Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 251

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 251
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 Business Combination might not be achieved. The foregoing discussion of the factors considered by the Fold Board is not intended to be exhaustive, but, rather, includes the material factors considered by the Fold Board. In reaching its decision to adopt and approve, and declare advisable, the Merger Agreement and the Business Combination, the Fold Board did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Fold Board considered all these factors as a whole, including discussions with, and questioning of, Fold’s management and financial and legal advisors, and, overall, considered these factors to be favorable to, and to support, its determination. The Fold Board concluded that the potentially negative factors associated with the Business Combination were outweighed by the potential benefits that it expected Fold stockholders would receive as a result of the Business Combination, including the belief of the Fold Board that the Business Combination would maximize the immediate value of shares of Fold Common Stock. Accordingly, the Fold Board determined that the Merger Agreement, the Related Documents and the transactions contemplated thereby, including the Business Combination, were advisable and fair to, and in the best interests of Fold and its stockholders, and adopted and approved the Merger Agreement, the Related Documents and the transactions contemplated thereby, including the Business Combination, and recommended that the Fold stockholders adopt the Merger Agreement and the Related Documents and approve the transactions contemplated thereby, including the Business Combination. Following the execution of the Merger Agreement, the requisite Fold stockholders, acting by written consent, adopted the Merger Agreement and the Related Documents, and approved the transactions contemplated thereby, including the Business Combination. Fold Merger Consideration As part of the Business Combination, holders of Fold Common Stock (including holders of Fold Preferred Stock and Fold SAFEs, which will convert or be deemed to convert into Fold Common Stock immediately prior to the Closing) will receive aggregate consideration of approximately $365.0million (or up to $419.75million based on the 60 -dayvolume -weightedaverage price of Bitcoin as of the day immediately prior to the Closing, as described below), payable in shares of Emerald Class A Common Stock at a price of $10.72 per share. At the Effective Time, after giving effect to the conversion of Fold RSU Awards as described in the Merger Agreement, (i) each share of Fold Common Stock issued and outstanding immediately prior to the Effective Time (but excluding any (x) shares of Fold Common Stock subject to Fold RSUs and (y) shares