Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 193

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 193
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 warrant agent, and Emerald. The Emerald Warrant Agreement provides that the terms of the Public Warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision, but requires the approval by the holders of at least but requires the approval by the holders of at least 50% of the then outstanding Public Warrants to make any change that adversely affects the interests of the registered holders of Public Warrants. Accordingly, Emerald may amend the terms of the Public Warrants (i) in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants approve of such amendment or (ii) to the extent necessary for the Public Warrants to allow for the warrants to be classified as equity in the financial statements without the consent of any holder. Although Emerald’s ability to amend the terms of the Public Warrants with the consent of at least 50% of the then outstanding Public Warrants is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the Public Warrants, convert the Public Warrants into cash or stock, shorten the exercise period or decrease the number of shares of Emerald Class A Common Stock purchasable upon exercise of a Public Warrant. Emerald may redeem your unexpired Emerald Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your Emerald Warrants worthless. Emerald has the ability to redeem outstanding Emerald Warrants at any time after they become exercisable and prior to their expiration, at a price of $0.01 per warrant, provided that the closing price of Emerald Class A Common Stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading -dayperiod ending on the third trading day 104 prior to the date on which Emerald gives proper notice of such redemption, provided that on the date Emerald gives notice of redemption and during the entire period thereafter until the time Emerald redeems the Emerald Warrants, it has an effective registration statement under the Securities Act covering the shares of Emerald Class A Common Stock issuable upon exercise of the Emerald Warrants and a current prospectus relating to them is available. If and when the Emerald Warrants become redeemable, Emerald may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. As a result, Emerald may redeem the Emerald Warrants as