Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 35

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 35
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 Public Stockholders will own 4,645,816shares of New Fold Common Stock, representing 9.6% of the total shares outstanding; under the 25% redemption scenario, current Emerald Public Stockholders will own 3,456,345shares of New Fold Common Stock, representing 7.3% of the total shares outstanding; and under the maximum redemption scenario, current Emerald Public Stockholders will own 1,071,507shares of New Fold Common Stock, representing 2.4% of the total shares outstanding; and •Affiliates of our Sponsor and related parties will own 6,293,722shares of New Fold Common Stock, representing 13.0% of the total shares outstanding under the minimum redemption scenario; 6,293,722shares of New Fold Common Stock, representing 13.3% of the total shares outstanding under the 25% redemption scenario and 6,293,722shares of New Fold Common Stock representing 13.9% of the total shares outstanding under the maximum redemption scenario. The numbers of shares and percentage interests set forth above (i) reflect different redemption scenarios laid out below, (ii) assumes Aggregate Merger Consideration is calculated using the Base Purchase Price, and (iii) are calculated based on the capitalization of Fold and Emerald as of September30, 2024 (after giving effect to (x) the conversion or deemed conversion of the Fold Preferred Stock and Fold SAFEs into Fold Common Stock and (y) the redemption of 112,068shares of Emerald Class A Common Stock in connection with the Third Extension Meeting on December17, 2024). Minimum redemption scenario:This presentation assumes that no Public Stockholders exercise redemption rights with respect to their Public Shares in addition to any redemptions that have occurred subsequent to September30, 2024. 25% redemption scenario.This presentation assumes that 1.2million Public Shares are redeemed for an aggregate redemption payment of approximately $13.1million. Maximum redemption scenario:This scenario assumes that 3.6million Public Shares are redeemed for an aggregate redemption payment of approximately $39.4million. This maximum redemption scenario reflects the maximum number of the Public Shares that can be redeemed without violating the conditions of the Merger Agreement that Emerald cannot redeem Public Shares if it would result in Emerald having a minimum net tangible asset value of less than $5,000,001, after giving effect to the payments to redeeming stockholders. For the ownership percentages presented above, the ownership percentages with respect