Form 8-K
8-K — Fold Holdings, Inc.
Accession: 0001193125-26-344543
Filed: 2026-08-11
Period: 2026-08-11
CIK: 0001889123
SIC: 6199 (FINANCE SERVICES)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — fld-20260811.htm (Primary)
EX-99.1 (fld-ex99_1.htm)
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XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: fld-20260811.htm · Sequence: 1
8-K
0001889123false0001889123fld:CommonStockParValue0.0001PerShareMember2026-08-112026-08-110001889123fld:WarrantsEachWholeWarrantExercisableForOneShareOfCommonStockAtExercisePriceOf11.50PerShareMember2026-08-112026-08-1100018891232026-08-112026-08-11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 11, 2026
Fold Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-41168
86-2170416
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
2942 North 24th Street, Suite 115, #42035
Phoenix, Arizona
85016
(Address of principal executive offices)
(Zip Code)
(866) 365-3277
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, par value $0.0001 per share
FLD
Nasdaq Capital Market
Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share
FLDDW
Nasdaq Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On August 11, 2026, Fold Holdings, Inc. issued a press release announcing its financial and operational results for the second quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein in its entirety by reference.
Limitation on Incorporation by Reference. The information furnished in this Item 2.02, including the press release attached hereto as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as set forth by specific reference in such a filing.
Cautionary Note Regarding Forward-Looking Statements. Except for historical information contained in the press release attached as Exhibit 99.1 hereto, the press release contains forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release regarding these forward-looking statements.
Item 7.01. Regulation FD Disclosure.
The information set forth under Item 2.02 is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press Release of Fold Holdings, Inc., dated August 11, 2026.
104
Cover Page Interactive Data File (embedded within the inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Fold Holdings, Inc.
Date: August 11, 2026
By:
/s/ Will Reeves
Name:
Will Reeves
Title:
Chief Executive Officer
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Fold Holdings, Inc. (NASDAQ: FLD)
Announces Second Quarter 2026 Results
Revenues: $6.1 million
Eliminated $20 million of Secured Debt
Over 2,000 Fold Credit Cards Currently in Early Access; up over 100% from last quarter
Planned Expansion into Asset-Based Revenue Streams
PHOENIX, August 11, 2026 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”, “we”, or “our”), the first publicly traded bitcoin financial services company, today announced financial results for the second quarter ended June 30, 2026.
Q2 2026 Financial Highlights
●
Revenue: $6.1 million
●
Net Loss: ($9.7) million
●
Adjusted EBITDA2 (Loss): ($5.5) million
●
Loss Per Share: ($0.19) per share
●
Adjusted EBITDA (Loss) Per Share2: ($0.11) per share
●
Bitcoin Investment Treasury Holdings1: 194 BTC
Q2 2026 Key Operating Metrics
●
Total Transaction Volume: $165 million
●
Total Verified Accounts: more than 87,000; added over 1,000 new verified accounts in the quarter
CEO Commentary
“Fold enters the second half of the year with a stronger balance sheet, a growing Credit Card program, expanded banking and distribution capabilities, and much of the infrastructure needed to support our next generation of products,” said Fold Chairman and CEO Will Reeves. “Over the next few months, investors will begin to see these investments come together as we build toward our goal of becoming the most rewarding financial platform in America.”
Mr. Reeves continued, “Fold is evolving from a transaction business into a broader financial services platform. Going forward, we intend to not only be the place where customers spend, but also be the place where they hold and manage their assets. Through our own programs and our partnership with Lead Bank, we expect customer balances to generate recurring economics that can help fund richer rewards. The power of asset-driven revenues has been demonstrated across businesses from
Starbucks and Venmo, and we believe it can become an important part of Fold’s economic model.”
He added, “Our proprietary bank-grade core ledger and Lead Bank partnership provide the foundation for this strategy, while expanding our addressable market beyond bitcoin-native customers to anyone looking for a more rewarding way to manage their money. Our conviction in bitcoin remains unchanged, but the opportunity for Fold is becoming significantly larger.”
Mr. Reeves concluded, “Q2 remained challenging across the broader Bitcoin industry, with lower bitcoin prices pressuring transaction activity and consumer engagement. These are temporal challenges and do not reflect the underlying health and vitality of this industry. We believe Fold is entering its next chapter with a stronger business model, broader market and the foundation needed to pursue significantly greater scale.”
