Fold Holdings Ends $250M Equity Facility, Schedules October 22 Vote on Reverse Split
FLD sits 32% above its 52-week low of $0.355 on light trading volume (0.1× avg).
Summary
Fold Holdings terminated its $250M equity purchase facility effective September 3, 2026, and set October 22, 2026 for a special shareholder meeting on the proposed reverse stock split.
Key Events · Financing and Capital Events · FLD
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$250M Equity Facility Terminated
Fold Holdings delivered written notice on August 27, 2026 to terminate its Equity Purchase Facility Agreement, effective September 3, 2026. The facility, originally dated June 16, 2025, allowed the company to draw up to $250 million in newly issued shares at its discretion.
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No Outstanding Advance Notices
As of the termination notice, there were no outstanding advance notices obligating the company to issue shares under the facility. No prepayment fees or penalties were incurred.
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Alternative Financing Sought
The company stated it terminated the facility to provide the option of alternative financing. The Registration Rights Agreement obligations will also terminate, except for any Registrable Securities still held by the investor.
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Special Meeting Set for October 22
The Board of Directors set October 22, 2026 as the date of a special shareholder meeting concerning matters previously disclosed in the August 7, 2026 preliminary proxy statement, including the proposed reverse stock split of up to 1-for-50. Record date is September 4, 2026.
Analysis · FLD · Crypto Assets
Fold Holdings is walking away from a $250 million equity purchase facility that has been in place since June 2025. The company says it terminated the facility to pursue alternative financing, and no prepayment penalties were incurred. This removes a potential source of future dilution but also eliminates a committed capital backstop at a time when the company is burning cash, trading below $1, and facing a Nasdaq delisting notice. The special shareholder meeting on October 22, 2026 will address the previously proposed reverse stock split of up to 1-for-50, which is the company's primary path to regaining Nasdaq compliance.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FLD was trading at $0.47 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $25.4M. The 52-week trading range was $0.36 to $4.70. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.