Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 69

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 69
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 the Fold stockholders pursuant to the Merger Agreement, and whether Fold has an aggregate fair market value equal to at least 80 percent of the balance of Emerald’s Trust Account, and did not address any other terms, aspects or implications of the Business Combination. Northland’s opinion did not constitute a recommendation as to the course of action that Emerald (or the Emerald board of directors or any committee thereof) should pursue in connection with the Business Combination or otherwise address the merits of the underlying decision by Emerald to engage in the Business Combination, including in comparison to other strategies or transactions that might be available to Emerald or which Emerald might engage in or consider. Northland’s opinion does not constitute advice or a recommendation to any securityholder or other person as to how to vote or act on any matter relating to the Business Combination or otherwise. Interests of Emerald’s Directors and Officers in the Business Combination When considering the Emerald Board’s recommendation that Emerald’s stockholders vote in favor of the approval of the Business Combination Proposal and the other proposals presented for stockholder approval in this proxy statement/prospectus, Emerald’s stockholders should be aware that Sponsor and certain of Emerald’s executive officers and directors have interests in the Business Combination that may be different from or in addition to (or which may conflict with) the interests of Emerald’s other stockholders. 33 These interests may influence Emerald’s directors in making their recommendation that you vote in favor of the Business Combination Proposal and the transactions contemplated thereby. These interests were considered by the Emerald Board when it approved the Business Combination. For further information, please see the section entitled “ The Business Combination — Interests of Emerald’s Directors and Officers in the Business Combination.” Redemption Rights Pursuant to our Existing Charter, holders of Public Shares may elect to have their Public Shares redeemed for cash at the applicable redemption price per share calculated in accordance with our Existing Charter. For illustrative purposes, based on funds in the Trust Account of approximately $51.3 million on December31, 2024, the estimated per share redemption price would have been approximately $11.04. If a Public Stockholder exercises its redemption rights, then such Public Stockholder will be exchanging its shares of Emerald Class A Common Stock for cash and will no longer own shares of Emerald. Such a holder will be entitled to receive cash for its Public Shares only if it properly demands redemption and delivers its shares (either physically or electronically) to our transfer agent in accordance with the procedures described herein. Each redemption of Public Shares by our Public Stockholders will decrease the amount in our