Strategic & Business Updates
Fold Credit Card
●
Currently in Early Access, with more than 2,000 cardholders as of August 11, 2026
●
Cardholders more than doubled from last quarter
●
Improved underwriting and operations ahead of broader rollout
●
Interchange and financing economics meeting or exceeding expectations
●
Positioned to become a customer acquisition engine
Platform Expansion
●
Working to expand into financial services designed to deepen customer relationships and grow assets held across Fold
●
Lead Bank partnership expands banking capabilities and enables Fold to participate in the economics of customer deposits
●
Bank-grade core ledger provides the foundation for Fold’s multi-asset financial platform
●
Customer balance economics expected to generate recurring revenues
●
Platform expansion expected to broaden Fold’s total addressable market ("TAM") beyond bitcoin-native customers
Bitcoin Gift Card
●
Expanded distribution through TikTok Shop, reaching millions of potential shoppers
●
Kroger renewed its commitment to the Fold program
Capital & Balance Sheet
●
Monetized a portion of the Company’s bitcoin treasury while maintaining a meaningful bitcoin position
●
Eliminated approximately $20 million of secured debt and approximately $145 thousand of monthly interest expense
●
Added approximately $25 million of unrestricted capital
Earnings Call and Webcast Information:
Fold will host a conference call at 5:00 p.m. Eastern Time today, which will include a brief discussion of results followed by a question-and-answer period. To participate in this event, please log on or dial in approximately 5 minutes before the beginning of the call.
Date: August 11, 2026
Time: 5:00 p.m. ET
Participant Call Links:
●
Live Webcast: Link
●
Dial-in Registration Link: Link
●
A replay of the call will be archived at https://investor.foldapp.com
Footnotes
1 Fold’s Bitcoin Investment Treasury was 194 BTC as of June 30, 2026.
2 Adjusted EBITDA and Adjusted EBITDA Per Share are financial measures not presented in accordance with generally accepted accounting principles (“GAAP”) (a “Non-GAAP Financial Measure”). Please see “Non-GAAP Financial Measures” at the end of this press release.
About Fold:
Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. Fold has built a financial services platform that operates across both U.S. dollars and bitcoin, and is designed to connect these systems in a seamless manner. Fold’s consumer offerings include an FDIC-insured checking account, a Visa debit card (the "Fold Debit Card"), a Visa credit card (the "Fold Credit Card"), bill payment services, a bitcoin gift card, and an extensive catalog of merchant reward offers. The Company also offers various forms of bitcoin buying and selling with low-to-zero fees and insured custody.
Forward-Looking Statements:
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of words such as “may,” “could,” “would,” “should,” “predict,” “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” or other similar expressions that predict or indicate future events or trends or
that are not statements of historical matters. These forward-looking statements include statements regarding the rollout, development and expected effect of Fold’s credit card program, gift card and other products, and the potential success of Fold’s overall market, product and growth strategies. These statements are based on assumptions and on the current expectations of Fold’s management and are not predictions of actual performance. Many actual events and circumstances are beyond the control of Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions, including but not limited to changes in the acceptance of bitcoin; (ii) our continued ability to implement business plans; (iii) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive industry in which Fold operates; (iv) volatility in the market price of bitcoin; (v) access to and reliance on funding for our products, including the credit card, and general operations; (vi) access to and reliance on third parties for their services related to certain of our products, including risks relating to Fold having a single custodian for our bitcoin; (vii) reliance on banking partners which are subject to complex and demanding regulations and compliance standards; and (viii) those risks and uncertainties discussed in Fold Holdings, Inc.’s filings with the Securities and Exchange Commission. If any of these risks materialize or Fold’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. While Fold may elect to update these forward-looking statements at some point in the future, Fold specifically disclaims any obligation to do so, except as required by law.
