Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 292

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 292
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 therefor. Such capital gain or capital loss generally would be long -termcapital gain or capital loss if the Fold U.S. Holder has held the shares of Fold Common Stock for more than one year. The deductibility of capital losses is subject to limitations. For purposes of the above discussion, Fold stockholders who acquired their Fold Common Stock at different times or for different prices should consult their tax advisors regarding the manner in which gain or loss should be determined in their specific circumstances. 174 Reporting Requirements Each Fold U.S. Holder that receives shares of New Fold Common Stock in the Merger is required to retain permanent records pertaining to the Merger and make such records available to any authorized IRS officers and employees. Such records should specifically include information regarding the number, basis, and fair market value of the Fold Common Stock exchanged and the number of shares of New Fold Common Stock received in exchange therefor. Additionally, Fold U.S. Holders who owned immediately before the Merger (a) at least one percent (by vote or value) of the total outstanding stock of Fold or (b) Fold Common Stock with a tax basis of $1.0 million or more are required to attach a statement to their U.S. federal income tax returns for the year in which the Merger is consummated that contains the information listed in Treasury Regulation Section 1.368 -3(b). Such statement must include the holder’s tax basis in its Fold Common Stock surrendered in the Merger, the fair market value of such stock, the date of the Merger and the name and employer identification number of each of Fold and Emerald. Fold U.S. Holders should consult their tax advisors regarding the application of these rules. Backup Withholding and Information Reporting A Fold U.S. Holder may, under certain circumstances, be subject to information reporting and backup withholding on amounts received in the Merger, unless such holder properly establishes an exemption or provides its correct tax identification number and otherwise complies with the applicable requirements of the backup withholding rules. Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules may be refunded or credited against a payee’s U.S. federal income tax liability, if any, so long as such payee furnishes the required information to the IRS in a timely manner. 175 PROPOSAL NO. 2 — THE ORGANIZATIONAL DOCUMENTS PROPOSAL Overview As discussed in this proxy statement/prospectus, if the Business Combination Proposal is approved, then Emerald is asking its stockholders to approve the Organ