Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 168

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 168
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 vote on the Business Combination. In addition, following the Business Combination, fluctuations in the price of New Fold Common Stock could contribute to the loss of all or part of your investment. Any of the factors listed below could have a material adverse effect on your investment, and Emerald Class A Common Stock before the Closing (or New Fold Common Stock after the Closing) may trade at a price significantly below the price you paid for it. In such circumstances, the trading price of Emerald Class A Common Stock before the Closing (or New Fold Common Stock after the Closing) may not recover and may experience a further decline. Broad market and industry factors may materially harm the market price of New Fold Common Stock after the Closing, irrespective of New Fold’s operating performance. The stock market in general and Nasdaq have experienced price and volume fluctuations that have often been unrelated or disproportionate to the operating 90 performance of the particular companies affected. The trading prices and valuations of these stocks, and of New Fold’s securities, may not be predictable. A loss of investor confidence in the market for retail stocks or the stocks of other companies, notably in the Bitcoin financial services industry, which investors perceive to be similar to New Fold, could depress New Fold’s stock price regardless of its business, prospects, financial conditions or results of operations. A decline in the market price for New Fold Common Stock also could adversely affect New Fold’s ability to issue additional securities and New Fold’s ability to obtain additional financing in the future. Nasdaq may not list New Fold Common Stock, which could limit investors’ ability to make transactions in New Fold Common Stock and subject it to additional trading restrictions. We intend to apply to have New Fold Common Stock approved for listing on Nasdaq or another national securities exchange after the consummation of the Business Combination. We will be required to meet certain initial listing requirements to be listed, including having a minimum number of round lot shareholders. We may not be able to meet the initial listing requirements in connection with the Business Combination. Being listed on Nasdaq or another national securities exchange is a condition to closing and the parties would need to waive this condition if New Fold Common Stock are not listed on Nasdaq or another national securities exchange. Further, even if New Fold Common Stock are so listed, we may be unable to maintain the listing of such securities in the future. If we fail to meet the initial listing requirements and Nasdaq does not list New Fold Common Stock (and the related closing condition with respect to the listing of New Fold Common Stock is waived by the parties), we