Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 179

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 179
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 the Business Combination. New Fold will incur increased costs as a result of operating as a public company, and New Fold’s management will be required to devote substantial time to new compliance initiatives and corporate governance practices. As a public company, New Fold will incur significant legal, accounting, and other expenses that Fold did not incur as a private company. The Sarbanes -OxleyAct, the Dodd -FrankWall Street Reform and Consumer Protection Act, the listing requirements of Nasdaq, and other applicable securities rules and regulations impose various requirements on public companies, including establishment and maintenance of effective disclosure and financial controls and corporate governance practices. We expect that New Fold will need to hire additional accounting, finance, and other personnel in connection with New Fold’s becoming, and New Fold’s efforts to comply with the requirements of being, a public company, and New Fold’s management and other personnel will need to devote a substantial amount of time towards maintaining compliance with these requirements. These requirements will increase New Fold’s legal and financial compliance costs and will make some activities more time -consumingand costly. For example, New Fold expects that the rules and regulations applicable to it as a public company may make it more difficult and more expensive for it to obtain director and officer liability insurance, which could make it more difficult for it to attract and retain qualified members of New Fold’s Board of Directors. Fold is currently 96 evaluating these rules and regulations and cannot predict or estimate the amount of additional costs New Fold may incur or the timing of such costs. These rules and regulations are often subject to varying interpretations, in many cases due to their lack of specificity, and, as a result, their application in practice may evolve over time as new guidance is provided by regulatory and governing bodies. This could result in continuing uncertainty regarding compliance matters and higher costs necessitated by ongoing revisions to disclosure and governance practices. New Fold may issue additional shares of New Fold Common Stock or other equity securities without your approval, which would dilute your ownership interests and may depress the market price of your shares. New Fold may issue additional shares of New Fold Common Stock or other equity securities of equal or senior rank in the future in connection with, among other things, raising additional capital, future acquisitions, repayment of outstanding indebtedness, or awards under the Incentive Award Plan and ESPP, without stockholder approval, in a number of circumstances. New Fold may sell shares or other securities in any other offering at a price per share that is less than the price per share paid by the investors in the Business Combination