Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 404

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 404
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, we anticipate that each of the directors on the New Fold Board, other than Mr.Reeves and Mr.Hohns, will qualify as independent directors, as defined under the Nasdaq Stock Exchange listing rules (the “Nasdaq listing rules”), and the New Fold Board will consist of a majority of “independent directors,” as defined under the rules of the SEC and Nasdaq listing rules relating to director independence requirements. In addition, New Fold will be subject to the rules of the SEC and Nasdaq relating to the membership, qualifications and operations of the audit committee, as discussed below. Role of the New Fold Board in Risk Oversight / Risk Committee Upon the consummation of Business Combination, one of the key functions of the New Fold Board will be informed oversight of New Fold’s risk management process. The New Fold Board does not anticipate having a standing risk management committee, but rather anticipates administering this oversight function directly through the New Fold Board as a whole, as well as through various standing committees of the New Fold Board that address risks inherent in their respective areas of oversight. In particular, the New Fold Board will be responsible for monitoring and assessing strategic risk exposure and New Fold’s audit committee will have the responsibility to consider and discuss New Fold’s major financial risk exposures and the steps its management will take to monitor and control such exposures, including guidelines and policies to govern the process by which risk assessment and management is undertaken. The audit committee will also monitor compliance with legal and regulatory requirements. New Fold’s compensation committee will assess and monitor whether New Fold’s compensation plans, policies and programs comply with applicable legal and regulatory requirements. Board Committees Effective upon the consummation of the Business Combination, we anticipate that the New Fold Board will establish an audit committee, a compensation committee and a nominating and corporate governance committee. The New Fold Board will adopt a charter for each of these committees, which will comply with the applicable requirements of current Nasdaq rules. In addition, from time to time, special committees may be established under the direction of the New Fold Board when the board deems it necessary or advisable to address specific issues. New Fold intends to comply with future requirements to the extent they will be applicable to New Fold. Following the consummation of the Business Combination, copies of the charters for each committee will be available on the investor relations portion of New Fold’s website. 256 Audit Committee New Fold’s audit committee will consist of Mr.Simha, Ms. Goldwasser and Ms. Hill. The New Fold Board is expected to