Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 776

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 776
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 to the holders of EMLD’s securities in connection with the Merger . However, no reference to this letter or the Opinions in the proxy or information statement may be made without our written consent and subject to our approval of the language that references this letter or the Opinions, which consent will not be unreasonably withheld, conditioned, or delayed. By execution of this letter, we hereby consent to the inclusion of this letter as an annex to the proxy statement relating to the Merger and to the references to us and such letter therein. Based upon and subject to the foregoing and based upon such other factors as we consider relevant, it is our opinion that, as of the date hereof, (i) the consideration to be paid by EMLD to the equityholders of the Company pursuant to the Merger Agreement is fair, from a financial point of view, to EMLD, and (ii) the Company has an aggregate fair market value equal to at least 80 percent of the balance of funds in EMLD’s trust account (excluding deferred underwriting commissions and taxes payable and subject to proportionate adjustments related to Nasdaq’s 80 percent test). Sincerely, Northland Securities, Inc.

| By: |     | /s/ Jeff Peterson |

Annex F-4 Annex G Execution Version SPONSOR SHARE RESTRICTION AGREEMENT This SPONSOR SHARE RESTRICTION AGREEMENT (this “ Agreement ”) is dated as of July 24, 2024, by and among FTAC Emerald Acquisition Corp., a Delaware corporation (“ Parent ”), Emerald ESG Sponsor, LLC , a Delaware limited liability company (“ EMLD Sponsor ”), and Emerald ESG Advisors, LLC, a Delaware limited liability company (“ Advisors ” and together with EMLD Sponsor, the “ Sponsors ”). Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement (as defined below). RECITALS WHEREAS, as of the date hereof, the Sponsors collectively are the holders of record and the “beneficial owners” (within the meaning of Rule 13d-3 under the Exchange Act) of (i) 976,081 shares of Parent Class A Common Stock (the “ Sponsor Co-Invest Shares ”), (ii) private placement warrants to purchase 488,041 shares of Parent Class A Common Stock (the “ Sponsor Warrants ”) and (iii) 8,615,141 shares of Parent Class A Common Stock received