Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 368

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 368
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 purchases of our securities may result in the completion of the Business Combination that may not otherwise have been possible. In addition, if such purchases are made, the public “float” of Emerald’s shares of Class A common stock or warrants may be reduced and the number of beneficial holders of Emerald’s securities may be reduced, which may make it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange. Emerald’s Sponsor, officers, directors and/or their affiliates anticipate that they may identify the stockholders with whom Emerald’s Sponsor, officers, directors or their affiliates may pursue privately negotiated purchases by either the stockholders contacting us directly or by our receipt of redemption requests submitted by stockholders following our mailing of proxy materials in connection with our Business Combination. To the extent that the Sponsor, officers, directors or their affiliates enter into a private purchase, they would identify and contact only potential selling stockholders who have expressed their election to redeem their shares for a pro rata share of the Trust Account or vote against our Business Combination, whether or not such stockholder has already submitted a proxy with respect to our Business Combination. Emerald’s Sponsor, officers, directors or their affiliates will only purchase public shares if such purchases comply with Regulation M under the Exchange Act and the other federal securities laws. Any purchases by Emerald’s Sponsor, officers, directors and/or their affiliates who are affiliated purchasers under Rule 10b -18under the Exchange Act will only be made to the extent such purchases are able to be made in compliance with Rule 10b -18, which is a safe harbor from liability for manipulation under Section 9(a)(2) and Rule 10b -5of the Exchange Act. Rule 10b -18has certain technical requirements that must be complied with in order for the safe harbor to be available to the purchaser. The Sponsor, officers, directors and/or their affiliates 232 will not make purchases of common stock if the purchases would violate Section 9(a)(2) or Rule 10b -5of the Exchange Act. Emerald expects that any such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange Act to the extent such purchases are subject to such reporting requirements. Redemption Rights for Public Stockholders Upon Completion of the Business Combination Emerald will provide its public stockholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of the Business Combination at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account as of