Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 269

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 269
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agree or authorize to do any of the foregoing. Emerald has agreed that, except as permitted by the Merger Agreement, as required by law or unless Fold shall have provided written consent, during the period commencing on the date of the Merger Agreement and continuing until the earlier to occur of the closing of the Merger and the termination of the Merger Agreement, each of Emerald and its subsidiaries will conduct its business and operations in the ordinary course of its normal operations and 158 consistent with its past practices and in compliance with all applicable laws, regulations and certain material contracts. Emerald has also agreed that, subject to certain limited exceptions, without the written consent of Fold, it will not, and will not permit any of its subsidiaries to, during the period commencing on the date of the Merger Agreement and continuing until the earlier to occur of the closing of the Merger and the termination of the Merger Agreement: •change, modify or amend, or seek any approval from its stockholders to change, modify or amend, the Trust Agreement, its amended and restated certificate of incorporation or bylaws or the organizational documents of Merger Sub; •declare or pay any dividends on, or make any other distributions of any form in respect of any of its outstanding capital stock; •split, combine, reclassify or otherwise change any of its capital stock; •except as required by Emerald’s organizational documents, repurchase, redeem or otherwise acquire any capital stock of, or other equity interests in, Emerald; •enter into, or permit any of the assets owned or used by it to become bound by any new material contract; •enter into, renew or amend in any material respect, any transaction or contract with an affiliate of Emerald or Merger Sub; •incur or assume, directly or indirectly any debt, or guarantee any debt of another, except for intra -companyindebtedness, and except for an aggregate of up to $2,000,000 of indebtedness from Emerald’s affiliates (including the Sponsor) in order to fund Emerald’s reasonable capital requirements, with any such loans to be made only as reasonably required by the operation of Emerald in due course on a non -interestbasis, and indebtedness from Emerald’s affiliates (including the Sponsor) in order to fund the payment of any excise tax; •make any loans, advances, guarantees or capital contributions to anyone other than to Fold or a wholly -ownedsubsidiary of Fold; •make any changes with respect to its accounting policies or procedures except as may be required