Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 9

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 9
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 historical financial statements of the
Company upon the Closing of the Transactions.

The rights of holders of our
Common Stock and Warrants are governed by our Third Amended and Restated certificate of incorporation (the “certificate of incorporation”),
our amended and restated bylaws (the “bylaws”), and the Delaware General Corporation Law (the “DGCL”). See the
section entitled “Description of Capital Stock.”

Private Placements

On January 3, 2024, FTAC Emerald entered into the
Polar Subscription Agreement with the Sponsors (as defined below) and Polar Multi-Strategy Master Fund (“Polar”) pursuant
to which Polar agreed to contribute to FTAC Emerald up to $550,000 (the “Polar Contribution”) to be repaid upon the closing
of the Business Combination in cash or in shares of Common Stock of Fold, at a rate of 1.0 share for each ten dollars ($10.00). In addition,
FTAC Emerald agreed to issue to Polar, 1.0 share of Common Stock of Fold for each dollar of the Polar Contribution funded as of or prior
to the closing of the Business Combination. FTAC Emerald and Polar also entered into (i) a Non-Redemption Agreement dated as of September
11, 2023, (ii) a Non-Redemption Agreement dated as of January 16, 2024 and (iii) a Contingent Share Transfer Agreement dated as of February
14, 2025 (collectively, the Polar NRAs”), pursuant to which FTAC Emerald agreed to issue to Polar an additional 130,000 shares of
Common Stock of Fold. The transactions contemplated by the Polar Subscription Agreement and the Polar NRAs are referred to herein collectively
as the “Polar Transaction.”

On December 24, 2024, Legacy Fold entered into
a Securities Purchase Agreement (the “SPV SPA”) with an institutional investor (the “Investor”) pursuant to which
the Investor purchased a note with an aggregate principal amount of $20.0 million which is convertible to shares of Common Stock of Fold
following the Business Combination (the “Initial SPV Note”). Fold also issued Series A, Series B, and Series C Warrants to
the Investor for approximately 0.9 million, 0.5 million, and 0.9 million shares, respectively (the “SPV Warrants”). The transactions
contemplated by the SPV SPA are collectively referred to herein as the “SPV