Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 34

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 34
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 of the Business Combination?” below. As of September 30, 2024, there were 14,349,106shares of Emerald Class A Common Stock issued and outstanding. In addition, as of September 30, 2024, there were 12,922,712 Emerald Warrants issued and outstanding, consisting of 12,434,671 Public Warrants and 488,041 Private Placement Warrants. Each whole Emerald Warrant entitles the holder thereof to purchase one share of Emerald Class A Common Stock at a price of $11.50 per share. The Emerald Warrants will become exercisable 30 days after the completion of a business combination, and expire at 5:00 p.m., New York City time, five years after the completion of a business combination or earlier upon redemption or liquidation. In accordance with the Sponsor Share Restriction Agreement, all 488,041 Private Placement Warrants will be forfeited at closing of the Business Combination. Under the Existing Charter, Emerald must provide all holders of Public Shares with the opportunity to have their Public Shares redeemed upon the consummation of Emerald’s initial business combination in conjunction with a stockholder vote. 11 Q.Who is Fold? A.Founded in 2019, Fold is a pioneering bitcoin financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial products. Fold was formed with the goal of creating a modern financial services platform that allows consumers to accumulate, save, and use bitcoin to accomplish their daily and long -termfinancial goals. Fold partners with a bank to offer consumers an FDIC insured checking account and a Visa prepaid debit card and bill payments, and Fold offers an extensive catalog of merchant reward offers associated with the account and card. Fold also partners with third -partyservice providers that offer bitcoin exchange and custody services. Each of Fold’s products and services are available in the United States through the Fold mobile app. Q.What equity stake will current Emerald stockholders and Fold stockholders have in New Fold? A.It is anticipated that, upon the completion of the Business Combination, the ownership of New Fold will be as follows: •Current Fold stockholders will own 34,048,507shares of New Fold Common Stock, representing approximately 70.5% of the total shares outstanding under the minimum redemption scenario, 72.3% of the total shares under the 25% redemption scenario and 76.4% of the total shares outstanding under the maximum redemption scenario; •Under the minimum redemption scenario, current Emerald