Fold Holdings is seeking approval for a Reverse Stock Split tied to Nasdaq’s $1.00 minimum bid requirement. The action would combine common shares uniformly without changing stockholders’ ownership percentages, apart from immaterial fractional-share adjustments, and is intended to support the company’s effort to regain compliance.

Key Highlights

  • Fold Holdings will hold a virtual stockholder meeting on October 22.
  • Authorized common stock would remain at 600,000,000 shares.
  • The common stock’s Par Value would remain $0.0001 per share.

Fold Holdings, Inc. (NASDAQ: FLD) is asking stockholders to approve a reverse stock split as it works to regain compliance with Nasdaq’s $1.00 minimum bid-price requirement. The proposed action would combine outstanding common shares uniformly, while preserving each holder’s ownership percentage apart from immaterial adjustments linked to fractional shares.

October 22 Vote Covers Reverse Split

The special meeting will be held virtually on October 22, with stockholders of record as of September 4 eligible to vote. The board recommends voting in favor of both measures. The proposed amendment would leave Fold Holdings’ authorized common stock at 600,000,000 shares and keep the common stock’s par value at $0.0001 per share. The board would retain discretion over whether to implement the reverse split and when to submit the amendment for effect.

Board Links Split to Nasdaq Compliance

Fold Holdings says the reverse split is intended to reduce the number of outstanding common shares and potentially increase the per-share trading price. All common-stock holders would be treated uniformly. If approved and pursued, the reverse split would take effect when the certificate amendment is filed with the Delaware Secretary of State. The meeting will be conducted through a live online webcast.