 3 sets of news articles, SEC docs, and financials, you'll be prompted to return some data pairs.

5) News articles, SEC filings, and key metrics will be revealed in subsequent prompts.

Stay focused. Gather evidence. Continue until your conclusions are clear.
Restrict all your responses to just 3 tokens until the summary and data pairs at the end.

NEXT: Request a document with its reference code(s), such as:
- `B1`, `B2`, `B3`, etc.
- To load a new set of information and menu options, reply with: `NEX`

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NEX

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We present this news so you can catch the big movers from recently breaking news.
Here's a list of news articles you can literally read just by asking.
Usually the first item is the most important.

A1 - 2025-04-11T13:31:51Z - FLD stock touches 52-week low at $3.65 amid market challenges By Investing.com...
A2 - 2025-04-11T13:32:08Z - FLD stock touches 52-week low at $3.65 amid market challenges By Investing.com...
A3 - 2025-04-10T17:08:12Z - Exec Edge Launches Research Coverage with Initiation Notes on FLD, CLYM, STKS, REX...
A4 - 2025-04-09T19:39:16Z - Why are MSTR, COIN, MARA Soaring Wednesday?...
A5 - 2025-04-03T19:50:07Z - FLD Stock Hits 52-Week Low at $5.05 Amid Market Challenges By Investing.com...

Request an article by its reference number. (Ex., "A1" gets the first item)
You may also say NEX to go to the next listing.
Response to this prompt limited to 3 chars.

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A1

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Showing A1 (chunk 1 of 4): A1:
**FLD stock touches 52-week low at $3.65 amid market challenges By Investing.com**Date: 2025-04-11Source: {'uri': 'investing.com', 'dataType': 'news', 'title': 'Investing.com'}URL: https://www.investing.com/news/company-news/fld-stock-touches-52week-low-at-365-amid-market-challenges-93CH-3981592Fold Holdings (FLD) stock has hit a 52-week low, trading at $3.65, with a market capitalization of $187.6 million, as investors navigate through a turbulent market environment. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment. The company, listed on the NASDAQ, has seen a significant downturn over the past year, with its stock price plummeting by 62.26% from the previous year's valuation. This sharp decline reflects investor sentiment and broader market trends that have impacted the stock's performance. InvestingPro data reveals c

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

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MOR

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Showing A1 (chunk 2 of 4): oncerning metrics, including a weak financial health score of 0.68 and a current ratio of just 0.1, indicating potential liquidity challenges. Fold Holdings, which has struggled to maintain its market position, is now grappling with the consequences of this sustained downward trajectory, marking a challenging phase for the company's financial outlook. InvestingPro has identified multiple risk factors, including weak gross profit margins and short-term obligations exceeding liquid assets. Subscribers can access 7 additional key insights about FLD's performance and prospects.

In other recent news, Fold Holdings, Inc. has made significant financial maneuvers involving bitcoin and convertible notes. The company issued a convertible note valued at approximately $46.3 million, secured with 500 bitcoins as collateral, which can be converted into about 3.7 million shares of Fold's common stock

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

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MOR

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Showing A1 (chunk 3 of 4): at $12.50 per share. This move is part of a broader strategy that saw Fold increase its bitcoin holdings by 475 BTC, propelling it into the top ten U.S. public companies with substantial bitcoin reserves. Additionally, Fold acquired another 10 bitcoins at an average price of $87,500 each, further solidifying its commitment to bitcoin as a primary reserve asset.

Fold's board of directors approved these strategic financial decisions, with one member recusing himself due to a conflict of interest. Analysts have noted that the convertible note has a conversion price significantly higher than Fold's recent stock price, indicating a strong belief in the company's future. The company has also granted registration rights for conversion shares and shares underlying the warrant issued with the note. These recent developments underscore Fold's strategy to align with a bitcoin-powered financial fut

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

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MOR

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Showing A1 (chunk 4 of 4): ure, as noted by its CEO, Will Reeves.

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
- `NEX` to move to the next set of documents
- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

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`NEX`

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This is our list of SEC filings.
If empty, the search returned no recent filings.

S1 - 2025-03-28 10-K ITEM 7. MGT DISC & ANALYSIS OF FIN COND & RESULTS OF OPER

The following discussion and analysis of the Companys financial condition and results of operations should be read in conjunction with our audited financial statements and the notes re...

S2 - 2025-03-12 8-K Item 1.01 Entry into a Material Definitive Agrmt.

Convertible Note

As previously announced, on March 6, 2025, Fold Holdings, Inc. (the Company or Fold) entered into a securities purchase agreement (the Securities Purchase Agrmt) with SATS Credit Fund LP (the Investor)...

