Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 204

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 204
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 available therefor.

Liquidation, Dissolution and Winding
Up

Subject to the rights of holders of our preferred
stock, in the event of any liquidation, dissolution or winding up of our affairs, whether voluntary or involuntary, after payment or provision
for payment of our debts and any other payments required by law and amounts payable upon shares of our preferred stock ranking senior
to the shares of our Common Stock upon such dissolution, liquidation or winding up, if any, our remaining net assets will be distributed
to the holders of our Common Stock and the holders of any other class or series of capital stock ranking equally with our Common Stock
upon such dissolution, liquidation or winding up, equally on a per share basis.

Preemptive or Other Rights

Our stockholders have no preemptive or other subscription
rights. No sinking fund provisions are applicable to our Common Stock.

Preferred Stock

Our Board has the authority to issue shares of
preferred stock from time to time on terms it may determine, to divide shares of preferred stock into one or more series and to fix the
designations, preferences, privileges, and restrictions of preferred stock, including dividend rights, conversion rights, voting rights,
terms of redemption, liquidation preference and the number of shares constituting any series or the designation of any series, all to
the fullest extent now or hereafter permitted by the DGCL. The issuance of our preferred stock could have the effect of decreasing the
trading price of our Common Stock, restricting dividends on the capital stock of Fold, diluting the voting power of our Common Stock,
impairing the liquidation rights of the capital stock of Fold, or delaying or preventing a change in control of Fold.

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Registration Rights

Amended and Restated Registration Rights Agreement

In connection with the consummation of the Business Combination and as contemplated by the Merger Agreement, the Company, Emerald ESG
Sponsor LLC (“ESG Sponsor”), Emerald ESG Advisors, LLC (“ESG Advisors”) and Emerald ESG Funding, LLC (“ESG
Funding” and, collectively with ESG Sponsor and ESG Advisors, the “Sponsors”), certain stockholders of Legacy Fold and
certain stockholders of the Company (collectively, the “Registration Rights Holders”) entered into an Amended and Restated
Registration Rights Agreement, dated as of February 14, 2025 (the “A&R Registration Rights Agreement”).

Polar Subscription Agreement

In connection