Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 213

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 213
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resents the recognition of the share -basedcompensation expense associated with the Restricted Stock Units which will convert to Fold Common Stock immediately prior to the closing of the transaction and will continue to vest during the nine months ended September 30, 2024 and the year ended December 31, 2023. 122 c)Represents the elimination of non -redemptionagreement expense related to Emerald’s non -redemptionagreements with unaffiliated third parties in exchange for each such party agreeing not to redeem public shares for the nine months ended September 30, 2024, and the year ended December 31, 2023. d)Represents the elimination of $59.0 million and $1.4 million of historical changes in fair value associated with Fold’s SAFEs for the nine months ended September 30, 2024, and the year ended December 31, 2023, respectively. The elimination of these fair value adjustments to the SAFEs is a result of the SAFEs being converted to Fold common shares upon the close of the Business Combination. Refer to Note 2(b) for more information. e)Represents the elimination of interest expense related to the amortization of Emerald’s discount on its promissory note with Polar for the nine months ended September 30, 2024. See Note 2(e) for more detail. f)Represents the elimination of $0.5 million and $2.3 million of historical income tax expense for the nine months ended September 30, 2024, and the year ended December 31, 2023, respectively. The elimination of these tax provisions is due to the removal of investment trust income. g)Represents the recognition of $2.8million and $3.7million of amortization of the estimated debt discount and debt issuance costs into interest expense related to the December 2024 Initial Investor Financing for the nine months ended September30, 2024, and the year ended December31, 2023, respectively. Note 4. Earnings (Loss) Per Share Pro Forma Weighted Average Shares (Basic and Diluted) The following pro forma weighted average shares calculations have been performed for the nine months ended September 30, 2024 and for the year ended December 31, 2023. The unaudited condensed combined pro forma earnings (loss) per share (“EPS”), basic and diluted, are computed by dividing earnings or loss by the weighted -averagenumber of shares of common