Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 384

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 384
---
 remaining stockholders and the board of directors, dissolve and liquidate. There will be no redemption rights or liquidating distributions with respect to outstanding warrants, which will expire worthless if Emerald fails to complete the Business Combination by the Extension Deadline. Results of Operations Emerald has neither engaged in any operations (other than searching for a Business Combination after the IPO) nor generated any revenues to date. Emerald’s only activities from inception through September 30, 2024 were organizational activities, those necessary to prepare for the IPO, and, after the IPO, identifying a target company 245 for an initial Business Combination. Emerald does not expect to generate any operating revenues until after the completion of our Business Combination, at the earliest. Emerald generates non -operatingincome in the form of interest income on the marketable securities held in the Trust Account. Emerald incurs expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. For the nine months ended September 30, 2024, we had a net loss of $1,444,875, which consisted of general and administrative expenses of $2,154,179, interest expense of $323,197, provision for income tax of $482,369 and non -redemptionagreement expense of $838,825, offset by interest income earned on investments held in Trust Account of $2,353,695. For the nine months ended September 30, 2023, we had net income of $4,202,024, which consisted of interest income earned on investments held in Trust Account of $9,027,924, offset by formation and operating costs of $2,250,994, non -redemptionagreement expense of $708,400 and provision for income taxes of $1,866,506. For the year ended December 31, 2023, we had net income of $4,443,634, which consisted of interest income earned on investments held in Trust Account of $11,207,609, offset by operating and formation costs of $3,730,488, non -redemptionagreement expense of $708,400 and provision for income tax of $2,325,087. For the year ended December 31, 2022, we had net income of $1,115,764, which consisted of interest income earned on investments held in Trust Account of $3,619,061, offset by operating and formation costs of $1,776,