Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 424

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 424
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or similar event, the number of shares of New Fold Common Stock issuable on exercise of each whole Public Warrant will be increased in proportion to such increase in the outstanding common stock. In addition, if we, at any time while the Public Warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to the holders of shares of New Fold Common Stock on account of such shares (or other securities into which the Public Warrants are convertible), other than (a) as described above, (b) certain ordinary cash dividends, (c) to satisfy the redemption rights of the holders of shares of Common Stock in connection with the Business Combination, (d) to satisfy the redemption rights of the holders of Common Stock in connection with a stockholder vote to amend the Existing Charter to modify the substance or timing of Emerald’s obligation to redeem 100% of its Common Stock if Emerald does not complete an initial business combination by the Extension Deadline or to provide for redemption in connection with the Closing or (e) in connection with the redemption of Common Stock upon Emerald’s failure to complete an initial business combination, then the warrant exercise price will be decreased, effective immediately after the effective date of such event, by the amount of cash and the fair market value of any securities or other assets paid on each share of New Fold Common Stock in respect of such event. If the number of outstanding shares of New Fold Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of New Fold Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of New Fold Common Stock issuable on exercise of each Public Warrant will be decreased in proportion to such decrease in outstanding shares of New Fold Common Stock. Whenever the number of shares of New Fold Common Stock purchasable upon the exercise of the Public Warrants is adjusted, as described above, the Public Warrant exercise price will be adjusted by multiplying the Public Warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be the number of shares of New Fold Common Stock purchasable upon the exercise of the Public Warrants immediately prior to such adjustment, and (y) the denominator of which will be the number of shares of New Fold Common Stock so purchasable immediately thereafter. In case of any reclassification or reorganization of the outstanding shares of New Fold Common Stock (other than those described above