Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 207

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 207
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 operations of Fold prior to the Business Combination and to New Fold following the Business Combination. The following unaudited pro forma condensed combined financial information is prepared in accordance with Article 11 of Regulation S -Xto give effect to the acquisition of Fold by FTAC Emerald Acquisition Corp. (“Emerald”). The following unaudited pro forma condensed combined financial statements are based on the historical financial statements of Emerald and Fold as adjusted to give effect to the Business Combination and related financing transactions. The unaudited pro forma condensed combined balance sheet as of September 30, 2024 assumes that the Business Combination and the December 2024 Initial Investor financing transactions were completed on September 30, 2024. The unaudited pro forma condensed combined statements of operations for the nine months ended September 30, 2024 and the year ended December 31, 2023 give pro forma effect to the Business Combination and the related proposed financing transactions as if they had occurred on January 1, 2023. The assumptions and estimates underlying the unaudited adjustments to the unaudited pro forma condensed combined financial statements are described in the accompanying notes, which should be read in conjunction with, the following: •Emerald’s unaudited condensed financial statements and related notes as of and for the nine months ended September30, 2024 included elsewhere in this proxy statement/prospectus. •Fold’s unaudited condensed financial statements and related notes as of and for the nine months ended September30, 2024 included elsewhere in this proxy statement/prospectus. •Emerald’s audited financial statements and related notes for the year ended December31, 2023 included elsewhere in this proxy statement/prospectus. •Fold’s audited financial statements and related notes for the year ended December31, 2023 included elsewhere in this proxy statement/prospectus. Certain direct and incremental costs related to the Business Combination will be recorded as a reduction against additional paid -in-capital, consistent with the accounting for reverse recapitalizations. The unaudited pro forma condensed combined financial statements do not give effect to any anticipated synergies, operating efficiencies or cost savings that may be associated with the Business Combination. The unaudited condensed combined pro forma adjustments reflecting the consummation of the Business Combination and related transactions are based on certain estimates and assumptions. These estimates and assumptions are based on information available as of the dates of these unaudited pro forma condensed combined financial statements and may be revised as additional information becomes available. Therefore, it is likely that