Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 294

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 294
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 otherwise complies with the applicable requirements of the backup withholding rules. Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules may be refunded or credited against a payee’s U.S. federal income tax liability, if any, so long as such payee furnishes the required information to the IRS in a timely manner. 175 PROPOSAL NO. 2 — THE ORGANIZATIONAL DOCUMENTS PROPOSAL Overview As discussed in this proxy statement/prospectus, if the Business Combination Proposal is approved, then Emerald is asking its stockholders to approve the Organizational Documents Proposal. Under the Merger Agreement, the approval of the Organizational Documents Proposal is also a condition to the consummation of the Business Combination. If, however, the Organizational Documents Proposal is approved but the Business Combination Proposal is not approved, then the Business Combination will not be consummated. If the Organizational Documents Proposal is approved and the Business Combination is to be consummated, then the Proposed Charter and the Proposed Bylaws will be substantially in the form set forth on Annex Band Annex C, respectively, which, in the judgment of the Emerald Board, are necessary to adequately address the needs of New Fold following the Closing. The approval or lack thereof of any of the Advisory Organizational Documents Proposals will not affect the effectiveness of the Organizational Documents Proposals if approved by the requisite Emerald stockholders. All Emerald stockholders are encouraged to read the proposed organizational documents in their entirety for a more complete description of their terms. Reasons for the Amendments to Emerald’s Existing Charter Each of the Proposed Charter and the Proposed Bylaws was negotiated as part of the Business Combination. The Emerald Board’s specific reasons for each of the Advisory Organizational Documents Proposals (each of which are included in the Proposed Charter or the Proposed Bylaws) are set forth in the section “ Proposals No. 3 — The Advisory Organizational Documents Proposals.” Vote Required for Approval The Organizational Documents Proposal is conditioned on the approval of the Business Combination Proposal and the Nasdaq Proposal at the special meeting. The affirmative vote (in person or by proxy) of the majority of the issued and outstanding shares of the Emerald Class A Common Stock, as well as the vote of a majority of the issued and outstanding shares of Emerald Class A Common Stock and Emerald Class B Common Stock, voting together as a single class, is required to approve the Organizational Documents Proposal. Broker non -votes, abstentions or the failure to vote on the Organizational Documents Proposal will have