Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 78

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 78
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 notice of Emerald’s offer to redeem the Public Shares in connection with the Business Combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed. •If we are unable to consummate our initial business combination, Public Stockholders may be forced to wait until after the Extension Deadline before redemption from the Trust Account. •There is no guarantee that a stockholder’s decision whether to redeem their shares of Emerald Class A Common Stock for a pro rataportion of the Trust Account will put the stockholder in a better future economic position. 38

UNAUDITED HISTORICAL COMPARATIVE AND PRO FORMA
COMBINED PER SHARE DATA OF EMERALD AND FOLD Defined terms included below have the same meaning as terms defined and included elsewhere in this proxy statement/prospectus. The following tables set forth the historical per share information of Emerald and Fold, on a standalone basis, and the unaudited pro forma condensed combined per share information after giving effect to the Merger Agreement, December 2024 Initial Investor Note, December 2024 Investor Warrants, and the reverse recapitalization, assuming minimum redemptions, assuming 25% redemptions, or assuming maximum redemptions. The unaudited pro forma condensed combined net earnings (loss) per share information for the year ended December 31, 2023 and for the nine months ended September 30, 2024 is presented as if the Business Combination and December 2024 Initial Investor financing transactions had occurred on January 1, 2023. The unaudited pro forma book value per share information is presented as if the Business Combination occurred on September 30, 2024. The information provided in the tables below is unaudited.

| As of and for the nine months ended September 30, 2024                                   |     | Emerald      
 (Historical) |            |   |     | Fold         
 (Historical) |           |   |     | Combined Pro Forma 
 Pro Forma          
 Combined           
 (Assuming          
 Minimum            
 Redemption)        |            |   |     | Pro Forma   
 Combined    
 (Assuming   
 25%         
 Redemption) |            |   |     | Pro Forma   
 Combined    
 (Assuming   
 Maximum     
 Redemption) |            |   |
|:-----------------------------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------------|----------:|:--|:----|:-------------------|-----------: