Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 30

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 30
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 the financial statements and annexes attached hereto and the other documents referred to herein. Questions and Answers about the Special Meeting of Emerald’s Stockholders and the Related Proposals Q.Why am I receiving this proxy statement/prospectus? A.Emerald has entered into the Merger Agreement with Fold and the other parties thereto pursuant to which Merger Sub will merge with and into Fold, whereupon the separate corporate existence of Merger Sub will cease and Fold will be the surviving company and continue in existence as a wholly owned subsidiary of Emerald. A copy of the Merger Agreement is attached to this proxy statement/prospectus as Annex A. Emerald stockholders are being asked to consider and vote upon the Business Combination Proposal to approve the adoption of the Merger Agreement and the Business Combination, among other proposals. Emerald Units, Emerald Class A Common Stock and the Public Warrants are currently traded on the OTCQB Venture Market, under the symbols “FLDDU,” “FLDD,” and “FLDDW,” respectively. Emerald intends to apply to continue the listing of New Fold Common Stock and Public Warrants on the Nasdaq Global Market under the symbols “FLD” and “FLDDW” upon the Closing. At the Closing, each Emerald Unit will separate into its components consisting of one share of Emerald Class A Common Stock and one -halfof one redeemable Public Warrant, and therefore there will be no Nasdaq listing of the Emerald Units following the consummation of the Business Combination. The Sponsor and Emerald’s officers and directors have agreed to (a) vote all of their shares of Emerald Class B Common Stock and all of their shares of Emerald Class A Common Stock in favor of the Business Combination, and (b) certain restrictions on their shares of Emerald Common Stock. At the Closing, as a result of the Business Combination, (i) each share of Fold Common Stock issued and outstanding immediately prior to the Effective Time (but excluding any (x) shares of Fold Common Stock subject to Fold RSUs and (y) shares of Fold Common Stock held by Fold as treasury stock) will be cancelled and converted into the right to receive a number of shares of Emerald Class A Common Stock (rounded down to the nearest whole share) equal to the quotient obtained by (a) the Aggregate Merger Consideration, dividedby (b) the Exchange Ratio, and (ii) each outstanding award of Fold RSUs shall automatically be converted into an award of restricted stock covering a number of shares of New Fold Common Stock determined by