Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 120

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 120
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 in full for 500,000shares of Common Stock. The Series C Warrants (the “SPV Series C Warrants”) are available for exercise for a period of one year from the Business Combination date, at an exercise price of $11.50 per share. Treatment of Fold Securities Fold Preferred Stock Immediately prior to the effective time of the Business Combination (the “Effective Time”), Fold Preferred Stock converted into Fold Common Stock. Fold Common Stock At the Effective Time, Fold Common Stock converted into Emerald Common Stock. Fold Restricted Stock Units (“RSUs”) At the Effective Time, outstanding Fold restricted stock units converted into an award of Emerald restricted stock units. 67 Fold Simple Agreements for Future Equity (“SAFEs”) At the Effective Time, outstanding Fold SAFEs converted into Fold Common Stock based on the valuation caps or discount rates stated within the terms of the individual SAFE agreements. Redemption of Class A Common Stock Pursuant to Emerald’s second amended and restated certificate of incorporation and in accordance with the terms of the Merger Agreement, Emerald provided its public stockholders with the opportunity to redeem, in connection with the Closing, their shares of Emerald Class A Common Stock for cash equal to their pro rata share of the aggregate amount on deposit in the Emerald Trust Account, which holds the proceeds of Emerald’s initial public offering, less taxes payable. In February 2025, Emerald’s public stockholders redeemed 3.3 million shares for an aggregate redemption price of $36.6 million. Sponsor Share Restriction Agreement Concurrently with the execution and delivery of the Merger Agreement, Emerald ESG Sponsor, LLC and Emerald ESG Advisors, LLC (collectively, the “Sponsors”) entered into a Sponsor Share Restriction Agreement with Emerald (the “Sponsor Share Restriction Agreement”). Pursuant to the Sponsor Share Restriction Agreement, at the Closing, (i) all Emerald Warrants held by the Sponsors will be forfeited and cancelled, and (ii) approximately 5.3 million of the Sponsors’ founder shares (the “subject founder shares”) shall 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