Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 39

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 39
---
.What happens if the Business Combination Proposal is not approved? A.If the Business Combination Proposal is not approved and Emerald does not consummate the Business Combination and fails to complete an initial business combination by the Extension Deadline or amend its Existing Charter to extend the date by which Emerald must consummate an initial business combination, then Emerald will be required to dissolve and liquidate the Trust Account. Q.Do I have redemption rights? A.If you are a holder of Public Shares, you may redeem your Public Shares for cash equal to your pro ratashare of the aggregate amount on deposit in the Trust Account, which holds the proceeds of the IPO, as of two business days prior to the consummation of the Business Combination, including interest not previously released to Emerald to pay its taxes, upon the consummation of the Business Combination. Holders of the outstanding Public Warrants do not have redemption rights with respect to such warrants in connection with the Business Combination. Our Sponsor has agreed to waive its redemption rights with respect to their shares of Emerald Common Stock in connection with the completion of Emerald’s initial business combination. The shares of Emerald Class A Common Stock will be excluded from the pro ratacalculation used to determine the per share redemption price. For illustrative purposes, based on funds in the Trust Account of approximately $51.3million on December31, 2024, the estimated per share redemption price would have been approximately $11.04. This is greater than the $10.00 IPO price of Emerald Units. Additionally, Public Shares properly tendered for redemption will only be redeemed if the Business Combination is consummated; otherwise holders of such shares will only be entitled to a pro rataportion of the Trust Account (including interest but net of Permitted Withdrawals) in connection with the liquidation of the Trust Account. If the Business Combination is not consummated, Emerald may enter into an alternative business combination and close such transaction by the Extension Deadline. Q.Is there a limit on the number of shares I may redeem? A.A Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Exchange Act) will be restricted from seeking redemption rights with respect to more than 20% of the Public Shares. Accordingly, all shares in excess of 20% of the Public Shares owned by a holder will not be redeemed. On the other hand, a Public Stockholder who holds less than