Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 383

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 383
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10.00 per unit (the “Units”). Each Unit consists of one Emerald Class A Common Stock and one -halfof one Public Warrant. Each whole warrant entitles the holder to purchase one Class A common stock at a price of $11.50 per share. Simultaneously with the consummation of the IPO, we consummated the private placement of 976,081 Private Placement Units to Sponsor at a price of $10.00 per unit, generating $9,760,810 in additional proceeds. Holders of Emerald Class A Common Stock elected to redeem 9,239,192, 10,872,266 and 112,068 shares of Emerald Class A Common Stock in connection with the First Extension Meeting, Second Extension Meeting and Third Extension Meeting, respectively. Upon completion of such redemptions and after the conversion of shares of Emerald Class B Common Stock to shares of Emerald Class A Common Stock, 14,237,038 shares of Emerald Class A Common Stock remained issued and outstanding as of the Record Date. In conjunction with the above redemptions, the stockholders also voted on extending the original liquidation date from September 20, 2023 to December 20, 2025 (“Extension Deadline”). The Sponsor also converted their 8,615,141 Founder Shares to shares of Emerald Class A Common Stock on a one -for -onebasis (the “Exchange”). The 8,615,141 shares of Emerald Class A Common Stock issued in connection with the Exchange are subject to the same restrictions as applied to Emerald Class B Common Stock before the Exchange, including, among other things, certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor of an initial business combination as described in the prospectus for the IPO. If we are unable to complete the Business Combination by the Extension Deadline, we will: (i) cease all operations except for the purpose of winding up, (ii) redeem the Public Shares, at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) subject to the approval of the