Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 162

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 162
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 us or our existing stockholders in the public market following the Closing could cause the market price for our common stock to decline. The sale of substantial amounts of shares of our common stock in the public market, or the perception that such sales could occur, could harm the prevailing market price of shares of our common stock. These sales, or the possibility that these sales may occur, also might make it more difficult for us to sell equity securities in the future at a time and at a price that we deem appropriate. Upon consummation of the Business Combination, assuming no further redemptions of Emerald Class A Common Stock, we will have a total of 48,785,545shares of common stock outstanding, consisting of (i) 34,548,507shares issued to holders of Fold Capital Stock, (ii) 4,645,816shares held by Emerald Public Stockholders, (iii) 3,297,500shares held by Polar and parties to the Non -RedemptionAgreements, and (iv) 6,293,722shares held by the Sponsor and its affiliates. All shares issued as Merger Consideration in the Business Combination will be freely tradable without registration under the Securities Act and without restriction by persons other than our “affiliates” (as defined under Rule 144 of the Securities Act, referred to herein as “Rule 144”), including our directors, executive officers and other affiliates. Pursuant to that certain letter agreement, dated December 15, 2021, by and among Emerald, certain of its officers and directors, the Sponsor and certain other Emerald stockholders party thereto (the “2021 Letter Agreement”), as modified by the Sponsor Share Restriction Agreement, our Sponsor and certain of Emerald’s directors, officers and stockholders are prohibited from selling, pledging, transferring or otherwise disposing of their ownership interest in New Fold Common Stock issuable upon conversion of shares of Emerald Class A Common Stock. Of these shares: •976,081 will be subject to transfer restrictions until 30 days after the Closing; •1,772,547 will remain subject to transfer restrictions until the earlier of (a) six months following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; 87 •1,772,547 will remain subject to transfer restrictions until the earlier of (a) (x) in the event that Emerald and