Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 382

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 382
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 involved with subsequent blank check companies similar to Emerald. As a result, Emerald’s Sponsor, officers or directors could have conflicts of interest in determining whether to present business combination opportunities to Emerald or to any other blank check company with which they may become involved. In particular, Emerald’s officers and directors and affiliates of the Sponsor are currently officers, directors or sponsors of other blank check companies, which are seeking to complete a business combination. Any such companies may present additional conflicts of interest in pursuing an acquisition target.

237 Sponsor Information Our Sponsors are Delaware limited liability companies, formed to invest in our company. Although our Sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our Sponsor’s business is focused on investing in our company. Betsy Z. Cohen, our Chairman of the Board, is the sole manager of each Sponsor and holds voting and investment discretion with respect to the shares of common stock held of record by the Sponsor. All of Emerald’s officers and directors, other than Mr. Listman, are members of our Sponsor. As of the date of this proxy statement/prospectus, other than certain of Emerald’s officers and directors, and the non -managingsponsor investors, no other person has a direct or indirect material interest in our Sponsor. In addition, Emerald’s independent directors receive for their services as a director an indirect interest in the founder shares through membership interests in our Sponsor. Other than the Sponsor manager and our management team, none of the other members of our Sponsor participate in Emerald’s activities. The non -managingsponsor investors hold as of the date of this proxy statement/prospectus, indirectly through membership interests in the Sponsor, approximately 96% of the placement units and approximately 49% of the Founder Shares. The non -managingsponsor investors have no right to control the Sponsor or participate in any decision regarding the disposal of any security held by the Sponsor, or otherwise. Experience with Other SPACs Ms. Cohen has previously served as Chairman of the board of directors for other Special Purpose Acquisition Companies (“SPACs”), including, FinTech Acquisition Corp. (“FinTech I”), FinTech Acquisition Corp. II (“FinTech II”), FinTech Acquisition Corp. III (“FinTech III”), FinTech Acquisition Corp. IV (“FinTech IV”) and FTAC Olympus Acquisition Corp. (“FTAC Olympus”). Additionally, Ms. Cohen currently serves as Chairman of the board of directors, President and Chief Executive Officer for Cohen Circle Acquisition Corp. I, a blank check company