Fold Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Fold Holdings, Inc. on April 12, 2025. The report addresses a change in the company's independent registered public accounting firm. The company is incorporated in Delaware and trades on the Nasdaq Capital Market under the symbols FLD (Common Stock) and FLDDW (Warrants).
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative change of the external auditor.
Material Changes
- Accountant Change: Marcum LLP resigned as the independent registered public accounting firm. CBIZ CPAs P.C. was engaged as the new independent auditor for the fiscal year ending December 31, 2025.
- Reason for Change: The change resulted from CBIZ acquiring the attest business of Marcum LLP on November 1, 2024, with substantially all partners and staff joining CBIZ.
- Audit History: Marcum's reports for the fiscal years ended December 31, 2024, and 2023, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. Regarding risks and contingencies, the company confirmed there were no disagreements with Marcum on accounting principles, financial statement disclosure, or audit scope during the years ended December 31, 2024 and 2023, or through the date of resignation. Additionally, no "reportable events" occurred during this period. The company did not consult with CBIZ regarding accounting principles or audit opinions prior to engagement.
Investor Verification Checklist
- Verify the transition timeline between Marcum LLP and CBIZ CPAs P.C. to ensure continuity in audit oversight.
- Review the letter from Marcum LLP (Exhibit 16.1) to confirm their agreement with the company's statements regarding the resignation.
- Monitor future filings for the initial audit report issued by CBIZ for the fiscal year ending December 31, 2025.
- Confirm that the acquisition of Marcum's attest business by CBIZ has not resulted in any undisclosed conflicts of interest.