Fold Stockholders Approve Reverse Split of Up to 1-for-50

summarizeSummary

Fold stockholders approved a reverse stock split at a ratio of 1-for-2 to 1-for-50, with the Board retaining discretion over the exact ratio and timing. The vote clears the way to address the previously disclosed Nasdaq delisting notice.

check_boxKey Events · Corporate Governance and Compliance · FLD

• Reverse Split Approved by Stockholders

  At the October 22, 2026 special meeting, 43,129,193 votes were cast for the reverse split amendment versus 326,056 against and 14,125 abstentions, exceeding the two-thirds voting-power threshold.

• Board Holds Ratio and Timing Discretion

  The amendment permits a ratio between 1-for-2 and 1-for-50, with the Board deciding whether to proceed and the exact ratio and timing after stockholder approval.

• Adjournment Proposal Also Passed

  The proposal to adjourn the special meeting if needed to solicit additional votes passed 43,091,819 to 367,736, with 9,819 abstentions.

• Nasdaq Compliance Still Pending

  The split is aimed at addressing the Nasdaq delisting notice previously disclosed in the Q2 2026 filing; compliance depends on the Board executing the split and the resulting share price.

auto_awesomeAnalysis · FLD · Crypto Assets

The reverse split is now authorized, clearing the main procedural hurdle to regaining Nasdaq compliance after the delisting notice disclosed in the Q2 filing. The Board still decides whether to proceed and at what ratio between 1-for-2 and 1-for-50, so the actual share-count change and post-split price are not yet set. Approval removes the risk that the split fails at a vote; the remaining risk is execution and whether a higher share price satisfies Nasdaq's minimum bid requirement.