Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 364

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 364
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 factors as they relate to bitcoin specifically impact our business: • Awareness:The perception of bitcoin as a legitimate and secure asset class and technology by the general public plays a crucial role. The pace and effectiveness of continued education and awareness will impact adoption rates. • Regulation:The global regulatory landscape for bitcoin, including clarity around legal status, accounting and tax treatment, and other compliance requirements will significantly impact its growth. Favorable regulations can encourage adoption, while restrictive measures can hinder it. • Institutional Adoption:Increased participation by institutional investors, including hedge funds, mutual funds, corporations, and nation states can drive market confidence and liquidity, supporting continued growth. 230 • Political environment:Bitcoin has entered the political conversation in the United States and abroad. As a global leader in innovation and new technologies, we anticipate the United States political environment will become increasingly favorable for our industry. • Monetary Policy:Central bank monetary policies, especially those related to interest rates and monetary supply, can influence bitcoin adoption. Low -interestrates and expansive monetary policies that lead to currency debasement often lead to a search for alternative investments like bitcoin. • Technological innovation:Advances in blockchain technology, improvements in scalability (e.g., Lightning Network), and enhanced security protocols can increase bitcoin adoption and integration into various financial systems. Bitcoin market price risk Our bitcoin treasury assets and customer rewards liability are measured using observed prices from active exchanges which could result in volatility in our financial results in future periods. Adjustments are recorded in net income through “gain (loss) on digital assets” and “gain (loss) on customer reward liability” on the statements of operations. Therefore, negative swings in the market price of bitcoin could have a material impact on our earnings and on the carrying value of our digital assets. 231 INFORMATION ABOUT EMERALD General Emerald is a blank check company incorporated in February 2021 as Delaware corporation and formed for the purpose of effective a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Emerald has neither engaged in any operations nor generated any revenue to date. Based on Emerald’s business activities, Emerald is a “shell company” as defined under the Exchange Act because Emerald has no operations and nominal assets consisting almost entirely of cash. Emerald’s executive offices are located at 2929 Arch Street, Suite 1703, Philadelphia, PA 19104 and the telephone number is (215) 701 -9555. Permitted Purchases of Emerald Securities If Emerald seeks stockholder approval of the Business Combination and does not