Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 317

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 317
---
 approval of the Nasdaq Proposal is also a condition to the Closing under the Merger Agreement. Effect of Proposal on Current Stockholders If the Nasdaq Proposal is adopted, we will issue up to 34,548,507shares of Emerald Class A Common Stock in connection with the Business Combination. The issuance of the shares of Emerald Class A Common Stock described above would result in significant dilution to Emerald stockholders and result in Emerald stockholders having a smaller percentage interest in the voting power, liquidation value and aggregate book value of Emerald. For further information, please see the section entitled “ Proposal No. 1 — The Business Combination Proposal — Ownership of New Fold After the Closing,” as well as the annexes to this proxy statement/prospectus. 191 Vote Required for Approval The Nasdaq Proposal is conditioned on the approval of the Business Combination Proposal at the special meeting. The Nasdaq Proposal will be approved and adopted if a majority of the votes cast in person online or by proxy at the special meeting vote “FOR” the Nasdaq Proposal. Failure to vote by proxy or to vote in person online at the special meeting or an abstention from voting will have no effect on the outcome of the vote on the Nasdaq Proposal. Recommendation of the Emerald Board THE EMERALD BOARD UNANIMOUSLY RECOMMENDS THAT
STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE NASDAQ PROPOSAL. 192 PROPOSAL NO. 8 — THE ADJOURNMENT PROPOSAL The Adjournment Proposal The Adjournment Proposal, if adopted, will allow the Emerald Board to adjourn the special meeting to a later date or dates to permit further solicitation of proxies. The Adjournment Proposal will only be presented to Emerald’s stockholders in the event that, based on the tabulated votes, there are not sufficient votes at the time of the special meeting to approve one or more of the proposals presented at the special meeting. In no event will the Emerald Board adjourn the special meeting or consummate the Business Combination beyond the date by which it may properly do so under the Existing Charter and Delaware law. Consequences if the Adjournment Proposal is Not Approved If the Adjournment Proposal is not approved by Emerald’s stockholders, the Emerald Board may not be able to adjourn the special meeting to a later date in the event that, based on the tabulated votes, there are not sufficient votes at the time of the special meeting to approve one or more of the proposals presented