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

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 22
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 Agreement and the Business Combination. “ Business Days” means any day other than Saturday, Sunday or a day on which banks are closed in New York City, New York. “ CCM” means Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC “ Closing” means the consummation of the Business Combination. “ Closing Date” means the date on which the Closing occurs. “ Closing Date Purchase Price” means: (a)in the event that the 60 -dayvolume -weightedaverage price of Bitcoin as of the day immediately prior to the Closing Date is less than $90,000, the Base Purchase Price; or (b)in the event that the 60 -dayvolume -weightedaverage price of Bitcoin as of the day immediately prior to the Closing Date is equal to or greater than $90,000, the Base Purchase Price, plus an amount equal to the product of (a) (i) the Adjusted Company Bitcoin Treasury Amount minus(ii) the Company Bitcoin Treasury Amount, multiplied by(b) 0.2; provided, that such additional amount shall not exceed $54.75 million. For purposes of this definition, the price of Bitcoin as reported on coinmarketcap.com shall be used to calculate the 60 -dayvolume -weightedaverage price of Bitcoin. “ Code” means the Internal Revenue Code of 1986, as amended. “ Code of Conduct” means the Code of Business Conduct and Ethics to be adopted by the New Fold Board and applicable to all of New Fold’s employees, executive officers and directors. “ Company Bitcoin Treasury Amount” means the number of Specified BTC multiplied by the 60 -dayvolume -weightedaverage price of Bitcoin as set forth in the Merger Agreement. 3 “ Conversion Amount” means all or any portion of the principal amount of the Investor Notes, plus accrued and unpaid interest, any late charges thereon and any other unpaid amounts, collectively. “ December 2024 Initial Investor Note” means the Senior Secured Convertible Note, $20million aggregate principal amount, issued by Fold to the Investor pursuant to the December 2024 Securities Purchase Agreement. “ December 2024 Investor Warrants” means the December 2024 Series A Warrants, the December 2024 Series B Warrants and the December 2024 Series C Warrants, collectively. “ December 2024 Securities Purchase Agreement” means that certain Securities Purchase Agreement, dated as of December24, 2024, by and between Fold and the Investor.