Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 259

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 259
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AL.

152 THE MERGER AGREEMENT This subsection of this proxy statement/prospectus describes the material provisions of the Merger Agreement, but does not purport to describe all of the terms of the Merger Agreement. The following summary is qualified in its entirety by reference to the complete text of the Merger Agreement, substantially in the form attached to this proxy statement/prospectus as Annex A. You are urged to read carefully the Merger Agreement in its entirety because it is the primary legal document that governs the Merger. The Merger Agreement contains representations, warranties and covenants that the respective parties made to each other as of the date of the Merger Agreement or other specific dates. The assertions embodied in those representations, warranties and covenants were made for purposes of the contract among the respective parties and are subject to important qualifications and limitations agreed to by the parties in connection with negotiating the Merger Agreement. The representations, warranties and covenants in the Merger Agreement are also modified in part by the underlying disclosure schedules (the “disclosure schedules”), which are not filed publicly and which are subject to a contractual standard of materiality different from that generally applicable to stockholders and were used for the purpose of allocating risk among the parties rather than establishing matters as facts. We do not believe that the disclosure schedules contain information that is material to an investment decision. Additionally, the representations and warranties of the parties to the Merger Agreement may or may not have been accurate as of any specific date and do not purport to be accurate as of the date of this proxy statement. Accordingly, no person should rely on the representations and warranties in the Merger Agreement or the summaries thereof in this proxy statement as characterizations of the actual state of facts about Emerald, Merger Sub, Fold or any other matter. General: Structure of the Business Combination On July 24, 2024, Emerald entered into the Merger Agreement, by and among Emerald, Merger Sub and Fold. The Merger Agreement provides, among other things, that on the terms and subject to the conditions set forth therein, a business combination between Emerald and Fold will be effected through the merger of Merger Sub with and into Fold, with Fold surviving the Merger as a wholly owned subsidiary of Emerald. The Merger Agreement was approved by the board of directors of each of Emerald and Fold. Conversion of Securities Immediately prior to the Effective Time, each share of Fold Preferred Stock will be converted into Fold Common Stock (the “Fold Security Conversion”). At the Effective Time