Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 76

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 76
---
 media coverage, may result in significant decreases in the price of New Fold’s securities. •An active market for New Fold’s securities may not develop, which would adversely affect the liquidity and price of New Fold’s securities. •Fold does not have experience operating as a United States public company and may not be able to adequately develop and implement the governance, compliance, risk management and control infrastructure and culture required for a public company, including compliance with the Sarbanes Oxley Act. 37 •If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports, and the market price of our common stock may decline. Risks Related to Emerald’s Business and the Business Combination •The Business Combination and New Fold becoming a publicly listed company as a result of the Merger differs significantly from an underwritten initial public offering. •The unaudited pro forma financial information included herein may not be indicative of what New Fold’s actual financial position or results of operations would have been. •Our Sponsor, officers and directors have potential conflicts of interest in recommending that stockholders vote in favor of approval of the Business Combination Proposal and approval of the other proposals described in this proxy statement/prospectus. Risks Related to Redemptions •If a stockholder fails to receive notice of Emerald’s offer to redeem the Public Shares in connection with the Business Combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed. •If we are unable to consummate our initial business combination, Public Stockholders may be forced to wait until after the Extension Deadline before redemption from the Trust Account. •There is no guarantee that a stockholder’s decision whether to redeem their shares of Emerald Class A Common Stock for a pro rataportion of the Trust Account will put the stockholder in a better future economic position. 38

UNAUDITED HISTORICAL COMPARATIVE AND PRO FORMA
COMBINED PER SHARE DATA OF EMERALD AND FOLD Defined terms included below have the same meaning as terms defined and included elsewhere in this proxy statement/prospectus. The following tables set forth the historical per share information of Emerald and Fold, on a standalone basis, and the unaudited pro forma condensed combined per share information after giving effect to the Merger Agreement, December 2024 Initial Investor Note, December 2024 Investor Warrants, and the reverse recapitalization, assuming minimum redemptions, assuming 25% red