Fold Holdings, Inc. Condensed Balance Sheets (Unaudited)
June 30,
December 31,
2026
2025
Assets
Current assets
Cash and cash equivalents
$
28,386,785
$
7,652,203
Accounts receivable, net
614,801
728,001
Credit card receivable, net
2,753,588
-
Inventories
847,308
478,045
Digital assets - rewards treasury
4,504,290
6,872,869
Prepaid expenses and other current assets
1,913,981
2,384,684
Total current assets
39,020,753
18,115,802
Digital assets - investment treasury
11,356,023
133,658,791
Capitalized software development costs, net
1,986,251
1,393,752
Other non-current assets
131,770
299,309
Total assets
$
52,494,797
$
153,467,654
Liabilities and stockholders' equity
Current liabilities
Accounts payable
$
698,556
$
704,789
Accrued expenses and other current liabilities
1,992,004
3,166,186
Accrued legal settlement
1,374,828
-
February 2026 note - related party, net
12,446,041
-
Credit facility
-
10,000,000
Customer rewards liability
4,504,290
6,872,869
Deferred revenue
228,148
366,252
Total current liabilities
21,243,867
21,110,096
June 2025 convertible note, net
-
21,469,675
March 2025 convertible note - related party
-
47,207,556
Other non-current liabilities
-
689,680
Total liabilities
21,243,867
90,477,007
Commitments and contingencies (Note 12)
Stockholders’ equity
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2026 and 0 shares issued and outstanding at December 31, 2025
-
-
Common stock, $0.0001 par value; 600,000,000 shares authorized, 55,407,302 shares issued and 55,021,701 shares outstanding at June 30, 2026 and 48,477,883 shares issued and 48,419,266 shares outstanding at December 31, 2025
5,542
4,849
Additional paid-in-capital
241,003,835
233,924,782
Accumulated deficit
(209,758,447
)
(170,938,984
)
Total stockholders’ equity
31,250,930
62,990,647
Total liabilities and stockholders’ equity
$
52,494,797
$
153,467,654
Fold Holdings, Inc. Condensed Statements of Operations (Unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Revenues, net
$
6,089,909
$
8,175,926
$
11,682,218
$
15,263,763
Operating expenses
Banking and payments costs
5,108,245
7,682,621
9,914,619
14,441,545
Custody and trading costs
739,039
142,811
1,337,454
188,596
Compensation and benefits
3,790,067
3,676,657
7,824,334
10,134,597
Marketing expenses
728,338
620,923
996,446
1,020,721
Professional fees
1,255,832
1,270,345
2,923,246
3,058,850
Amortization expense
173,985
106,837
330,064
197,908
(Gain) loss on customer rewards liability
(745,598
)
2,071,505
(2,253,069
)
970,648
(Gain) loss on digital assets - rewards treasury
1,119,388
(2,334,677
)
2,808,843
(1,324,091
)
Other selling, general and administrative expenses
1,689,247
1,264,422
3,399,228
2,400,876
Total operating expenses
13,858,543
14,501,444
27,281,165
31,089,650
Operating loss
(7,768,634
)
(6,325,518
)
(15,598,947
)
(15,825,887
)
Other income (expense)
Gain (loss) on digital assets - investment treasury
105,167
36,582,224
(28,524,298
)
20,965,072
Change in fair value of SAFEs
-
-
-
(6,503,113
)
Change in fair value of convertible note
-
(5,309,608
)
13,200,089
(11,843,751
)
Convertible note issuance costs and fees
-
-
-
(9,569,109
)
Legal settlements
(1,374,828
)
-
(1,374,828
)
-
Loss on extinguishment of debt
-
(9,612,199
)
(4,005,132
)
(9,612,199
)
Interest expense
(921,881
)
(1,974,849
)
(3,195,709
)
(3,246,487
)
Other income
308,619
66,398
682,833
186,701
Other income (expense), net
(1,882,923
)
19,751,966
(23,217,045
)
(19,622,886
)
Net income (loss) before income taxes
(9,651,557
)
13,426,448
(38,815,992
)
(35,448,773
)
Income tax expense (benefit)
-
881
3,471
4,859
Net income (loss)
$
(9,651,557
)
$
13,425,567
$
(38,819,463
)
$
(35,453,632
)
Net income (loss) attributable to common stockholders:
Basic
$
(9,651,557
)
$
13,425,567
$
(38,819,463
)
$
(35,453,632
)
Diluted
$
(9,651,557
)
$
13,425,567
$
(38,819,463
)
$
(35,453,632
)
Net income (loss) per share attributable to common stockholders:
Basic
$
(0.19
)
$
0.29
$
(0.76
)
$
(0.98
)
Diluted
$
(0.19
)
$
0.28
$
(0.76
)
$
(0.98
)
Weighted-average shares used to compute net income (loss) per share:
Basic
51,825,321
46,503,358
50,746,857
36,062,784
Diluted
51,825,321
47,561,116
50,746,857
36,062,784
Fold Holdings, Inc. Condensed Statements of Cash Flows (Unaudited)
Six Months Ended June 30,
2026
2025
Cash flows from operating activities
Net loss
$
(38,819,463
)
$
(35,453,632
)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense
330,064
197,908
Loss (gain) on digital assets - rewards treasury
