Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 71

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 71
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 to Emerald Stockholders Our board of directors believes that each of the Emerald Proposals is in the best interests of Emerald and our stockholders and unanimously recommends that its stockholders vote “FOR” each of the Emerald Proposals, including “FOR” each of the director nominees. Emerald Board’s Reasons for the Approval of the Business Combination After careful consideration, the Emerald Board recommends that its stockholders vote “FOR” the approval of the Business Combination Proposal. For a description of the Emerald Board’s reasons for the approval of the Business Combination, see the section entitled “ The Business Combination — Emerald Board’s Reasons for the Approval of the Business Combination.” Opinion of Emerald’s Financial Advisor Emerald has engaged Northland Securities, Inc. (“Northland”) as Emerald’s financial advisor in connection with the Merger. In connection with this engagement, Northland delivered a written opinion, dated July 23, 2024, to the Emerald board of directors as to the fairness, from a financial point of view and as of the date of such opinion, of (i) the consideration to be paid by Emerald to the Fold stockholders pursuant to the Merger Agreement, and (ii) whether Fold has an aggregate fair market value equal to at least 80 percent of the balance of Emerald’s Trust Account. The full text of Northland’s written opinion, which describes the assumptions made, procedures followed, matters considered and qualifications and limitations on the review undertaken, is attached to this proxy statement/prospectus as Annex Fhereto and is incorporated by reference herein in its entirety. The description of Northland’s opinion set forth in this proxy statement/prospectus is qualified in its entirety by reference to the full text of Northland’s opinion. Northland’s opinion and advisory services were intended for the benefit and use of the Emerald board of directors (in its capacity as such) in connection with its evaluation of the consideration to be paid by Emerald to the Fold stockholders pursuant to the Merger Agreement, and whether Fold has an aggregate fair market value equal to at least 80 percent of the balance of Emerald’s Trust Account, and did not address any other terms, aspects or implications of the Business Combination. Northland’s opinion did not constitute a recommendation as to the course of action that Emerald (or the Emerald board of directors or any committee thereof) should pursue in connection with the Business Combination or otherwise address the merits of the underlying decision by Emerald to engage in the Business Combination, including in comparison to other strategies or transactions that might be available to Emerald or which Emerald might engage