Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 421

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 421
---
 Securities Act or another exemption. If that exemption, or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis. Redemption of Public Warrants when the price per share of New Fold Common Stock equals or exceeds $18.00 Once the Public Warrants become exercisable, New Fold may call the Public Warrants for redemption for cash: •in whole and not in part; •at a price of $0.01 per Public Warrant; •upon not less than 30 days’ prior written notice of redemption given after the Public Warrants become exercisable (the “30 -dayredemption period”) to each Public Warrant holder; •if, and only if, the reported last sale price of New Fold Common Stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 -tradingday period commencing once the Public Warrants become exercisable and ending three business days before we send the notice of redemption to the Public Warrant holders; and •if, and only if, there is a current registration statement in effect with respect to the shares of New Fold Common Stock underlying such Warrants. New Fold has established the last of the redemption criteria discussed above to prevent a redemption call unless there is at the time of the call a significant premium to the Public Warrant exercise price. If the foregoing conditions are satisfied and New Fold issues a notice of redemption of the Public Warrants, each Public Warrant holder will be entitled to exercise its Public Warrant prior to the scheduled redemption date. However, the price of New Fold Common Stock may fall below the $18.00 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) as well as the $11.50 (for whole shares) warrant exercise price after the redemption notice is issued. If New Fold calls the Public Warrants for redemption as described above, New Fold will have the option to require any holder that wishes to exercise its Public Warrant to do so on a “cashless basis.” In determining whether to require all holders to exercise their Public Warrants on a “cashless basis,” New Fold will consider, among other factors, its cash position, the number of Public Warrants that are outstanding and the dilutive effect on its 267 stockholders of issuing the maximum number of shares of New Fold Common Stock issuable upon