Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 18

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 18
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 Sponsor. ix In connection with the Public Stockholders’ vote at the special meeting of stockholders held by Emerald on September 19, 2023, 9,239,192 shares of Emerald Class A Common Stock were tendered for redemption. As a result, approximately $96.8 million (approximately $10.48 per share redeemed) was removed from Emerald’s Trust Account to pay such holders. Following redemptions, the Public Stockholders held 15,630,150shares of Emerald Class A Common Stock. In conjunction with the above redemptions, the Public Stockholders also voted to extend the life of Emerald to complete an initial business combination from September 20, 2023 to January 19, 2024. In connection with the Public Stockholders’ vote at the special meeting of stockholders held by Emerald on January 19, 2024, 10,872,266 shares of Emerald Class A Common Stock were tendered for redemption. As a result, approximately $115.5 million (approximately $10.62 per share redeemed) was removed from Emerald’s Trust Account to pay such holders. Following redemptions, the Public Stockholders held 4,757,884shares of Emerald Class A Common Stock, and the Sponsor held 8,615,141 non -redeemableshares of Emerald Class A Common Stock. In conjunction with the above redemptions, the Public Stockholders also voted to extend the life of Emerald to complete an initial business combination from January 19, 2024 to December 20, 2024. In connection with the Public Stockholders’ vote at the special meeting of stockholders held by Emerald on December17, 2024, 112,068shares of Emerald Class A Common Stock were tendered for redemption. As a result, approximately $1.2million (approximately $11.02 per share redeemed) was removed from Emerald’s Trust Account to pay such holders. Following redemptions, the Public Stockholders held 4,645,816shares of Emerald Class A Common Stock, and the Sponsor held 8,615,141 non -redeemableshares of Emerald Class A Common Stock. In conjunction with the above redemptions, the Public Stockholders also voted to extend the life of Emerald to complete an initial business combination from December20, 2024 to December20, 2025. Funds held in Emerald’s Trust Account, including any interest, will not be used to pay for any excise tax liabilities with respect to