Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 280

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 280
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 “ Special Meeting of Emerald Stockholders — Redemption Rights” with respect to your Emerald Public Shares. The treatment of a redemption of your Emerald Public Shares for U.S. federal income tax purposes will depend on whether the redemption qualifies as a sale or exchange of the Emerald Public Shares under Section 302 of the Code. If the redemption qualifies as a sale or exchange of the Emerald Public Shares, you will recognize gain or loss as described below under “ U.S. Holder — Redemption of Emerald Public Shares Treated as Sale or Exchange” or “ Non -U .S. Holder — Redemption of Emerald Public Shares Treated as Sale or Exchange, ”as applicable. If the redemption does not qualify as a sale or exchange of Emerald Public Shares, you will be treated as receiving a corporate distribution subject to tax as described below under “ U.S. Holder — Redemption of Emerald Public Shares Treated as Distributions” or “ Non -U .S. Holder — Redemption of Emerald Public Shares Treated as Distributions, ”as applicable. Whether a redemption qualifies for sale or exchange treatment will depend largely on the total number of shares of Emerald Public Shares treated as held by you (including any shares constructively owned by you, such as any Emerald Public Shares constructively held by you as a result of owning any Public Warrants) relative to all of the Emerald Public Shares outstanding both before and after all redemptions (by you and other holders of Emerald Public Shares) in connection with the Merger. The redemption of Emerald Public Shares generally will be treated as a sale of the Emerald Public Shares (rather than as a corporate distribution) if the redemption (i) results in a “complete termination” of your interest in Emerald, (ii) is “not essentially equivalent to a dividend” with respect to you or (iii) is a “substantially disproportionate redemption” with respect to you. These tests are explained more fully below. In determining whether any of the foregoing tests are satisfied, you must take into account not only Emerald Public Shares actually owned by you, but also Emerald Public Shares that are constructively owned by you. You may constructively own, in addition to shares owned directly, shares owned by certain related individuals and entities in which you have an interest or that have an interest in you, as well as any shares you have a right to acquire by exercise of an option (such as Public Warrants). There will be a complete termination of your interest if either (i) all of the shares of Emerald Public Shares actually and constructively owned by you are