Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 287

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 287
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 individual Non -U.S. Holder described in the second bullet point immediately above will be subject to a flat 30% tax on the gain derived from the sale, which may be offset by certain United States source capital losses, even though the individual is not considered a resident of the United States, provided that the individual has timely filed U.S. federal income tax returns with respect to such losses. If a Non -U.S. Holder that is a foreign corporation falls under the first bullet point immediately above, it will be subject to tax on its net gain in the same manner as if it were a United States person as defined under the Code and, in addition, may be subject to the branch profits tax equal to 30% (or such lower rate as may be specified by an applicable income tax treaty) of its effectively connected earnings and profits, subject to adjustments. If the last bullet point immediately above applies to a Non -U.S. Holder, gain recognized by such Non -U.S. Holder on the sale, exchange or other disposition of New Fold Common Stock (or on the redemption of Emerald Public Shares, as applicable) will be subject to tax at generally applicable U.S. federal income tax rates. In addition, a buyer of such New Fold Common Stock from a Non -U.S. Holder (or, in a redemption Emerald Public Shares, New Fold or its agents) may be required to withhold U.S. income tax at a rate of 15% of the amount realized upon such disposition. New Fold will be classified as a “U.S. real property holding corporation” if the fair market value of its “United States real property interests” equals or exceeds 50% of the sum of the fair market value of its worldwide real property interests and its other assets used or held for use in a trade or business, as determined for U.S. federal income tax purposes. New Fold does not expect to be classified as a “U.S. real property holding corporation” following the Merger. However, such determination is factual in nature and subject to change, and no assurance can be provided as to whether New Fold is or will be a U.S. real property holding corporation with respect to a Non -U.S. Holder following the Merger or at any future time. Information Reporting and Backup Withholding Certain payments of dividends and sales proceeds may be subject to information reporting to the IRS and U.S. backup withholding. Backup withholding will not apply, however, to a U.S. Holder who furnishes a correct taxpayer identification number and makes