Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 67

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 67
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 of Emerald to a later date if there are not sufficient votes to approve the Merger; (ii) against any action, proposal, transaction or agreement that could reasonably be expected to result in a breach under the Merger Agreement; and (iii) against (A) any proposal or offer from any person (other than Emerald or Fold or any of their respective affiliates) concerning (1) a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction involving Emerald or Fold, as applicable, (2) the issuance or acquisition of shares of capital stock or other equity securities of Emerald or Fold (other than as contemplated by the Merger Agreement), or (3) with respect to stockholders of Fold, the sale, lease, exchange or other disposition of any significant portion of Fold’s properties or assets; and (B) any action, proposal, transaction or agreement that could reasonably be expected to impede, interfere with, delay, discourage, adversely affect or inhibit the timely consummation of the Merger or the fulfillment of a party’s conditions under the Merger Agreement or change in any manner the voting rights of any class of shares of Emerald or Fold, as applicable (including any amendments to such party’s governing documents other than in connection with the Merger). The Support Agreement generally prohibits the Voting Parties from transferring their Emerald voting shares or Fold voting securities prior to the consummation of the Merger, other than to certain permitted transferees who become party to, and bound by, the Support Agreement. The Support Agreement will automatically terminate upon the earlier to occur of (i) the Closing and (ii) the termination of the Merger Agreement in accordance with its terms. 30 Board of New Fold following the Business Combination Upon the Closing, we anticipate that the New Fold Board will consist of seven members, reclassified into three separate classes, with each class serving a three -yearterm; except with respect to the election of directors at the special meeting pursuant to “ Proposal No. 4 — The Election of Directors Proposal, ” the Class I directors will be elected to an initial one -yearterm (and three -yearterms subsequently), the Class II directors will be elected to an initial two -yearterm (and three -yearterms subsequently) and the Class III directors will be elected to an initial three -yearterm (and three -yearterms subsequently). All of the existing directors of Emerald except for Bracebridge H. Young, Jr. and Andrew Hohns, have informed us that they