Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 426

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 426
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 and New Fold issues a notice of redemption of the Public Warrants, each Public Warrant holder will be entitled to exercise its Public Warrant prior to the scheduled redemption date. However, the price of New Fold Common Stock may fall below the $18.00 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) as well as the $11.50 (for whole shares) warrant exercise price after the redemption notice is issued. If New Fold calls the Public Warrants for redemption as described above, New Fold will have the option to require any holder that wishes to exercise its Public Warrant to do so on a “cashless basis.” In determining whether to require all holders to exercise their Public Warrants on a “cashless basis,” New Fold will consider, among other factors, its cash position, the number of Public Warrants that are outstanding and the dilutive effect on its 266 stockholders of issuing the maximum number of shares of New Fold Common Stock issuable upon the exercise of the Public Warrants. If New Fold takes advantage of this option, all holders of Public Warrants would pay the exercise price by surrendering their Public Warrants for that number of shares of New Fold Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of New Fold Common Stock underlying the Public Warrants, multiplied by the difference between the exercise price of the Public Warrants and the “fair market value” of New Fold Common Stock (defined below) by (y) the fair market value. The “fair market value” is the volume -weightedaverage price of the Class A common stock as reported during the ten trading day period ending on the trading day prior to the date that notice of exercise is received by the warrant agent from the holder of such warrants. If New Fold takes advantage of this option, the notice of redemption will contain the information necessary to calculate the number of shares of New Fold Common Stock to be received upon exercise of the Public Warrants, including the “fair market value” in such case. Requiring a cashless exercise in this manner will reduce the number of shares to be issued and thereby lessen the dilutive effect of a Public Warrant redemption. Redemption Procedures A holder of a Public Warrant may notify New Fold in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such Public Warrant, to the extent that after giving effect to such exercise, such person (to