Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 224

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 224
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 stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. The Business Combination is the result of an extensive search by Emerald’s management team, including the Emerald Board, leveraging their individual and collective networks and investing and operating experience. The terms of the Merger Agreement are the result of extensive discussions and negotiations between representatives of Emerald and Fold. The following provides a brief background of these discussions and negotiations, the Business Combination and related transactions. Prior to the consummation of the IPO on December 20, 2021, neither Emerald nor anyone on its behalf, had contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to a transaction with Fold. After the IPO, Emerald’s officers and directors commenced an active search for prospective businesses and assets to acquire. In connection with the evaluating potential business combinations, members of Emerald’s management contacted and were contacted by, a number of individuals, entities, investment banks and private equity funds with respect to potential business combination opportunities. The parties have continued and expect to continue regular discussions regarding the execution and timing of the Business Combination and to take all requisite corporate actions to advance towards the closing of the Business Combination. Emerald’s original certificate of incorporation provided that it had until June 20, 2023 to consummate a business combination transaction, which period would be automatically extended by three months upon Emerald’s entry into a letter of intent with respect to a potential business combination. On March 16, 2023, Emerald entered into a non -bindingletter of intent with respect to a business combination, triggering such extension (to September 20, 2023). On September 19, 2023, Emerald held a special meeting of its stockholders at which the stockholders approved an amendment (the “Charter Amendment”) to its certificate of incorporation to extend the date by which Emerald has to consummate its initial business combination from September 20, 2023 to January 19, 2024 (or such earlier date as determined by the Emerald Board). Between September 7, 2023 and September 15, 2023, Emerald entered into non -redemptionagreements with unaffiliated third parties (the “2023 Non -RedemptionAgreements”) in exchange for each such party agreeing not to redeem Public Shares in connection with the First Extension Meeting. In exchange for the commitments not to redeem Public Shares, Emerald agreed to issue or cause to be issued an aggregate of 1,610,000 shares of Class