Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 223

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 223
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of -pocketexpenses and will indemnify Sodali & Co. and its affiliates against certain claims, liabilities, losses, damages and expenses. Emerald also will reimburse banks, brokers and other custodians, nominees and fiduciaries representing beneficial owners of shares of Public Shares for their expenses in forwarding soliciting materials to beneficial owners of Public Shares and in obtaining voting instructions from those owners. Emerald’s directors, officers and employees may also solicit proxies by telephone, by facsimile, by mail, on the internet or in person. They will not be paid any additional amounts for soliciting proxies. Stock Ownership As of the Record Date, our Sponsor, and certain current and former officers and directors beneficially own an aggregate of 67.4% of the outstanding shares of Emerald Common Stock. Our Sponsor, officers and directors have agreed to vote any shares of Emerald Common Stock owned by them, including any Public Shares acquired by them, in favor of the Business Combination. 130 PROPOSAL NO. 1 — THE BUSINESS COMBINATION PROPOSAL Overview Emerald’s stockholders are being asked to approve the Business Combination with Fold described in this proxy statement/prospectus, including (a) adopting the Merger Agreement and (b) approving the other transactions contemplated by the Merger Agreement and related agreements described in this proxy statement/prospectus. The discussion in this proxy statement/prospectus of the Business Combination and the principal terms of the Merger Agreement are subject to, and are qualified in their entirety by reference to, the Merger Agreement, which is attached as Annex Ato this proxy statement/prospectus. You should carefully read this proxy statement in its entirety for more detailed information concerning the Merger Agreement. Please see the subsection entitled “ The Merger Agreement” below for additional information and a summary of certain terms of the Merger Agreement. Pursuant to the Merger Agreement, we may consummate the Business Combination only if it is approved by the affirmative vote of holders of a majority of the shares of Emerald Common Stock, voting together as a single class, that are cast thereon at the special meeting. 131 THE BUSINESS COMBINATION Background of the Business Combination The following chronology summarizes the key meetings and events that led to the signing of the Merger Agreement. This chronology does not purport to catalogue every conversation or correspondence among representatives of Emerald and Fold. Emerald is a blank check company incorporated under the laws of Delaware in February 2021. Emerald was formed for the purpose of effecting a merger, capital