Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 166

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 166
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 any consecutive 30 trading day period ending after the date that is 90 days after the Closing. In addition, pursuant to the Registration Rights Agreement, certain stockholders will have the right, subject to certain conditions, to require us to register the sale of their shares of our common stock under the Securities Act. By exercising their registration rights and selling a large number of shares, these stockholders could cause the prevailing market price of our common stock to decline. Following completion of the Business Combination, the shares covered by registration rights would represent approximately [11.0]% and [11.5]% of our outstanding common stock assuming no redemptions of Emerald Common Stock and maximum redemptions of Emerald Common Stock, respectively. See the section entitled “ Certain Agreements Related to the Business Combination — Registration Rights Agreement” for a description of these registration rights. In addition, following the completion of the Business Combination, the shares of our common stock issuable pursuant to the converted Fold RSUs and the shares reserved for future issuance under the Incentive Award Plan and the ESPP will become eligible for sale in the public market once those shares are issued, subject to provisions relating to various vesting agreements, lock -upagreements and, in some cases, limitations on volume and manner of sale applicable to affiliates under Rule 144, as applicable. The number of shares to be initially reserved for future issuance under the Incentive Award Plan is expected to equal [•]% of the fully diluted number of shares of common stock outstanding as of the Closing, plus (i) any shares which remain available for issuance under Fold’s 2019 Equity Incentive Plan (as amended, the “2019 Plan”) as of the Closing, and (ii) any shares which are subject to awards under the 2019 Plan as of the Closing which become available for grant under the Incentive Award Plan following the Closing pursuant to the terms of the Incentive Award Plan. The number of shares to be initially reserved for future issuance under the ESPP is expected to equal 2.0% of the fully diluted number of shares of common stock outstanding as of the Closing. We expect to file one or more registration statements on Form S -8under the Securities Act to register shares of our common stock issuable pursuant to the converted Fold RSUs, the Incentive Award Plan and the ESPP. Any such Form S -8registration statements will automatically become effective upon filing. Accordingly, shares registered under such registration statements will generally be available for sale in the open