Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 226

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 226
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mate its initial business combination from September 20, 2023 to January 19, 2024 (or such earlier date as determined by the Emerald Board). Between September 7, 2023 and September 15, 2023, Emerald entered into non -redemptionagreements with unaffiliated third parties (the “2023 Non -RedemptionAgreements”) in exchange for each such party agreeing not to redeem Public Shares in connection with the First Extension Meeting. In exchange for the commitments not to redeem Public Shares, Emerald agreed to issue or cause to be issued an aggregate of 1,610,000 shares of Class A Common Stock at the time of Emerald’s initial business combination. On January 19, 2024, Emerald held a special meeting of stockholders (the “Second Extension Meeting”) pursuant to which its stockholders approved an amendment to Emerald’s second amended and restated certificate of incorporation (the “Second Charter Extension Amendment”) and Trust Agreement giving Emerald the right to extend the date by which it has to complete an initial business combination from January 19, 2024 to December 20, 2024. Between January 9, 2024 and January 17, 2024, Emerald entered into non -redemptionagreements with unaffiliated third parties (together with the 2023 Non -RedemptionAgreements, the “Non -RedemptionAgreements”) in exchange for each such party agreeing not to redeem Public Shares in connection with the Second Extension Meeting. In exchange for the foregoing commitments not to redeem Public Shares, Emerald agreed to issue or cause to be issued an aggregate of 1,112,500 shares of Class A Common Stock at the time of Emerald’s initial business combination. On December17, 2024, Emerald held a special meeting of stockholders (the “Third Extension Meeting”) pursuant to which its stockholders approved an amendment to Emerald’s second amended and restated certificate of incorporation (the “Third Charter Extension Amendment”) and Trust Agreement giving Emerald the right to extend the date by which it has to complete an initial business combination from December20, 2024 to December20, 2025. 132 After the IPO, Emerald’s management team commenced an active search for prospective businesses and/or assets to acquire in its initial business combination. The Emerald Board and management have extensive experience in the financial services and financial technology industries, in ESG and impact investing and initiatives as well as with operational management, and investment and financial analysis. As such, the Emerald