Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 180

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 180
---
 management’s and the board of directors’ attention and resources from New Fold’s business. Additionally, such securities litigation and stockholder activism could give rise to perceived uncertainties as to New Fold’s future, adversely affect its relationships with service providers and make it more difficult to attract and retain qualified personnel. Also, New Fold may be required to incur significant legal fees and other expenses related to any securities litigation and activist stockholder matters. Further, its stock price could be subject to significant fluctuation or otherwise be adversely affected by the events, risks and uncertainties of any securities litigation and stockholder activism. Risks Related to Emerald’s Business and the Business Combination Unless the context otherwise requires, all references to “we,” “us,” or “our” in this subsection refer to Emerald. The Business Combination and New Fold becoming a publicly listed company as a result of the Merger differs significantly from an underwritten initial public offering. There are risks to our stockholders who are not affiliates of the Sponsor of becoming stockholders of New Fold through the Business Combination rather than acquiring securities of Fold directly in an underwritten public offering, including no independent due diligence review by an underwriter and conflicts of interest of the Sponsor. Because there is no independent third -partyunderwriter involved in the Business Combination or the issuance of securities in connection therewith, investors will not receive the benefit of any outside independent review of Emerald’s or Fold’s respective finances and operations. Underwritten public offerings of securities conducted by a licensed broker -dealerare subjected to a due diligence review by the underwriter or dealer manager to satisfy statutory duties under the Securities Act, the rules of Financial Industry Regulatory Authority, Inc. (FINRA) and the national securities exchange where such securities are listed. Additionally, underwriters or dealer -managersconducting such public offerings are subject to liability for any material misstatements or omissions in a registration statement filed in connection with the public offering. As no such review will be conducted in connection with the Business Combination, our stockholders must rely on the information in this proxy statement/prospectus and will not have the benefit of an independent review and investigation of the type normally performed by an independent underwriter in a public securities offering. In addition, the Sponsor and certain of Emerald’s officers and directors have interests in the Business Combination that may be different from, or in addition to, the interests of our stockholders generally. Such interests may have influenced Emerald’s directors in making their recommendation that you vote in favor of the Business Combination Proposal and the other proposals described in this proxy statement/pro