Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 192

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 192
---
 addition to (and which may conflict with) the interests of Emerald’s other stockholders. These interests include: •the beneficial ownership of the Sponsor and certain current and former members of the Emerald Board and officers of an aggregate of 8,615,141shares of Emerald Class A Common Stock which were acquired at the time of Emerald’s formation and the IPO and would become worthless if Emerald does not complete a business combination by the Extension Deadline, as such stockholders have waived any redemption right with respect to those shares. After giving effect to the Business Combination, the Sponsor and certain current and former members of the Emerald Board and officers would own up to an aggregate of 6,293,722shares of Emerald Class A Common Stock. Such shares have an aggregate market value of approximately $71.1million, based on the closing price of Emerald Class A Common Stock of $11.30 on the OTCQB Venture Market on January17, 2025; •the continued indemnification of current directors and officers of Emerald and the continuation of directors’ and officers’ liability insurance after the Business Combination; •the fact that our Sponsor, officers and directors will be reimbursed for out -of-pocketexpenses incurred in connection with activities on our behalf, such as identifying potential target businesses and performing due diligence on suitable business combinations; •the fact that Emerald’s President and Chief Executive Officer, Mr. Young, and an independent director of Emerald, Mr. Hohns, will serve as directors on the Board of Directors of New Fold; and •the fact that our Sponsor, and current and former officers and directors will lose their entire investment in us if an initial business combination is not completed. These interests may influence Emerald’s directors in making their recommendation that you vote in favor of the Business Combination Proposal, and the transactions contemplated thereby. These interests were considered by the Emerald Board when it approved the Business Combination. Emerald may amend the terms of the Public Warrants in a manner that may be adverse to holders of Public Warrants with the approval by the holders of at least a majority of the then outstanding Public Warrants or for amendments necessary for the warrants to be classified as equity. As a result, the exercise price of the Public Warrants could be increased, the exercise period could be shortened and the number of shares of New Fold Common Stock purchasable upon exercise of a Public Warrant could be decreased, all without your approval. The Public Warrants were issued in registered form under the Emerald Warrant Agreement between Continental Stock Transfer & Trust Company, N.A., as