Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 235

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 235
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 although not weighted or in any order of significance: • Strong management team:Led by its founder and CEO, Will Reeves, Fold has built a leading management team with deep experience at the intersection of financial services, technology and Bitcoin -centricfinancial products. Fold’s management team has demonstrated a history of successfully understanding its underlying consumer base and how to utilize a variety of media and channels to reach such consumer base. • Opportunities for growth:Fold is poised for organic growth both by (i) continuing to expand its customer base both as a result of its own marketing initiatives and, more generally, as bitcoin continues to grow in popularity and (ii) cross -sellexisting products to its user base and develop new products and services, including with respect to payments, custody and trading, lending and other consumer financial services activities. • Defensible/differentiated business niche:By providing financial services products at the intersection of bitcoin and the traditional financial services space, Fold has established a defensible business niche. Fold benefits from its established credibility in the bitcoin community as a bitcoin -centricplatform, resulting in a loyal customer base that is poised to expand its relationship with Fold as Fold continues to develop new products and services. • Commitment to providing social and financial value:Fold core rewards product has enabled its users to accumulate wealth in an asset that has generally appreciated in value in dollar terms over time, thereby enhancing such users’ purchasing power and giving them another tool to achieve financial freedom. In considering the Merger, the Emerald Board also gave consideration to the following negative factors, although not weighted or in any order of significance: •Emerald’s public stockholders will hold a minority share position in the post -Mergercompany. •Emerald stockholders may object to and challenge the Merger and take actions that may prevent or delay the consummation of the Merger, including to vote down the proposals at the special meeting or exercise their redemption rights. •The potential for diversion of management and employee attention during the period prior to completion of the Merger, and the potential negative effects on Fold’s business. •The risk that, despite the efforts of Emerald and Fold prior to the consummation of the Merger, Fold may lose key personnel, and the potential resulting negative effects on Fold’s business. 137 •The possibility that Fold might not achieve its projected financial results. •The risk associated with macroeconomic uncertainty and the effects it could have on Fold’s revenues. •The risk that Emerald is unable to retain sufficient cash in the Trust Account to meet