Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 289

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 289
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 is an individual who is present in the United States for a period or periods aggregating 183 days or more in the taxable year of the disposition, and certain other conditions are met; or 170 •New Fold is or has been a “United States real property holding corporation” for U.S. federal income tax purposes at any time during the shorter of the five -yearperiod ending on the date of disposition or redemption or the Non -U.S. Holder’s holding period for such securities disposed of, and either (A) shares of New Fold Common Stock (or Emerald Public Shares, as applicable) are not considered to be regularly traded on an established securities market or (B) such Non -U.S. Holder has owned or is deemed to have owned, at any time during the shorter of the five -yearperiod preceding such disposition and such Non -U.S. Holder’s holding period more than 5% of the outstanding shares of New Fold Common Stock (or Emerald Public Shares, as applicable). There can be no assurance that shares of New Fold Common Stock or Emerald Public Shares will be treated as regularly traded on an established securities market for this purpose. A non -corporateNon -U.S. Holder described in the first bullet point immediately above will be subject to tax on the net gain derived from the sale under regular graduated U.S. federal income tax rates. An individual Non -U.S. Holder described in the second bullet point immediately above will be subject to a flat 30% tax on the gain derived from the sale, which may be offset by certain United States source capital losses, even though the individual is not considered a resident of the United States, provided that the individual has timely filed U.S. federal income tax returns with respect to such losses. If a Non -U.S. Holder that is a foreign corporation falls under the first bullet point immediately above, it will be subject to tax on its net gain in the same manner as if it were a United States person as defined under the Code and, in addition, may be subject to the branch profits tax equal to 30% (or such lower rate as may be specified by an applicable income tax treaty) of its effectively connected earnings and profits, subject to adjustments. If the last bullet point immediately above applies to a Non -U.S. Holder, gain recognized by such Non -U.S. Holder on the sale, exchange or other disposition of New Fold Common Stock (or on the redemption of Emerald Public Shares, as applicable) will be subject to tax at generally applicable