Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 305

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 305
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 is in the best interests of Emerald and its stockholders and what he, she or they may believe is best for himself, herself, or themselves in determining to recommend that stockholders vote for the Equity Incentive Plan Proposal. In addition, Emerald’s directors, executive officers and the Sponsor and its affiliates may have interests in the Business Combination that may conflict with your interests as a stockholder. See the section titled “ The Business Combination — Interests of Emerald’s Directors and Officers in the Business Combination ” for a further discussion of these considerations. 185 PROPOSAL NO. 6 — THE EMPLOYEE STOCK PURCHASE PLAN PROPOSAL Overview As discussed in this proxy statement/prospectus, Emerald is asking its stockholders to approve the ESPP. The Emerald Board approved and adopted the ESPP, subject to stockholder approval. If the Emerald stockholders approve this proposal, the ESPP will become effective upon the consummation of the Business Combination. The terms of the ESPP have not yet been determined. The following is a summary of the expected material terms of the ESPP. A copy of the ESPP is attached to this proxy statement/prospectus as Annex E. Purpose of the ESPP The purpose of the ESPP is to assist employees of New Fold and its participating subsidiaries in acquiring an ownership interest in New Fold through accumulated payroll deductions. New Fold believes that the ESPP is a key factor in retaining its existing employees, recruiting and retaining new employees and aligning the interests of its employees with those of New Fold’s stockholders. Summary of the ESPP The following summarizes the expected material terms of the ESPP. This summary is qualified in its entirety by reference to the full text of the ESPP. The ESPP is comprised of two distinct components in order to provide increased flexibility to grant purchase rights under the ESPP to U.S. and any non -U.S. employees. Specifically, the ESPP authorizes (i) the grant of purchase rights to U.S. employees that are intended to qualify for favorable U.S. federal tax treatment under Section 423 of the Code (the “Section 423 Component”) and (ii) the grant of purchase rights that are not intended to be tax -qualifiedunder Section 423 of the Code to facilitate participation for any employees located outside of the United States who do not benefit from favorable U.S. tax treatment and to provide flexibility to comply with non -U.S. law and other considerations (the “Non -Section423 Component”). Where possible under local law and custom