Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 121

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 121
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 assumptions and estimates underlying the unaudited pro forma adjustments are described in the accompanying notes. Actual results may differ materially from the assumptions used to present the accompanying unaudited pro forma condensed combined financial information. The unaudited pro forma condensed combined financial statements have been prepared for illustrative purposes only and are not necessarily indicative of what the actual results of operations and financial position would have been had the Business Combination and related transactions taken place on the dates indicated, nor do they purport to project the future consolidated results of operations or financial position of the combined company. They should be read in conjunction with the audited financial statements and notes thereto of each of Emerald and Fold as of and for the year ended December 31, 2024, respectively and included elsewhere in this filing. There were no significant intercompany balances or transactions between Emerald and Fold as of the date and for the period of these unaudited pro forma condensed combined financial statements. The pro forma basic and diluted earnings per share amounts presented in the unaudited pro forma condensed combined statements of operations are based upon the number of Emerald’s common shares outstanding, assuming the Business Combination and related transactions occurred on January 1, 2024. Note 2. Unaudited Pro Forma Condensed Combined Balance Sheet Adjustments Because the Business Combination and related financing transactions were included in the condensed balance sheet as of March 31, 2025, no unaudited pro forma condensed combined balance sheet adjustments are included within this registration statement. Note 3. Unaudited Pro Forma Condensed Combined Statements of Operations The pro forma adjustments included in the unaudited pro forma condensed combined statements of operations for the year ended December 31, 2024, are as follows: a)Represents the elimination of interest income on Emerald’s Trust Account for the year ended December 31, 2024. b)Represents the recognition of the share -basedcompensation expense associated with the Restricted Stock Units which will convert to Fold Common Stock immediately prior to the closing of the transaction and will continue to vest during the year ended December 31, 2024. c)Represents the elimination of non -redemptionagreement expense related to Emerald’s non -redemptionagreements with unaffiliated third parties in exchange for each such party agreeing not to redeem public shares for the year ended December 31, 2024. d)Represents the elimination of $88.4 million of historical changes in fair value associated with Fold’s SAFEs for the year ended December