Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 515

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 515
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 $ 10.00per Unit. Each Unit consists of oneshare of Class A common stock and one -halfof oneredeemable warrant (the “Public Warrants”). On January 11, 2022, the underwriter partially exercised its over -allotmentoption, resulting in the sale on January 14, 2022 of an additional 2,869,342Units. All of the shares of Class A common stock sold as part of the Units in the IPO contain a redemption feature which allows for the redemption of such public shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company’s certificate of incorporation. In accordance with the guidance in ASC Topic 480, “Distinguishing Liabilities from Equity,” and with the SEC and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480 -10-S99, redemption provisions not solely within the control of the Company require common stock subject to redemption to be classified outside of permanent equity. F-58

FTAC EMERALD ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 and 2022 NOTE 3. INITIAL PUBLIC OFFERING (cont.)

| Gross proceeds, including over-allotment                               |     | $ | 248,693,420 |   |
| Less:                                                                  |     |   |             |   |
| Proceeds allocated to Public Warrants                                  |     |   |  (8,264,360 | ) |
| Class A common stock issuance costs                                    |     |   | (13,734,146 | ) |
| Plus:                                                                  |     |   |             |   |
| Accretion of carrying value to redemption value                        |     |   |  27,119,341 |   |
| Class A common stock subject to possible redemption, December 31, 2022 |     |   | 253,814,255 |   |
| Less:                                                                  |     |   |             |   |
| Redemption of shares                                                   |     |   | (96,791,644 | ) |
| Plus:                                                                  |     |   |             |   |
| Accretion of carrying value to redemption value                        |     |   |   8,699,271 |   |
| Class A common stock subject to possible redemption, December