2,808,843
(1,324,091
)
Loss (gain) on digital assets - investment treasury
28,524,298
(20,965,072
)
(Gain) loss on customer rewards liability
(2,253,069
)
970,648
Change in fair value of convertible note
(13,200,089
)
11,843,751
Convertible note issuance costs and fees
-
9,569,109
Loss on extinguishment of debt
4,005,132
9,612,199
Amortization of debt issuance costs
6,638
112,187
Amortization of debt discount and premium
179,929
953,404
Change in fair value of SAFEs
-
6,503,113
Share-based compensation expense
3,353,459
6,895,480
Other non-cash adjustments
(551,717
)
-
Increase (decrease) in cash resulting from changes in:
Accounts receivable, net
113,200
(246,105
)
Credit card receivable, net
(2,753,588
)
-
Inventories
(369,263
)
(67,489
)
Prepaid expenses and other current assets
270,655
(603,030
)
Accounts payable
(6,233
)
195,286
Accrued expenses and other current liabilities
1,017,227
1,376,866
Accrued legal settlement
1,374,828
-
Customer rewards liability
753,528
1,318,429
Deferred revenue
(138,104
)
(133,156
)
Other non-current liabilities
(689,680
)
293,114
Net cash used in operating activities
(16,043,405
)
(8,951,081
)
Cash flows from investing activities
Purchases of digital assets
(1,748,759
)
(2,374,030
)
Proceeds from sales of digital assets
59,120,684
-
Payments for capitalized software development costs
(740,184
)
(434,820
)
Net cash provided by (used in) investing activities
56,631,741
(2,808,850
)
Cash flows from financing activities
Proceeds from issuance of note
13,000,000
-
Repayment of convertible note
(25,166,667
)
-
Proceeds from recapitalization
-
804,624
Payments of deferred IPO costs
-
(652,013
)
Payment of debt issuance costs
-
(113,320
)
Proceeds from issuance of common stock
3,262,213
-
Proceeds from credit facility
10,000,000
-
Repayment of credit facility
(20,000,000
)
-
Common stock withheld for employee tax obligations
(949,300
)
-
Net cash provided by (used in) financing activities
(19,853,754
)
39,291
Net increase (decrease) in cash and cash equivalents
20,734,582
(11,720,640
)
Cash and cash equivalents, beginning of period
7,652,203
18,330,359
Cash and cash equivalents, end of period
$
28,386,785
$
6,609,719
Non-cash investing and financing activities
Non-cash payment of interest with common stock
$
613,334
$
646,667
Distributions of digital assets to fulfill customer reward redemptions
869,038
1,489,430
Distributions of digital assets to satisfy other current obligations
1,089,777
46,955
Non-cash payment for intellectual property acquisition with common stock
182,379
Non-cash repayment of convertible note via transfer of digital assets - related party
34,007,466
Non-cash amortization of deferred issuance costs
167,539
Non-cash allocation of convertible note proceeds to embedded derivative
63,418
-
Non-cash allocation of note proceeds to commitment shares
785,200
-
Recapitalization
-
173,019,904
Proceeds from convertible debt received in digital assets - related party
-
43,965,525
Change in fair value of Series C Warrants included in loss on extinguishment
498,771
Distributions of digital assets for prepaid interest - related party
-
2,313,975
Supplemental disclosure of cash flow information
Cash paid during the period for interest expense
3,408,749
-
Non-GAAP Financial Measures
Adjusted EBITDA
In addition to net income (loss) and other results under GAAP, we utilize non-GAAP calculations of adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”) to monitor the financial health of our business. Adjusted EBITDA is defined as net loss, excluding (i) interest expense, (ii) provision for (benefit from) income taxes, (iii) depreciation and amortization, (iv) share-based compensation, (v) remeasurement gains and losses such as fair value remeasurements on our digital assets, convertible notes, and SAFE notes, (vi) impairments, restructuring charges, and business acquisition- or disposition-related expenses that we believe are not indicative of our core operating results, and (vii) legal settlement expenses associated with unusual or non-recurring litigation matters that we believe are not indicative of our core operating results. This non-GAAP financial information has limitations as an analytical tool when assessing our operating performance, is presented for supplemental informational purposes only, should not be considered in isolation or as a substitute for, or superior to, financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies.
