Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 38

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 38
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 Common Stock outstanding. 13 Q.What interests do Emerald’s current officers and directors have in the Business Combination? A.The Emerald Board and executive officers may have interests in the Business Combination that are different from or in addition to (or which may conflict with) your interests as a stockholder. The Emerald Board was aware of and considered these interests to the extent such interests existed at the time, among other matters, in making their recommendation that you vote in favor of the approval of the Business Combination 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.” Q.What happens if the Business Combination Proposal is not approved? A.If the Business Combination Proposal is not approved and Emerald does not consummate the Business Combination and fails to complete an initial business combination by the Extension Deadline or amend its Existing Charter to extend the date by which Emerald must consummate an initial business combination, then Emerald will be required to dissolve and liquidate the Trust Account. Q.Do I have redemption rights? A.If you are a holder of Public Shares, you may redeem your Public Shares for cash equal to your pro ratashare of the aggregate amount on deposit in the Trust Account, which holds the proceeds of the IPO, as of two business days prior to the consummation of the Business Combination, including interest not previously released to Emerald to pay its taxes, upon the consummation of the Business Combination. Holders of the outstanding Public Warrants do not have redemption rights with respect to such warrants in connection with the Business Combination. Our Sponsor has agreed to waive its redemption rights with respect to their shares of Emerald Common Stock in connection with the completion of Emerald’s initial business combination. The shares of Emerald Class A Common Stock will be excluded from the pro ratacalculation used to determine the per share redemption price. For illustrative purposes, based on funds in the Trust Account of approximately $51.3million on December31, 2024, the estimated per share redemption price would have been approximately $11.04. This is greater than the $10.00 IPO price of Emerald Units. Additionally, Public Shares properly tendered for redemption will only be redeemed if the Business Combination is consummated; otherwise holders of such shares will only be entitled to a pro rataportion of the Trust Account (including interest but net of Permitted Withdrawals) in connection with the liquidation of the Trust Account