Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 195

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 195
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 disadvantageous to you, thereby making your Emerald Warrants worthless. Emerald has the ability to redeem outstanding Emerald Warrants at any time after they become exercisable and prior to their expiration, at a price of $0.01 per warrant, provided that the closing price of Emerald Class A Common Stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading -dayperiod ending on the third trading day 104 prior to the date on which Emerald gives proper notice of such redemption, provided that on the date Emerald gives notice of redemption and during the entire period thereafter until the time Emerald redeems the Emerald Warrants, it has an effective registration statement under the Securities Act covering the shares of Emerald Class A Common Stock issuable upon exercise of the Emerald Warrants and a current prospectus relating to them is available. If and when the Emerald Warrants become redeemable, Emerald may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. As a result, Emerald may redeem the Emerald Warrants as set forth above even if the holders are otherwise unable to exercise the Emerald Warrants. Redemption of the outstanding Emerald Warrants could force you: (i) to exercise your Emerald Warrants and pay the exercise price therefor at a time when it may be disadvantageous for you to do so, (ii) to sell your Emerald Warrants at the then -currentmarket price when you might otherwise wish to hold your Emerald Warrants or (iii) to accept the nominal redemption price which, at the time the outstanding Emerald Warrants are called for redemption, is likely to be substantially less than the market value of your Emerald Warrants. The Existing Charter and the Proposed Charter require, to the fullest extent permitted by law, that derivative actions brought in Emerald’s or New Fold’s name, as applicable, against their respective directors, officers, other employees or stockholders for breach of fiduciary duty and other similar actions may be brought only in the Court of Chancery in the State of Delaware, and, if brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented to service of process on such stockholder’s counsel, which may have the effect of discouraging lawsuits against Emerald’s or New Fold’s directors, officers, other employees or stockholders, as applicable. The Existing Charter and the Proposed Charter require, to the