Fold Holdings, Inc. · FLD · 8-K · Filed
Enters $25M Common Stock Purchase Agreement with Roth Principal Investments
FLD
8-K
Equity offerings
Source: SEC EDGAR, accession 0001193125-26-384299 · Items 1.01, 3.02, 9.01
What did Fold Holdings, Inc. announce?
Fold Holdings, Inc. entered into a Common Stock Purchase Agreement allowing it to sell up to $25 million of common stock to Roth Principal Investments.
Key details
- The company can sell up to $25,000,000 of newly issued common stock to Roth Principal Investments, LLC over a 36-month period.
- Sales are at the company's sole discretion and will be priced at a discount to VWAP (3.0% for Market Open/Intraday, 5.0% for Pre/Post-Market purchases).
- A 4.99% beneficial ownership limitation applies to Roth Principal Investments.
- The Exchange Cap limits sales to 19.99% of outstanding shares (10,942,804 shares) unless shareholder approval is obtained or the "At-Market Transaction" condition is met.
Why it matters
This 8-K reports an equity offering at Fold Holdings, Inc.. The likely share-price reaction reads as neutral.
Neutral