Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 294

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 294
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 growth and to provide flexibility for future corporate needs (including, if needed, as part of financing for future growth acquisitions). The shares would be issuable for any proper corporate purpose, including future acquisitions, capital raising transactions consisting of equity or convertible debt, stock dividends or issuances under current and any future equity incentive plans, pursuant to

178 which New Fold may provide equity incentives to employees, officers and directors. The Emerald Board believes that these additional shares will provide New Fold with needed flexibility to issue shares in the future in a timely manner and under circumstances New Fold considers favorable without incurring the risk, delay and potential expense incident to obtaining stockholder approval for a particular issuance. •The supermajority voting provisions with respect to altering, amending, or repealing the Proposed Bylaws (Proposal 3B), ARTICLE IV, ARTICLE V, ARTICLE VI, ARTICLE VII, ARTICLE VIII, ARTICLE IX and ARTICLE X of the Proposed Charter (Proposal 3C) are desirable to enhance the continuity and stability of the New Fold Board. The supermajority voting requirements are appropriate at this time to protect all stockholders against the potential self -interestedactions by one or a few large stockholders. In reaching this conclusion, the Emerald Board was cognizant of the potential for certain stockholders to hold a substantial beneficial ownership of New Fold Common Stock following the Business Combination. We further believe that going forward, a supermajority voting requirement encourages the person seeking control of New Fold to negotiate with the board of directors to reach terms that are appropriate for all stockholders. •The additional changes to the Existing Charter (Proposal 3D), including the name change from “FTAC Emerald Acquisition Corp.” to Fold Holdings, Inc. are necessary to adequately address the needs of New Fold following the Closing. The elimination of certain provisions related to Emerald’s status as a blank check company is desirable because these provisions will serve no purpose following the Business Combination. For example, these proposed amendments remove the requirement to dissolve Emerald and allow New Fold to continue as a corporate entity with perpetual existence following consummation of the Business Combination. Perpetual existence is the usual period of existence for corporations and the Emerald Board believes it is the most appropriate period following the Business Combination. In addition, certain other provisions in the Existing Charter require that proceeds from Emerald’s IPO be held in the Trust Account until a business combination or liquidation of Emerald has occurred. These provisions cease to apply once the Business Combination is consummated. Vote Required for Approval The Advisory Organizational Documents Proposals are conditioned