Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 536

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 536
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 with respect to the Class A common stock included in the Units being offered, the “public shares”) at $ 10.00per Unit, which is discussed in Note 3, and the sale of 890,000placement units (the “Private Placement Units”) at a price of $ 10.00per Private Placement Unit in a private placement to the Sponsor, which is discussed in Note 4 (“Private Placement”). The underwriter of the Company’s IPO subsequently provided notice of its election to partially exercise its over -allotmentoption, and the closing of the issuance and sale of the additional Units (the “Over -AllotmentOption Units”) occurred on January 14, 2022. A total aggregate issuance by the Company of 2,869,342Over -AllotmentOption Units at a price of $ 10.00per Over -AllotmentOption Unit resulted in total gross proceeds of $ 28,693,420to the Company. Simultaneously with the issuance and sale of the Over -AllotmentOption Units, the Company consummated the private sale of an additional 86,081Private Placement Units (the “Additional Private Placement Units”) at a price of $ 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