Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 32

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 32
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 Merger Agreement and the Business Combination and to approve the other proposals as described in this proxy statement/prospectus. In accordance with the Support Agreement, entered into concurrently with the execution of the Merger Agreement, holders of 9,591,222shares of Emerald Class A Common Stock (or 66.8% of the outstanding shares of Emerald Common Stock as of September30, 2024) have agreed to vote in favor of each of the proposals, subject to certain customary conditions. Assuming all of the outstanding shares of Emerald Common Stock subject to the Support Agreement are voted in favor of each proposal, in accordance with the terms of the Support Agreement, the votes of such shares of Emerald Common Stock will be sufficient for the approval of the Business Combination Proposal, the Organizational Documents Proposal, each of the Advisory Organizational Documents Proposals, the Equity Incentive Plan Proposal, the Employee Stock Purchase Plan Proposal, the Nasdaq Proposal, the Adjournment Proposal and each director nominee pursuant to the Election of Directors Proposal, and will not require the vote of any additional shares of Emerald Common Stock in order to be approved. Q.Are any of the proposals conditioned on one another? A.The Organizational Documents Proposal, Advisory Organizational Documents Proposals, Election of Directors Proposal, Equity Incentive Plan Proposal and Employee Stock Purchase Plan Proposal are all conditioned on the approval of each of the Business Combination Proposal and the Nasdaq Proposal. The Nasdaq Proposal 10 is conditioned on the approval of the Business Combination Proposal. The Business Combination Proposal is conditioned on the approval of the Nasdaq Proposal and the Organizational Documents Proposal. The Adjournment Proposal does not require the approval of any other proposal to be effective. It is important for you to note that in the event that the Business Combination Proposal is not approved, then Emerald will not consummate the Business Combination. If Emerald does not consummate the Business Combination and fails to complete an initial business combination by December 20, 2025 (the “Extension Deadline”), then Emerald will be required to dissolve and liquidate. Q.What will happen upon the consummation of the Business Combination? A.On the Closing Date, Merger Sub will be merged with and into Fold, with Fold surviving the Merger as a wholly owned subsidiary of Emerald. The Merger will have the effects specified under Delaware law. At the Closing, as a result of the Business Combination, (i) each share of Fold Common Stock issued and outstanding immediately prior to the Effective Time (but excluding any (x) shares of Fold