Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 313

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 313
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 not adopted any rule on what constitutes a “change of control” for purposes of Rule 5635(b), Nasdaq has previously indicated that the acquisition of, or right to acquire, by a single investor or affiliated investor group, as little as 20% of the common stock (or securities convertible into or exercisable for common stock) or voting power of an issuer could constitute a change of control. Under Nasdaq listing rule 5635(c), stockholder approval is required prior to the issuance of securities when a plan or other equity compensation arrangement is established or materially amended. Under Nasdaq listing rule 5635(d), stockholder approval is required for a transaction other than a public offering involving the sale, issuance or potential issuance by an issuer of common stock (or securities convertible into or exercisable for common stock) at a price that is less than the greater of book or market value of the stock if the number of shares of common stock to be issued is or may be equal to 20% or more of the common stock, or 20% or more of the voting power, outstanding before the issuance. Stockholder approval of the Nasdaq Proposal is also a condition to the Closing under the Merger Agreement. Effect of Proposal on Current Stockholders If the Nasdaq Proposal is adopted, we will issue up to 39,155,784shares of Emerald Class A Common Stock in connection with the Business Combination. The issuance of the shares of Emerald Class A Common Stock described above would result in significant dilution to Emerald stockholders and result in Emerald stockholders having a smaller percentage interest in the voting power, liquidation value and aggregate book value of Emerald. For further information, please see the section entitled “ Proposal No. 1 — The Business Combination Proposal — Ownership of New Fold After the Closing,” as well as the annexes to this proxy statement/prospectus. 191 Vote Required for Approval The Nasdaq Proposal is conditioned on the approval of the Business Combination Proposal at the special meeting. The Nasdaq Proposal will be approved and adopted if a majority of the votes cast in person online or by proxy at the special meeting vote “FOR” the Nasdaq Proposal. Failure to vote by proxy or to vote in person online at the special meeting or an abstention from voting will have no effect on the outcome of the vote on the Nasdaq Proposal. Recommendation of the Emerald Board THE EMERALD BOARD UNANIMOUSLY RECOMMENDS THAT
STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE NAS