Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 64

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 64
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 Fold Common Stock that will initially be available for issuance under the New Fold 2025 Employee Stock Purchase Plan, which will initially be equal to 2% of the fully -dilutedshares of New Fold Common Stock as of the closing of the Business Combination; (d) 869,565shares of New Fold Common Stock that will be issuable upon the exercise of the December 2024 Series A Warrants; (e) 869,565shares of New Fold Common Stock that will be issuable upon the exercise of the December 2024 Series C Warrants, and (f) 1,739,130shares of New Fold Common Stock that will be issuable upon the conversion of the New Fold Investor Notes. For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information” and “ Proposal 1 — The Business Combination Proposal — Ownership of New Fold After the Closing.

29 Other Agreements Related to the Merger Agreement Sponsor Share Restriction Agreement On July 24, 2024, concurrently with the execution of the Merger Agreement, the Sponsor entered into the Sponsor Share Restriction Agreement with Emerald. Pursuant to the Sponsor Share Restriction Agreement, at the Closing, (i) all Private Placement Warrants will be forfeited and cancelled, and (ii) approximately 5.3 million of the Sponsors’ founder shares (the “ subject founder shares”) will be subject to time -basedtransfer restrictions subject to early release as follows: •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) six months following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) (x) in the event that Emerald and Fold raise $50 million or more as of the Closing, one year following the Closing, and (y) in the event that Emerald and Fold raise less than $50 million as of the Closing, two years following the Closing, or (b) the first date that the stock price exceeds $15.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; and •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier