Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 443

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 443
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 is managed by Betsy Cohen. Certain of our officers and directors are members of our Sponsor, but none has any voting or investment power over the shares held by our Sponsor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly. 4.This individual is a member of our Sponsor but does not have voting or investment power over the shares held by our Sponsor. The following table sets forth information regarding the beneficial ownership of shares of Fold Common Stock and Fold Preferred Stock as of [•], 2024, by: •each person who is known to be the beneficial owner of more than 5% of the outstanding shares of Fold Common Stock and preferred stock as of such date; •each of Fold’s current executive officers and directors; and •all executive officers and directors of Fold as a group pre -BusinessCombination. Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable, exercisable within 60 days, or exercisable as a result of the Business Combination. The beneficial ownership of shares of Fold Common Stock is based on 7,072,300shares of Fold Common Stock issued and outstanding as of [•], 2024 (including shares of Fold Common Stock that will be issued or deemed to be issued upon conversion of shares of Fold Preferred Stock and the Fold SAFEs immediately prior to the Closing). The expected beneficial ownership of shares of New Fold Common Stock immediately following the Business Combination is based on three scenarios: •a “minimum additional redemptions” scenario where (i) no Public Stockholders exercise their redemption rights (after giving effect to the redemption of 112,068shares of Emerald Class A Common Stock in connection with the Third Extension Meeting on December17, 2024) and (ii) there are 48,785,545shares of New Fold Common Stock outstanding;

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•a “25% redemptions” scenario where 1.2million Public Shares are redeemed for an aggregate redemption payment of approximately $13.1million; and •a “maximum redemptions” scenario where 3.6million Public Shares are redeemed for an aggregate redemption payment of approximately $39.4 million, (this maximum redemption scenario reflects the maximum number of Emerald Public Shares that can be redeemed without