Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 237

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 237
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 has established a defensible business niche. Fold benefits from its established credibility in the bitcoin community as a bitcoin -centricplatform, resulting in a loyal customer base that is poised to expand its relationship with Fold as Fold continues to develop new products and services. • Commitment to providing social and financial value:Fold core rewards product has enabled its users to accumulate wealth in an asset that has generally appreciated in value in dollar terms over time, thereby enhancing such users’ purchasing power and giving them another tool to achieve financial freedom. In considering the Merger, the Emerald Board also gave consideration to the following negative factors, although not weighted or in any order of significance: •Emerald’s public stockholders will hold a minority share position in the post -Mergercompany. •Emerald stockholders may object to and challenge the Merger and take actions that may prevent or delay the consummation of the Merger, including to vote down the proposals at the special meeting or exercise their redemption rights. •The potential for diversion of management and employee attention during the period prior to completion of the Merger, and the potential negative effects on Fold’s business. •The risk that, despite the efforts of Emerald and Fold prior to the consummation of the Merger, Fold may lose key personnel, and the potential resulting negative effects on Fold’s business. 137 •The possibility that Fold might not achieve its projected financial results. •The risk associated with macroeconomic uncertainty and the effects it could have on Fold’s revenues. •The risk that Emerald is unable to retain sufficient cash in the Trust Account to meet the requirements of the Merger Agreement. •The Merger Agreement prohibits Emerald from soliciting or engaging in discussions regarding alternative transactions during the pendency of the Merger. •Risks and costs to Emerald if the Merger is not completed, including the risk of liquidation. •Potential changes in the regulatory landscape or new industry developments, including changes in consumer preferences, may adversely affect the business benefits anticipated to result from the Merger. •Risks of the type and nature described under the section entitled “ Risk Factors” beginning on page 43. The foregoing discussion of material factors considered by the Emerald Board is not intended to be exhaustive but does sets forth the principal factors considered by its board of directors. The Emerald Board also considered whether members of its management and board of directors may have interests in the Merger that are different from, or are in addition to, the interests of the Emerald stockholders generally, including the matters described under the subsection entitled