Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 263

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 263
---
 number of shares of New Fold Common Stock determined by multiplying (a) the number of shares of Fold Common Stock subject to the corresponding Fold RSU Award immediately prior to the Effective Time by (b) the Exchange Ratio (rounded down to the nearest whole share). Appraisal Rights Notwithstanding the above, under the DGCL, with certain exceptions, Surviving Company’s stockholders will have appraisal rights in connection with a merger or consolidation of the Surviving Company. Pursuant to Section 262 of the DGCL, stockholders who properly demand and perfect appraisal rights in connection with such merger or consolidation will have the right to receive payment of the fair value of their shares as determined by the Delaware Court of Chancery. 153 Representations and Warranties Under the Merger Agreement, Fold made customary representations and warranties (which are sometimes subject to materiality and knowledge qualifiers) relating to a number of matters, including the following: organization, good standing and qualification; capital structure of Fold; corporate authority and approval and fairness; governmental filings, no violations, certain contracts, etc.; financial statements and internal controls; absence of certain changes; no undisclosed liabilities; litigation; compliance with laws and permits; employee benefits; labor matters; environmental matters; tax matters; real and personal property; intellectual property, IT assets and data privacy; insurance; company material contracts; brokers and finders; registration statement; transactions with related parties; parent common stock, Investment Company Act; no outside reliance; and no other representations or warranties. Under the Merger Agreement, Emerald and Merger Sub made customary representations and warranties (which are sometimes subject to materiality and knowledge qualifiers) relating to a number of matters, including the following: organization, good standing and qualification; capital structure of Emerald; corporate authority and approval; governmental filings, no violations and certain contracts; Emerald reports and internal controls; absence of certain changes; business activities and liabilities; litigation and proceedings; compliance with laws; Investment Company Act and JOBS Act; the Trust Account; valid issuance; takeover statutes and charter provisions; Nasdaq stock market quotation; brokers and finders; registration statement and proxy statement; taxes; no outside reliance; employees and benefit plans; and no other representations or warranties. Material Adverse Effect “Material Adverse Effect” as used in the Merger Agreement means any effect, event, development, change, state of facts, condition, circumstance or occurrence that, individually or in the aggregate with others, is or would reasonably be expected to be materially adverse to the business, assets, results