Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 169

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 169
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 Fold If the perceived benefits of the Business Combination do not meet the expectations of investors or securities analysts, the market price of Emerald Common Stock may decline before the Closing, or the market price of New Fold’s securities may decline after the Closing. If the perceived benefits of the Business Combination do not meet the expectations of investors or securities analysts, the market price of the Emerald Class A Common Stock prior to the Closing may decline. The market value of the Emerald Class A Common Stock at the time of the Business Combination may vary significantly from its price on the date the Merger Agreement was executed, the date of this proxy statement/prospectus, or the date on which Emerald stockholders vote on the Business Combination. In addition, following the Business Combination, fluctuations in the price of New Fold Common Stock could contribute to the loss of all or part of your investment. Any of the factors listed below could have a material adverse effect on your investment, and Emerald Class A Common Stock before the Closing (or New Fold Common Stock after the Closing) may trade at a price significantly below the price you paid for it. In such circumstances, the trading price of Emerald Class A Common Stock before the Closing (or New Fold Common Stock after the Closing) may not recover and may experience a further decline. Broad market and industry factors may materially harm the market price of New Fold Common Stock after the Closing, irrespective of New Fold’s operating performance. The stock market in general and Nasdaq have experienced price and volume fluctuations that have often been unrelated or disproportionate to the operating 90 performance of the particular companies affected. The trading prices and valuations of these stocks, and of New Fold’s securities, may not be predictable. A loss of investor confidence in the market for retail stocks or the stocks of other companies, notably in the Bitcoin financial services industry, which investors perceive to be similar to New Fold, could depress New Fold’s stock price regardless of its business, prospects, financial conditions or results of operations. A decline in the market price for New Fold Common Stock also could adversely affect New Fold’s ability to issue additional securities and New Fold’s ability to obtain additional financing in the future. Nasdaq may not list New Fold Common Stock, which could limit investors’ ability to make transactions in New Fold Common Stock and subject it to additional trading restrictions. We intend to apply to have New Fold Common Stock approved for listing on Nasdaq or another national securities exchange after the consummation of the Business Combination. We will be required to meet certain initial listing requirements to be listed, including having a