Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 66

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 66
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 than in connection with the Merger). The Support Agreement generally prohibits the Voting Parties from transferring their Emerald voting shares or Fold voting securities prior to the consummation of the Merger, other than to certain permitted transferees who become party to, and bound by, the Support Agreement. The Support Agreement will automatically terminate upon the earlier to occur of (i) the Closing and (ii) the termination of the Merger Agreement in accordance with its terms. 30 Board of New Fold following the Business Combination Upon the Closing, we anticipate that the New Fold Board will consist of seven members, reclassified into three separate classes, with each class serving a three -yearterm; except with respect to the election of directors at the special meeting pursuant to “ Proposal No. 4 — The Election of Directors Proposal, ” the Class I directors will be elected to an initial one -yearterm (and three -yearterms subsequently), the Class II directors will be elected to an initial two -yearterm (and three -yearterms subsequently) and the Class III directors will be elected to an initial three -yearterm (and three -yearterms subsequently). All of the existing directors of Emerald except for Bracebridge H. Young, Jr. and Andrew Hohns, have informed us that they will resign from our board of directors upon Closing. Our board of directors has nominated the following individuals for election at our special meeting: • Class I Directors: Mr.Young and Mr.Hohns; • Class II Directors: Dr. Kirkwood and Mr.Reeves; and • Class III Directors: Mr.Simha, Ms. Hill and Ms. Goldwasser. For additional details, see the sections of this proxy statement/prospectus entitled “ Proposal No. 4 — The Election of Directors Proposal” and “ Directors and Executive Officers After the Business Combination.” Accounting Treatment of the Business Combination The Business Combination will be accounted for as a reverse recapitalization in accordance with GAAP. Under this method of accounting, Emerald will be treated as the acquired company and Fold will be treated as the accounting acquirer for financial statement reporting purposes. For more information, see the section entitled “ The Business Combination — Accounting Treatment of the Business Combination.” Appraisal or Dissenter’s Rights No appraisal or dissenter’s rights are available to holders of shares of Emerald Common Stock or Emerald Warrants in connection with the Business Combination. Emerald Proposals for Stockholder Approval At the special meeting, Emerald’s stockholders will be asked to separately approve the following proposals: •The