Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 518

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 518
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 Meeting on September 19, 2023, the Sponsor determined to convert all the outstanding shares of Class B common stock into shares of Class A common stock on a one -for -onebasis (the “Class B Conversion”). Notwithstanding the Class B Conversion, the Sponsor, as well as the Company’s officers and directors, will not be entitled to receive any funds held in the Trust Account with respect to any shares of Class A common stock issued to such holders as a result of the Class B Conversion, and no additional amounts will be deposited into the Trust Account in respect of shares of Class A common stock held by the Sponsor. As of December 31, 2023 and 2022, there were 25,221,372 and 25,845,423shares of Class A common stock issued and outstanding, respectively, of which 15,630,150shares and 24,869,342shares are subject to possible redemption, respectively, and thus classified as temporary equity. Class B Common Stock The Company is authorized to issue 10,000,000shares of Class B common stock with a par value of $0.0001 per share. Holders of the Class B common stock are entitled to one vote for each share. Holders of Class B common stock will vote on the election of directors prior to the consummation of a Business Combination. Holders of Class A common stock and Class B common stock will vote together as a single class on all other matters submitted to a vote of stockholders except as required by law. Following the Meeting on September 19, 2023, the Sponsor determined to convert all of the outstanding shares of Class B common stock to shares of Class A common stock on a one -for -onebasis. As of December 31, 2023 and 2022, there were no shares and 8,615,141shares of Class B common stock issued and outstanding, respectively, of which 1,133,333shares were subject to forfeiture as of December 31, 2021 to the extent that the underwriter’s over -allotmentoption was not exercised in full so that the Founder Shares will represent, on an as -convertedbasis, 25% of the Company’s issued and outstanding shares after the Public Offering. The underwriter subsequently provided notice of its election to partially exercise its over -allotmentoption, and the closing of the sale of the additional Units occurred on January 14, 2022. As a result of the underwriter