Fulgur reports 37.5% Fold Holdings stake in 13D/A
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Rhea-AI Filing Summary
Fold Holdings, Inc. received an amended Schedule 13D/A from Fulgur Frontier Capital LP and Fulgur Ventures I, L.P., which together report beneficial ownership of 18,100,406 shares of common stock, representing 37.5% of the company based on 48,307,642 shares outstanding as of November 10, 2025.
On December 30, 2025, a limited partner contributed 7,191,631 shares to Fulgur Frontier for no consideration; those shares were originally bought in 2025 open-market transactions for about $27,557,381 at a volume-weighted price of $3.83 per share. The reporting funds describe themselves as private investment vehicles and state they acquired the position believing the shares were undervalued, while noting they currently have no specific plans for corporate actions and that this amendment is filed solely to correct a ministerial error in the original report.
Insights
Fulgur entities report a large, value-driven 37.5% stake in Fold.
The filing shows Fulgur Frontier Capital and Fulgur Ventures I together beneficially owning 18,100,406 Fold Holdings shares, or 37.5% of the company, based on 48,307,642 shares outstanding as of November 10, 2025. This reflects a substantial, highly concentrated position.
On December 30, 2025, 7,191,631 shares were contributed to Fulgur Frontier for no consideration, after being purchased in 2025 open-market trades totaling about $27,557,381 at roughly $3.83 per share. The funds state they bought because the stock appeared undervalued, but they currently disclose no concrete plans for mergers, restructurings, or control changes.
The amendment itself is described as correcting a ministerial signature error, so it does not change the economic stake. Future company filings may clarify whether this large ownership position evolves into more active engagement or remains a primarily financial investment.
FAQ
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How large is Fulgur Frontier Capital’s stake in Fold Holdings (FLD)?
What recent transaction did Fulgur report in Fold Holdings (FLD) stock?
Why did Fulgur invest in Fold Holdings (FLD) according to the Schedule 13D/A?
Does Fulgur have plans to change control or strategy at Fold Holdings (FLD)?
What is the purpose of this Amendment No. 1 to the Fold Holdings (FLD) Schedule 13D?
Who are the reporting entities in the Fold Holdings (FLD) Schedule 13D/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.