Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 296

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 296
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 (each of which are included in the Proposed Charter or the Proposed Bylaws) are set forth in the section “ Proposals No. 3 — The Advisory Organizational Documents Proposals.” Vote Required for Approval The Organizational Documents Proposal is conditioned on the approval of the Business Combination Proposal and the Nasdaq Proposal at the special meeting. The affirmative vote (in person or by proxy) of the majority of the issued and outstanding shares of the Emerald Class A Common Stock, as well as the vote of a majority of the issued and outstanding shares of Emerald Class A Common Stock and Emerald Class B Common Stock, voting together as a single class, is required to approve the Organizational Documents Proposal. Broker non -votes, abstentions or the failure to vote on the Organizational Documents Proposal will have the same effect as a vote “AGAINST” the Organizational Documents Proposal. Recommendation of the Emerald Board THE EMERALD BOARD UNANIMOUSLY RECOMMENDS THAT EMERALD STOCKHOLDERS
VOTE “FOR” THE APPROVAL OF THE ORGANIZATIONAL DOCUMENTS PROPOSAL. 176

PROPOSALS NO. 3 — THE ADVISORY ORGANIZATIONAL DOCUMENTS PROPOSALS If the Organizational Documents Proposal is approved and the Business Combination is to be consummated, New Fold will adopt the proposed organizational documents under the DGCL. As required by SEC guidance to give stockholders the opportunity to present their separate views on important corporate governance provisions, Emerald is requesting that its stockholders vote upon, on a non -bindingadvisory basis, the Advisory Organizational Documents Proposals, which are separately being presented in accordance with SEC guidance and which will be voted upon on a non -bindingadvisory basis. This separate vote is not otherwise required by Delaware law separate and apart from the Organizational Documents Proposal. However, the stockholder vote regarding each of the Advisory Organizational Documents Proposals is an advisory vote, and is not binding on Emerald or the Emerald Board (separate and apart from the approval of the Organizational Documents Proposal). Furthermore, the Business Combination is not conditioned on the separate approval of the Advisory Organizational Documents Proposals (separate and apart from approval of the Organizational Documents Proposal). Accordingly, regardless of the outcome of the non -bindingadvisory vote on the Advisory Organizational Documents Proposals, Emerald intends that the Proposed Charter and the Proposed Bylaws will take effect upon the effectiveness of the Business Combination (assuming approval of the Organizational Documents Proposal). Emerald stockholders