Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 197

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 197
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 of the funds held in the Trust Account to our Public Stockholders as part of our redemption of the public shares. If we do not invest the proceeds as discussed above, we may be deemed to be subject to the Investment Company Act. If we were deemed to be subject to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for which we have not allotted funds and may hinder our ability to consummate our initial business combination. If we are unable to complete our initial business combination, our Public Stockholders may receive only approximately $10.10 per share on the liquidation of our Trust Account and our warrants will expire worthless. In certain circumstances, our Public Stockholders may receive less than $10.10 per share on the redemption of their shares. Risks Related to Redemptions Unless the context otherwise requires, all references to “we,” “us,” or “our” in this subsection refer to Emerald. If a stockholder fails to receive notice of Emerald’s offer to redeem the Public Shares in connection with the Business Combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed. Emerald will comply with proxy rules when conducting redemptions in connection with the Business Combination. Despite Emerald’s compliance with these rules, if a stockholder fails to receive Emerald’s proxy materials, such stockholder may not become aware of the opportunity to redeem its shares. In addition, proxy materials that Emerald furnishes to the Public Stockholders in connection with the Business Combination will describe the various procedures that must be complied with in order to validly redeem Public Shares. In the event that a stockholder fails to comply with these or any other procedures, its shares may not be redeemed. Emerald does not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for Emerald to complete the Business Combination with which a substantial majority of Emerald’s stockholders do not agree. We may be able to consummate a business combination even though a substantial number of our Public Stockholders do not agree with the transaction and have redeemed their Public Shares. However, in no event will we redeem our Public Shares in an amount that would cause our net tangible assets to be less than $5,000,001 upon consummation of the Business Combination, and the amount that we redeem may be further limited by the terms and conditions of our initial business combination. In such case, we would not proceed with the redemption of our Public Shares and the Business Combination. If we are unable to consummate our