S4 - 2025-03-12 8-K Item 1.01 Entry into a Material Definitive Agrmt.

Convertible Note

As previously announced, on March 6, 2025, Fold Holdings, Inc. (the Company or Fold) entered into a securities purchase agreement (the Securities Purchase Agrmt) with SATS Credit Fund LP (the Investor)...

Request filing by its reference number. (Ex., "S1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.

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S1

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Showing S1 (chunk 1 of 6): S1:
ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of the Companys financial condition and results of operations should be read in conjunction with our audited financial statements and the notes related thereto which are included in Item 8. Financial Statements and Supplementary Data of this Annual Report on Form 10-K. Certain information contained in the discussion and analysis set forth below includes forward-looking statements. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors, including those set forth under Cautionary Note Regarding Forward-Looking Statements, Item 1A. Risk Factors and elsewhere in this Annual Report on Form 10-K.

Overview

We are a blank check company incorporated in Delaware on February 19, 2021, and

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
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MOR

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Showing S1 (chunk 2 of 6): formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target businesses, which we refer to herein as our Business Combination.

Recent Developments

On September 19, 2023, we held a special meeting of our stockholders (the Meeting) at which the Companys stockholders approved (A) an amendment (the Charter Amendment) to the Companys Second Amended and Restated Certificate of Incorporation to extend the date by which the Company has to consummate its initial business combination from September 20, 2023 to January 19, 2024 (or such earlier date as determined by the Companys Board of Directors); and (B) an amendment (the Trust Amendment) to the Companys Investment Management Trust Agreement dated December 15, 2021, with Continental Stock Transfer Trust Company, as trustee (as am

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
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**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

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MOR

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Showing S1 (chunk 3 of 6): ended, the Trust Agreement), to allow the trustee to liquidate the Trust Account at such time as may be determined by the Company as set forth in the Charter Amendment. In connection with the Meeting, the holders of 9,239,192 shares of redeemable Class A common stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.4762 per share, for an aggregate redemption amount of approximately $96,791,644. Following the redemptions, 15,630,150 shares of redeemable Class A common stock remained outstanding.

Between September 7 and 15, 2023, we entered into non-redemption agreements with unaffiliated third parties in exchange for each such party agreeing not to redeem public shares in connection with the Meeting. In exchange for the foregoing commitments not to redeem public shares, the Company agreed to issue or cause to be issued an aggregate of 1,610

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
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MOR

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Showing S1 (chunk 4 of 6): ,000 Class A Shares at the time of the Companys initial business combination. In addition, the Company agreed that it will not utilize any funds from the Trust Account to pay any potential excise taxes that may become due pursuant to the IR Act upon a redemption of public shares, including in connection with the Charter Amendment, an initial business combination or liquidation of the Company.

Following the Meeting on September 19, 2023, the Sponsor determined to convert all the outstanding shares of Class B common stock to shares of Class A common stock on a one-for-one basis (the Class B Conversion). Notwithstanding the Class B Conversion, the Sponsor, as well as the Companys officers and directors, will not be entitled to receive any funds held in the Trust Account with respect to any shares of Class A common stock issued to such holders as a result of the Class B Conversion, and no a

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MOR

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Showing S1 (chunk 5 of 6): dditional amounts will be deposited into the Trust Account in respect of shares of Class A common stock held by the Sponsor.

On January 19, 2024, we held a special meeting of our stockholders (the January Meeting) at which the Companys stockholders approved (A) an amendment (the January Charter Amendment) to the Companys Second Amended and Restated Certificate of Incorporation to extend the date by which the Company has to consummate its initial business combination from January 19, 2024 to December 20, 2024 (or such earlier date as determined by the Companys Board of Directors); and (B) an amendment (the January Trust Amendment) to the Trust Agreement to allow the trustee to liquidate the Trust Account at such time as may be determined by the Company as set forth in the January Charter Amendment. In connection with the January Meeting, the holders of 10,872,266 shares of redeemable Cla

Respond with ONLY ONE of the following (3 characters max):
- `MOR` to continue this item
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- `C2`, `S3`, etc. to request another document
**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

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MOR

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Showing S1 (chunk 6 of 6): ss A common stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.6224 per share, for an aggregate redemption amount of approximately $115,489,643. Following the redemptions, 4,757,884 shares of redeemable Class A common stock remained outstanding.

On January 17, 2024, we entered into non-redemption agreements with unaffiliated third parties in exchange for each such party agreeing not to redeem public shares in connection with the January Meeting. I...

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**DO NOT SUMMARIZE. DO NOT EXPLAIN.** Wait until all data is presented.

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MOR

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This is our set of metrics for Fold.
Please analyze the numbers.

