Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 3

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 3
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 pursuant to which Merger Sub will merge (the “Merger”) with and into Fold, whereupon the separate corporate existence of Merger Sub will cease and Fold will be the surviving company and continue in existence as a wholly owned subsidiary of Emerald, on the terms and subject to the conditions set forth therein (collectively with the other transactions described in the Merger Agreement, the “Business Combination”). In connection with the consummation of the Business Combination, Emerald will be renamed “Fold Holdings, Inc.” The combined company after the Business Combination is referred to in the proxy statement/prospectus as “New Fold.” Emerald’s Class A common stock (the “Emerald Class A Common Stock”), units (the “Emerald Units”) and public warrants (the “Public Warrants”) are currently traded on the OTCQB Venture Market under the symbols “FLDD,” “FLDDU,” and “FLDDW,” respectively. At the effective time of the Business Combination (the “Effective Time”), (i) each share of Fold common stock, par value $0.0001 per share (the “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 of Fold Common Stock held by Fold as treasury stock) will be cancelled and converted into the right to receive a number of shares of Emerald Class A Common Stock (rounded down to the nearest whole share) equal to the quotient obtained by (a) the Aggregate Merger Consideration, dividedby (b) the number of shares of Fold Fully Diluted Capital Stock (the “Exchange Ratio”), and (ii) each outstanding award of Fold RSUs shall automatically be converted into an award of restricted stock units covering a number of shares of New Fold Common Stock determined by multiplying (a) the number of shares of Fold Common Stock subject to the corresponding Fold RSU Award immediately prior to the Effective Time by (b) the Exchange Ratio (rounded down to the nearest whole share). Emerald intends to apply to continue the listing of the shares of New Fold Common Stock and the Public Warrants on the Nasdaq Global Market under the symbols “FLD,” and “FLDDW,” respectively, upon the closing of the Business Combination. Emerald ESG Sponsor, LLC, a Delaware limited liability company, and Emerald ESG Advisors, LLC, a Delaware limited liability company (collectively, the “Sponsor”), and Emerald’s officers and directors, have agreed to (a) vote