Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 68

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 68
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 with the terms of the Support Agreement, the votes of such shares of Emerald Common Stock will be sufficient for the approval of the Business Combination Proposal, the Organizational Documents Proposal, each of the Advisory Organizational Documents Proposals, the Equity Incentive Plan Proposal, the Employee Stock Purchase Plan Proposal, the Nasdaq Proposal, the Adjournment Proposal and each director nominee pursuant to the Election of Directors Proposal, and will not require the vote of any additional shares of Emerald Common Stock in order to be approved. For more information about these proposals, see the section entitled “ Quorum and Vote Required for the Emerald Proposals.” Recommendation to Emerald Stockholders Our board of directors believes that each of the Emerald Proposals is in the best interests of Emerald and our stockholders and unanimously recommends that its stockholders vote “FOR” each of the Emerald Proposals, including “FOR” each of the director nominees. Emerald Board’s Reasons for the Approval of the Business Combination After careful consideration, the Emerald Board recommends that its stockholders vote “FOR” the approval of the Business Combination Proposal. For a description of the Emerald Board’s reasons for the approval of the Business Combination, see the section entitled “ The Business Combination — Emerald Board’s Reasons for the Approval of the Business Combination.” Opinion of Emerald’s Financial Advisor Emerald has engaged Northland Securities, Inc. (“Northland”) as Emerald’s financial advisor in connection with the Merger. In connection with this engagement, Northland delivered a written opinion, dated July 23, 2024, to the Emerald board of directors as to the fairness, from a financial point of view and as of the date of such opinion, of (i) the consideration to be paid by Emerald to the Fold stockholders pursuant to the Merger Agreement, and (ii) whether Fold has an aggregate fair market value equal to at least 80 percent of the balance of Emerald’s Trust Account. The full text of Northland’s written opinion, which describes the assumptions made, procedures followed, matters considered and qualifications and limitations on the review undertaken, is attached to this proxy statement/prospectus as Annex Fhereto and is incorporated by reference herein in its entirety. The description of Northland’s opinion set forth in this proxy statement/prospectus is qualified in its entirety by reference to the full text of Northland’s opinion. Northland’s opinion and advisory services were intended for the benefit and use of the Emerald board of directors (in its capacity as such) in connection with its evaluation of the consideration to be paid by Emerald to