The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature, or because the amount and timing of these items are unpredictable, are not driven by core results of operations, and/or render comparisons with prior periods and competitors less meaningful. We believe Adjusted EBITDA and Adjusted EBITDA per share provide useful information to investors and others in understanding and evaluating our results of core operations, as well as providing a useful measure for period-to-period comparisons of our business performance. Moreover, Adjusted EBITDA is a key measurement used by our management internally to make operating decisions, including those related to operating expenses, evaluate performance, and perform strategic planning and annual budgeting.
The following table presents a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure, net loss:
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Net income (loss)
$
(9,651,557
)
$
13,425,567
$
(38,819,463
)
$
(35,453,632
)
Add:
Interest expense
921,881
1,974,849
3,195,709
3,246,487
Income tax expense (benefit)
-
881
3,471
4,859
Amortization expense
173,985
106,837
330,064
197,908
Share-based compensation expense
1,656,693
1,725,205
3,366,106
6,895,480
(Gain) loss on customer rewards liability
(745,598
)
2,071,505
(2,253,069
)
970,648
(Gain) loss on digital assets - rewards treasury
1,119,388
(2,334,677
)
2,808,843
(1,324,091
)
(Gain) loss on digital assets - investment treasury
(105,167
)
(36,582,224
)
28,524,298
(20,965,072
)
Change in fair value of SAFEs
-
-
-
6,503,113
Change in fair value of other liabilities
(208,678
)
(551,717
)
Change in fair value of convertible note
-
5,309,608
(13,200,089
)
11,843,751
Convertible note issuance costs and fees
-
-
-
9,569,109
Legal settlements
1,374,828
-
1,374,828
-
Loss on extinguishment of debt
-
9,612,199
4,005,132
9,612,199
Adjusted EBITDA (loss)
$
(5,464,225
)
$
(4,690,250
)
$
(11,215,887
)
$
(8,899,241
)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Adjusted EBITDA (loss)
$
(5,464,225
)
$
(4,690,250
)
$
(11,215,887
)
$
(8,899,241
)
Weighted-average shares used to compute basic and diluted net loss per share
51,825,321
46,503,358
50,746,857
36,062,784
Adjusted EBITDA (loss) per share attributable to common stockholders:
Basic and diluted
$
(0.11
)
$
(0.10
)
$
(0.22
)
$
(0.25
)
For investor inquiries, please contact:
OG Advisory Group
Samir Jain, CFA
FoldIR@orangegroupadvisors.com
For media inquiries, please contact:
Confluence Partners, LLC
Cindy Stoller
Media@foldapp.com
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v3.26.1
Cover
Aug. 11, 2026
Document Type
8-K
Amendment Flag
false
Document Period End Date
Aug. 11, 2026
Entity File Number
001-41168
Entity Registrant Name
Fold Holdings, Inc.
Entity Central Index Key
0001889123
Entity Tax Identification Number
86-2170416
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
2942 North 24th Street
Entity Address, Address Line Two
Suite 115
Entity Address, Address Line Three
#42035
Entity Address, City or Town
Phoenix
Entity Address, State or Province
AZ
Entity Address, Postal Zip Code
85016
City Area Code
866
Local Phone Number
365-3277
Written Communications
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Soliciting Material
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Pre-commencement Tender Offer
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Pre-commencement Issuer Tender Offer
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Entity Emerging Growth Company
true
Elected Not To Use the Extended Transition Period
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Common stock, par value $0.0001 per share
Title of 12(b) Security
Common stock, par value $0.0001 per share
Trading Symbol
FLD
Security Exchange Name
NASDAQ
Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share
Title of 12(b) Security
Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share
Trading Symbol
FLDDW
Security Exchange Name
NASDAQ
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