Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 216

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 216
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etofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount
of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation,
or upon a dissolution following any such sale or transfer, that the holder of the Public Warrants would have received if such holder had
exercised their Public Warrants immediately prior to such event.

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Other Terms

The Public Warrants are issued in registered form
under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and Emerald. The warrant agreement
provides that the terms of the Public Warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective
provision, but requires the approval by the holders of at least a majority of the then outstanding Public Warrants to make any change
that adversely affects the interests of the registered holders of Public Warrants.

In addition, if (x) Emerald issues additional shares
of Common Stock or equity-linked securities for capital raising purposes in connection with the Closing at an issue price or effective
issue price of less than $9.20 per share (with such issue price or effective issue price to be determined in good faith by the Emerald
Board and, in the case of any such issuance to the Sponsors or its affiliates, without taking into account any Founder Shares held by
the Sponsors or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross
proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of
the Business Combination on the Closing Date (net of redemptions), and (z) the volume weighted average trading price of Common Stock during
the 20 trading day period starting on the trading day prior to the Closing Date (such price, the “Market Value”) is below
$9.20 per share, the exercise price of the Public Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of
the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described above under “Redemption of
Public Warrants when the price per share of Common Stock equals or exceeds $18.00” will be adjusted (to the nearest cent) to be
equal to