Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 41

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 41
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 Holders of Fold Common Stock”) should not recognize gain or loss as a result of the exchange, pursuant to the Merger, of their Fold Common Stock for shares of New Fold Common Stock. For a more detailed discussion of the U.S. federal income tax consequences of the Merger to holders of Fold Common Stock, see “ Material U.S. Federal Income Tax Consequences of the Merger to Holders of Fold Common Stock.” Emerald, Fold, and holders of Emerald Common Stock who do not exercise their redemption rights should not recognize gain or loss for U.S. federal income tax purposes as a result of the Merger. Q.How do the Public Warrants differ from the Private Placement Warrants and what are the related risks for any Public Warrant holders post -initial business combination? A.The Public Warrants are identical to the Private Placement Warrants in material terms and provisions, except that the Private Placement Warrants cannot be transferred, assigned or sold until 30 days after the initial business combination (except in limited circumstances). The Sponsor and its permitted transferees agreed not to transfer, assign or sell any of the Private Placement Warrants, including the Emerald Class A Common Stock issuable upon exercise of the warrants, until 30 days after the Business Combination. In accordance with the Sponsor Share Restriction Agreement, all 488,041 Private Placement Warrants will be forfeited at closing of the Business Combination. Following the Business Combination, we may redeem your unexpired Public Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your warrants worthless. We have the ability to redeem outstanding Public Warrants at any time after they become exercisable and prior to their expiration, at a price of $0.01 per Public Warrant, provided that the last reported sales price of Emerald Class A Common Stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations, and 15 the like) for any 20 trading days within a 30 trading -dayperiod ending on the third trading day prior to the date on which we give proper notice of such redemption and provided certain other conditions are met. We will not redeem the warrants as described above unless a registration statement under the Securities Act covering the Emerald Class A Common Stock issuable upon exercise of such warrants is effective and a current prospectus relating to those shares of Emerald Class A Common Stock is available throughout the 30 -dayredemption period. If and when the Public Warrants become redeemable by