+---------------------+-----------------------+------------------------+-------------------+
| Volume: 175,712 | Perf Month: -50.76% | Option/Short: No / Yes | Sales Y/Y TTM: - |
+---------------------+-----------------------+------------------------+-------------------+
| Avg Volume: 203.84K | Perf Quarter: -70.59% | Short Float: 1.17% | ROE: -1.83% |
+---------------------+-----------------------+------------------------+-------------------+
| Rel Volume: 0.86 | Index: - | Short Ratio: 1.25 | ROI: -4.35% |
+---------------------+-----------------------+------------------------+-------------------+
| RSI (14): 33.55 | Market Cap: 152.39M | Short Interest: 0.25M | Sales Surprise: - |
+---------------------+-----------------------+------------------------+-------------------+
| ATR (14): 0.87 | Shs Outstand: 46.89M | Beta: 0.30 | EPS Surprise: - |
+---------------------+-----------------------+------------------------+-------------------+
| SMA20: -39.41% | Shs Float: 21.79M | Sales Q/Q: - | P/E: - |
+---------------------+-----------------------+------------------------+-------------------+
| SMA50: -52.83% | Inst Own: 3.33% | Sales past 5Y: 0.00% | Earnings: Feb 26 |
+---------------------+-----------------------+------------------------+-------------------+
| SMA200: -67.32% | Insider Own: 53.52% | Employees: 28 | |
+---------------------+-----------------------+------------------------+-------------------+
| Perf Week: -24.07% | Insider Trans: 0.00% | Debt/Eq: 0.13 | |
+---------------------+-----------------------+------------------------+-------------------+

The next section covers any insider trading by Fold officers or majority shareholders (if available).

Inside Trans: Fold Holdings, Inc. (FLD) by Reeves William Brian Poppic (Chief Executive Officer) on 2025-02-14
- Common Stock: 2493156 shares at $N/A (D) Footnote: Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of July 24, 2024 (the "Merger Agreement"), by and among the Issuer (formerly FTAC Emerald Acquisition Corp.), FTAC EMLD Merger Sub Inc. and Fold, Inc. ("Legacy Fold"), pursuant to which each share of Legacy Fold common stock was automatically converted into the right to receive a number of shares of the Issuer's Common Stock based on the exchange ratio described in the Issuer's Registration Statement on Form S-4, as amended (Reg. No. 333-282520) (the "Registration Statement").
- Restricted Stock Units: 11513 shares at $N/A (D) Footnote: Represents securities received as part of the Merger Agreement, pursuant to which each outstanding Legacy Fold RSU Award was automatically converted into an award of restricted stock units covering a number of shares of the Issuer's Common Stock based on the exchange ratio described in the Registration Statement.
- Restricted Stock Units: 51582 shares at $N/A (D) Footnote: Represents securities received as part of the Merger Agreement, pursuant to which each outstanding Legacy Fold RSU Award was automatically converted into an award of restricted stock units covering a number of shares of the Issuer's Common Stock based on the exchange ratio described in the Registration Statement.
- Restricted Stock Units: 554317 shares at $N/A (D) Footnote: Represents securities received as part of the Merger Agreement, pursuant to which each outstanding Legacy Fold RSU Award was automatically converted into an award of restricted stock units covering a number of shares of the Issuer's Common Stock based on the exchange ratio described in the Registration Statement.

No transactions recorded.

No transactions recorded.

No transactions recorded.

No transactions recorded.

No transactions recorded.

Inside Trans: Fold Holdings, Inc. (FLD) by Kirkwood Jonathan (Unknown Title) on 2025-02-14
- Common Stock: 1682670 shares at $N/A (I) Footnote: Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of July 24, 2024 (the "Merger Agreement"), by and among the Issuer (formerly FTAC Emerald Acquisition Corp.), FTAC EMLD Merger Sub Inc. and Fold, Inc. ("Legacy Fold"), pursuant to which each share of Legacy Fold common stock was automatically converted into the right to receive a number of shares of the Issuer's Common Stock based on the exchange ratio described in the Issuer's Registration Statement on Form S-4, as amended (Reg. No. 333-282520) (the "Registration Statement").
- Common Stock: 3365299 shares at $N/A (I) Footnote: Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of July 24, 2024 (the "Merger Agreement"), by and among the Issuer (formerly FTAC Emerald Acquisition Corp.), FTAC EMLD Merger Sub Inc. and Fold, Inc. ("Legacy Fold"), pursuant to which each share of Legacy Fold common stock was automatically converted into the right to receive a number of shares of the Issuer's Common Stock based on the exchange ratio described in the Issuer's Registration Statement on Form S-4, as amended (Reg. No. 333-282520) (the "Registration Statement").

