Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 172

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 172
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 limit New Fold’s ability to achieve the anticipated benefits of the Business Combination. The adverse effect of such disruptions could also be exacerbated by a delay in the closing of the Business Combination or the termination of the Merger Agreement. Subsequent to the consummation of the Business Combination, New Fold may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on its financial condition, results of operations and share price, which could cause you to lose some or all of your investment. Although Emerald has conducted due diligence on Fold, Emerald cannot assure you that this diligence will surface all material issues that may be present in Fold’s business, that it would be possible to uncover all material issues through a customary amount of due diligence or that factors outside of Fold’s business and outside of its control will not later arise. As a result of these factors, New Fold may be forced to later write -downor write -offassets, restructure its operations or incur impairment or other charges that could result in its reporting losses. Even if Emerald’s due diligence successfully identified certain risks, unexpected risks may arise and previously known risks may materialize in a manner not consistent with Emerald’s risk analysis. Even though these charges may be non -cashitems and would not have an immediate impact on New Fold’s liquidity, the fact that New Fold reports charges of this nature could contribute to negative market perceptions of New Fold or its securities. Accordingly, any stockholders who choose to remain stockholders following the Business Combination could suffer a reduction in the value of their shares. Such stockholders are unlikely to have a remedy for such reduction in value. Emerald and Fold will incur significant transaction and transition costs in connection with the Business Combination. Emerald and Fold have both incurred and expect to incur significant, non -recurringcosts in connection with consummating the Business Combination and operating as a public company following the consummation of the Business Combination. Emerald and Fold may also incur additional costs to retain key employees. All expenses incurred in connection with the Merger Agreement and the Business Combination, including all legal, accounting, consulting, investment banking and other fees, expenses and costs, will be for the account of the party incurring such fees, expenses and costs. 92 Future resales of New Fold’s securities may cause the market price of such securities to drop significantly, even if New Fold’s business is doing well. The sale of our securities in the public market, including by entities to which we have issued shares in connection with transactions