Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 504

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 504
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 10.00per Additional Private Placement Unit to the Sponsor, generating gross proceeds of $ 860,810. Transaction costs related to the IPO and over -allotmentamounted to $ 14,181,568, consisting of $ 4,973,868of underwriting commissions, $ 8,704,270in deferred underwriting fees, and $ 503,430of other offering costs. The Company must complete one or more Business Combinations having an aggregate fair market value of at least 80% of the value of the assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the Company’s signing a definitive agreement in connection with the initial Business Combination. However, the Company will only complete an initial Business Combination if the post -transactioncompany owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully effect a Business Combination. Following the closing of the Public Offering, the partial exercise of the over -allotmentoption, and the sale of the Private Placement Units, a total of $ 251,180,354($ 10.10per Unit) was placed in a Trust Account (“Trust Account”). The proceeds are invested only in U.S. government securities with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a -7under the Investment Company Act which invest only in direct U.S. government treasury obligations. Except for any interest income released to the Company to pay franchise and income taxes and up to $ 100,000of interest to pay dissolution expenses, noneof the funds held in trust will be released from the Trust Account until the earlier of (i) the consummation of the initial Business Combination; F-52 FTAC EMERALD ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 and 2022 NOTE 1. ORGANIZATION AND BUSINESS OPERATIONS (cont.) (ii) the redemption of the public shares if the Company is unable to consummate a Business Combination by December 20, 2024 (the “Completion Window”); or (