Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 72

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 72
---
 approval of any golden parachute payments not previously approved. Further, section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerginggrowth companies but any such election to opt out is irrevocable. Emerald has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, Emerald, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of Emerald’s financial statements with certain other public companies difficult or impossible because of the potential differences in accounting standards used. 34 Emerald will remain an emerging growth company until the earlier of: (1) the last day of the fiscal year (a) following the fifth anniversary of the closing of Emerald’s initial public offering (i.e., December 31, 2026), (b) in which it has total annual gross revenue of at least $1.235 billion or (c) in which Emerald is deemed to be a “large accelerated filer” under the rules of the SEC, which means the market value of Emerald’s common equity that is held by non -affiliatesexceeds $700 million as of the end of the prior fiscal year’s second fiscal quarter; and (2) the date on which Emerald will have issued more than $1.0 billion in non -convertibledebt securities during the prior three -yearperiod. Summary of Risk Factors In evaluating the Business Combination and the proposals to be considered and voted on at the special meeting of Emerald stockholders, you should carefully read this proxy statement/prospectus, including the annexes, and especially review and consider the factors discussed in the section entitled “ Risk Factors” beginning on page 43 of this proxy statement/prospectus. Some of the risks related to Fold’s business and industry, Emerald, and the Business Combination are summarized below. Risks Related to Fold’s Business and Industry •Our operating results have and will significantly fluctuate, including due to the highly volatile nature