Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 289

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 289
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2024, by and among the Company, EMLD Merger Sub Inc., a wholly -ownedsubsidiary of FTAC Emerald Acquisition Corp. (“Merger Sub”), and Fold. Pursuant to the Merger Agreement, Merger Sub merged with and into Fold (the “Merger,” and together with the other transactions contemplated by the Merger Agreement, the “Transactions”), with Fold surviving the merger as a wholly owned subsidiary of the Company. Business Prior to the Business Combination All activity through December 31, 2024, relates to the Company’s formation and the initial public offering (“Public Offering”), which is described below, and subsequent to the Public Offering, identifying a target company for a Business Combination and consummating the acquisition of Fold. The registration statement for the Company’s Public Offering was declared effective on December 15, 2021 (the “Effective Date”). On December 20, 2021, the Company consummated its Public Offering of 22,000,000 units (the “Units” and, with respect to the Class A common stock included in the Units being offered, the “public shares”) at $10.00 per Unit, which is discussed in Note 3, and the sale of 890,000 placement units (the “Private Placement Units”) at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor, which is discussed in Note 4 (“Private Placement”). The underwriter of the Company’s IPO subsequently provided notice of its election to partially exercise its over -allotmentoption, and the closing of the issuance and sale of the additional Units (the “Over -AllotmentOption Units”) occurred on January 14, 2022. A total aggregate issuance by the Company of 2,869,342 Over -AllotmentOption Units at a price of $10.00 per Over -AllotmentOption Unit resulted in total gross proceeds of $28,693,420 to the Company. Simultaneously with the issuance and sale of the Over -AllotmentOption Units, the Company consummated the private sale of an additional 86,081 Private Placement Units (the “Additional Private Placement Units”) at a price of $10.00 per Additional Private Placement Unit to the Sponsor, generating gross proceeds of $860,810. Transaction costs related to the Public Offering and over -allotmentamounted to $14,181,568, consisting of $4,973,868 of underwriting commissions,