Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 18

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 18
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’ vote at the special meeting of stockholders held by Emerald on January 19, 2024, 10,872,266 shares of Emerald Class A Common Stock were tendered for redemption. As a result, approximately $115.5 million (approximately $10.62 per share redeemed) was removed from Emerald’s Trust Account to pay such holders. Following redemptions, the Public Stockholders held 4,757,884shares of Emerald Class A Common Stock, and the Sponsor held 8,615,141 non -redeemableshares of Emerald Class A Common Stock. In conjunction with the above redemptions, the Public Stockholders also voted to extend the life of Emerald to complete an initial business combination from January 19, 2024 to December 20, 2024. In connection with the Public Stockholders’ vote at the special meeting of stockholders held by Emerald on December17, 2024, 112,068shares of Emerald Class A Common Stock were tendered for redemption. As a result, approximately $1.2million (approximately $11.02 per share redeemed) was removed from Emerald’s Trust Account to pay such holders. Following redemptions, the Public Stockholders held 4,645,816shares of Emerald Class A Common Stock, and the Sponsor held 8,615,141 non -redeemableshares of Emerald Class A Common Stock. In conjunction with the above redemptions, the Public Stockholders also voted to extend the life of Emerald to complete an initial business combination from December20, 2024 to December20, 2025. Funds held in Emerald’s Trust Account, including any interest, will not be used to pay for any excise tax liabilities with respect to any future redemptions prior to or in connection with any extension, an initial business combination or the liquidation of Emerald. For illustrative purposes, based on the funds held in the Trust Account as of December31, 2024 of approximately $51.3million, the estimated per share redemption price would have been approximately $11.04. Public Stockholders may elect to redeem their shares whether or not they are holders as of the Record Date and whether or not they vote for the Business Combination Proposal.Notwithstanding the foregoing redemption rights, a Public Stockholder, together with any of his, her or its affiliates or any other person with whom he, she or it is acting in concert or as a “group” (as defined under Section 13(d)(3) of the