Company: FLDDW
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001213900-25-014354
Chunk: 0

Company: Fold Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01.
Entry into a Material Definitive Agreement.

Business Combination

As disclosed under the sections entitled “ Proposal No. 1 - The
Business Combination Proposal,” “ The Business Combination” and “ The Merger Agreement” beginning on pages
131, 132 and 153, respectively, of the proxy statement/prospectus (the “ Proxy Statement/Prospectus”) filed with the Securities
and Exchange Commission (the “ SEC”) by Emerald on January 22, 2025, Emerald entered into an Agreement and Plan of Merger (the
“ Merger Agreement”), dated as of July 24, 2024, with EMLD Merger Sub Inc., a direct, wholly owned subsidiary of Emerald (“ Merger
Sub”), and Fold, Inc., a Delaware corporation (“ Legacy Fold”). Pursuant to the Merger Agreement, Merger Sub was merged
with and into Legacy Fold, with Legacy Fold surviving the merger as a wholly owned subsidiary of the Company (the “ Business Combination”
and, together with the other transactions contemplated by the Merger Agreement, the “ Transactions”).

Special Meeting and Closing of the Transactions

On February 13, 2025, Emerald held a special meeting in lieu of the
2024 annual meeting of the Emerald stockholders (the “ Special Meeting”), at which the Emerald stockholders considered and
adopted, among other matters, a proposal to approve the Business Combination, including (a) adopting the Merger Agreement and (b) approving
the other transactions contemplated by the Merger Agreement and related agreements described in the Proxy Statement/Prospectus.

Pursuant to the terms and subject to the conditions set forth in the
Merger Agreement, following the Special Meeting, on February 14, 2025 (the “ Closing Date”), the Transactions were consummated
(the “ Closing”).