Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 391

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 391
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bt obligations, capital lease obligations, operating lease obligations, purchase obligations or long -termliabilities. We entered into an administrative services agreement pursuant to which we pay the Sponsor or its designee a monthly fee of $30,000 for office space, administrative and shared personnel support services to the Company. We began incurring these fees on December 16, 2021 and will continue to incur these fees monthly until the earlier of the completion of the Business Combination and our liquidation. For the year ended December 31, 2023 and nine months ended September 30, 2024, we incurred $360,000 and $270,000, respectively, for the administrative support services. As of December 31, 2023 and September 30, 2024, $286,451 and $556,452 of the administrative support fees are in accrued expenses in the accompanying condensed balance sheets, respectively. The holders of the Founder Shares, Private Placement Units (including securities contained therein) are entitled to registration rights pursuant to a registration rights agreement requiring us to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed subsequent to the completion of the Business Combination and rights to require Emerald to register for resale such securities pursuant to Rule 415 under the Securities Act. Emerald granted the IPO underwriter a 45 -dayoption to purchase up to 3,300,000 additional Units to cover over -allotments, if any, at the Public Offering price less the underwriting discounts and commissions. On January 14, 2022, the underwriter purchased an additional 2,869,342 Units pursuant to the over -allotmentoption. The IPO underwriter earned a cash underwriting discount of two percent (2%) of the gross proceeds of the Units sold in the IPO and pursuant to the over -allotmentoption, or $4,973,868. Additionally, the underwriter was entitled to a deferred underwriting discount of 3.5% of the gross proceeds of the Units sold in the Public Offering and pursuant to the over -allotmentoption, or $8,704,270. The deferred underwriting discount was to become payable to the underwriter from the amounts held in the Trust Account solely in the event that we complete a Business Combination, subject to the terms of the underwriting