[Company Financial Summary]
[Company Details]
Name: N/A
Market Cap: N/A
Shares Outstanding: N/A
Sector: N/A

[Financial Statements - Latest Quarter]
Total Assets: N/A
Total Liabilities: N/A
Total Equity: N/A
Revenue (Quarter): N/A
Net Income: {'value': -397026, 'unit': 'USD', 'label': 'Net Income/Loss', 'order': 3200}
Earnings Per Share (EPS): N/A

[Price Metrics - Last 30 Days]
Latest Close: 3.25
Average Volume: 241452.3
30-Day High: 8.42
30-Day Low: 2.69

[Detailed Financials: Q3 2024]
- Total Assets: $52,156,156.0
- Total Liabilities: $7,561,868.0
- Total Equity: $-7,401,983.0
- Current Assets: $159,885
- Current Liabilities: $6,406,868.0

[Income Statement: Q3 2024]
- Revenue: N/A
- Net Income: N/A
- Gross Profit: N/A
- Operating Income: N/A
- Earnings Per Share (EPS): N/A

[Cash Flow Statement: Q3 2024]
- Net Cash Flow: $-88,767
==== END OF FINANCIAL REPORT ====

You are now requested to write a summary analysis of Fold (FLD).

Please complete the report using the exact format:
FIELD[value]

1) BRIEF_SUMMARY[]
One well-worded paragraph summarizing your findings about Fold.

2) MARKET_SCORE[]
This conversation was initiated because FLD is currently experiencing upward price and volume movement.
Estimate a number between 1–100 based on the likelihood of a continued upward price move for FLD.
Weigh relevant data — news, filings, fundamentals, and metrics — and assign appropriate weight.

3) PRICE_TARGET[]
Suggest a price, based on all prior evidence and past price behavior, FLD could reach in the current or upcoming trading sessions (1–5 days).
For example, if you expect FLD to increase 50% from its current price of $0.00, say: PRICE_TARGET[0.0]

4) AI_RPT_HEADLINE[]
Write a thought-provoking 8–12 word headline summarizing this report.

5) SQUEEZE_POTENTIAL[]
Give a score from 1 to 100 representing the potential for this stock to become an active short squeeze play.
Be honest and unbiased. Consider short interest/float, price movement, volume, news strength, and volatility potential.

6) TAGS[]
List 3–6 comma-separated tags (e.g., biotech, earnings beat, squeeze setup)

7) STOCK_TYPE[]
Choose the most accurate classification: growth, value, turnaround, hype, squeeze, dividend, speculative, or other.

8) PRIMARY_CATALYST[]
e.g., earnings report, FDA approval, partnership, etc.

9) SENTIMENT[]
bullish, bearish, neutral, or mixed

10) IMPROVEMENT_SUGGESTION[]
If you believe some key info was missing, state what would have significantly improved your analysis of Fold.

11) ETHICAL_RATING[]
Rate Fold’s alignment with long-term shareholder interests, using a letter grade from A (high alignment) to F (low alignment).
Base this on actions such as insider buying/selling, share dilution, follow-through on public statements, and compensation practices.

12) UPCOMING_CATALYST[]
Specify any upcoming events you expect would be a catalyst affecting the share-price of Fold.
Provide any reasons you can use to support it.

Return only: FIELD[value] for each of the above 12 questions.
Respond with all data pairs. Take your best guess if you have to, but don't leave blank items.
Do not explain your answers. Return only the required fields in the exact format shown.

Finally, thank you for participating!

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BRIEF_SUMMARY[Fold Holdings, Inc. (FLD) is experiencing significant financial distress with a sharp decline in performance metrics over recent months. The stock has seen substantial negative returns across different periods, highlighting instability and potential investor concern. Recent insider transactions relate primarily to a merger, not direct open market purchases or sales, suggesting a lack of strong insider confidence in immediate stock performance.]

MARKET_SCORE[15]

PRICE_TARGET[2.95]

AI_RPT_HEADLINE[Fold Experiences Steep Declines, Merger Adjustments Impact]

SQUEEZE_POTENTIAL[20]

TAGS[merger, high volatility, financial distress]

STOCK_TYPE[speculative]

PRIMARY_CATALYST[earnings report]

SENTIMENT[bearish]

IMPROVEMENT_SUGGESTION[More detailed current and forecasted financials would enhance the analysis.]

ETHICAL_RATING[C]

UPCOMING_CATALYST[Earnings report on February 26, likely to significantly affect stock price due to current financial instability.]

FLD_IN_29 [2025-04-16 19:38:17 -0400] 126 Bytes | 29 tokens | Cum: 6161 tkns (77.01% of 8k)
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[2025-04-16 19:38:17] # Analysis Completed
Elapsed Time: 22.29 seconds




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