Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 174

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 174
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 disclosure and governance requirements applicable to emerging growth companies, New Fold’s Class A shares may be less attractive to investors. New Fold will qualify as an “emerging growth company” as defined in Section 2(a)(19) of the Securities Act, as modified by the JOBS Act, as of the closing of the Business Combination. As such, New Fold will be eligible for and intends to take advantage of certain exemptions from various reporting requirements applicable to other public companies that are not emerging growth companies for as long as it continues to be an emerging growth company, including, but not limited to, (a) not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -OxleyAct, (b) reduced disclosure obligations regarding executive compensation in New Fold’s periodic reports and proxy statements and (c) exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. As a result, New Fold’s stockholders may not have access to certain information they may deem important. New Fold will remain an emerging growth company until the earliest of (i) the last day of the fiscal year in which the market value of shares of Common Stock that are held by non -affiliatesexceeds $700 million as of June 30 of that fiscal year, (ii) the last day of the fiscal year in which it has total annual gross revenue of $1.235 billion or more during such fiscal year (as indexed for inflation), (iii) the date on which it has issued more than $1 billion in non -convertibledebt in the prior three -yearperiod or (iv) December 31, 2026, which is the last day of the fiscal year following the fifth anniversary of the date of the first sale of Common Stock in Emerald’s initial public offering. We cannot predict whether investors will find New Fold’s securities less attractive because it will rely on these exemptions. If some investors find New Fold’s securities less attractive as a result of its reliance on these exemptions, the trading prices of New Fold’s securities may be lower than they otherwise would be, there may be a less active trading market for New Fold’s securities and the trading prices of New Fold’s securities may be more volatile. 94 Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had