Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 71

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 71
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 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 Trust Account. See the section entitled “ Special Meeting of Emerald Stockholders — Redemption Rights” for the procedures to be followed if you wish to redeem your shares for cash. U.S. Federal Income Tax Considerations for Holders of Emerald Class A Common Stock Exercising Redemption Rights As described more fully herein, a holder of Class A Common Stock that exercises its redemption rights to receive cash in exchange for such shares may be treated as selling its Class A Common Stock in a taxable sale or exchange resulting in the recognition of gain or loss. There may be certain circumstances in which the redemption may be treated as a distribution of an amount equal to the redemption proceeds, for U.S. federal income tax purposes, depending on the amount of our stock that a holder owns or is deemed to own by attribution (including through the ownership of warrants). Please see the section entitled “ Material U.S. Federal Income Tax Considerations of Holders of New Fold Common Stock and Emerald Class A Common Stock — U.S. Federal Income Tax Considerations of Ownership and Disposition of New Fold Common Stock; Redemption of Emerald Public Shares” for additional information. You are urged to consult your tax advisors regarding the tax considerations of exercising your redemption rights. Emerging Growth Company Emerald is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act, and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -OxleyAct, reduced disclosure obligations regarding executive compensation in Emerald’s periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder