Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 63

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 63
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 Fold Investor Notes. For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information” and “ Proposal 1 — The Business Combination Proposal — Ownership of New Fold After the Closing.

29 Other Agreements Related to the Merger Agreement Sponsor Share Restriction Agreement On July 24, 2024, concurrently with the execution of the Merger Agreement, the Sponsor entered into the Sponsor Share Restriction Agreement with Emerald. Pursuant to the Sponsor Share Restriction Agreement, at the Closing, (i) all Private Placement Warrants will be forfeited and cancelled, and (ii) approximately 5.3 million of the Sponsors’ founder shares (the “ subject founder shares”) will be subject to time -basedtransfer restrictions subject to early release as follows: •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) six months following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) (x) in the event that Emerald and Fold raise $50 million or more as of the Closing, one year following the Closing, and (y) in the event that Emerald and Fold raise less than $50 million as of the Closing, two years following the Closing, or (b) the first date that the stock price exceeds $15.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; and •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) ten years following the Closing or (b) the first date that the stock price exceeds $17.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing. In the event that Emerald and Fold raise less than $50 million from the date of the Merger Agreement through the second anniversary of the Closing, the Sponsor shall automatically forfeit for no additional consideration up to 1,000,000 subject founder shares. Support Agreement On July 24, 2024, concurrently with the execution of the Merger Agreement, Emerald entered into a Support Agreement with (i) the Sponsor, (ii) Fold, and (iii