Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 269

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 269
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 efforts to ensure Emerald remains listed as a public company on, and for the Public Shares to be listed on, Nasdaq. Covenants; Conduct of Business Pending the Merger Fold has agreed that, except as permitted by the Merger Agreement and the disclosure schedules, as required by law, or unless Emerald shall have provided written consent, during the period commencing on the date of the Merger Agreement and continuing until the closing of the Merger, Fold shall (i) use commercially reasonable efforts to (a) conduct its business in the ordinary course, and (b) preserve its goodwill and maintain existing relationships with its executive officers, and (ii) shall not: •adopt or propose any change in its or its subsidiaries’ organizational documents; •merge or consolidate itself or any of its subsidiaries with any other entity, except for transactions among its wholly owned subsidiaries; •adopt or enter into a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring, recapitalization or other reorganization of Fold or its subsidiaries; •acquire assets outside of the ordinary course of business with a value or purchase price in the aggregate in excess of $250,000; •acquire any business or entity (whether by merger or consolidation, by purchase of substantially all assets or equity interests or by any other manner); •sell, lease, license or otherwise dispose of any of its material assets or properties, except for sales, leases and licenses in the ordinary course of business, and for sales, leases and licenses with a fair market value not in excess of $250,000 in the aggregate, or pursuant to existing contracts; •except pursuant to awards granted under its equity incentive plan and intra -companytransactions, issue, sell, grant or authorize the issuance, sale or grant of any shares of capital stock or other securities of Fold or any of its subsidiaries; •reclassify, split, combine, subdivide, redeem or repurchase, any of its capital stock or options, warrants or securities convertible or exchangeable into or exercisable for any shares of its capital stock, except in connection with the repurchase, net exercise or settlement of awards under Fold’s stock plan or the withholding of shares to satisfy tax obligations with respect to awards under such stock plan; •declare, set aside, make or pay any dividend or distribution of any kind, payable with respect to any of its capital stock or enter into any voting agreement; •make any loans, advances, guarantees or capital contributions to or investments in any entity (other than it or any direct