Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 45

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 45
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 redemption rights in connection with the consummation of the Business Combination with respect to any shares of Emerald Class A Common Stock they may hold. If, as a result of the termination of the Merger Agreement or otherwise, Emerald is unable to complete a business combination by the Extension Deadline, the Existing Charter provides that Emerald will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, subject to lawfully available funds therefor, redeem 100% of the outstanding Public Shares, at a per share price, payable in cash, equal to the quotient obtained by dividing (A) the aggregate amount then on deposit in the Trust Account, including interest not previously released to Emerald to pay its taxes (less up to $100,000 of such net interest to pay dissolution expenses), by (B) the total number of then outstanding Public Shares, which redemption will completely extinguish the Public Stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Emerald Board in accordance with applicable law, dissolve and liquidate, subject (in the case of (ii) and (iii) above) to Emerald’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. There will be no redemption rights or liquidating distributions with respect to the Emerald Warrants, which will expire worthless if Emerald fails to complete a business combination by the Extension Deadline. See the sections entitled “ Risk Factors — Emerald may not be able to consummate an initial business combination within the required time period, in which case it would cease all operations except for the purpose of winding up and it would redeem the Public Shares and liquidate, in which case the Public Stockholders may only receive $10.10 per

17 share, or less than such amount in certain circumstances, and the Public Warrants will expire worthless” and “Risk Factors — Emerald stockholders may be held liable for claims by third parties against Emerald to the extent of distributions received by them upon redemption of their shares.”The Sponsor and Emerald’s officers and directors have agreed to waive any right to any liquidation distribution with respect to the Emerald Class A Common Stock. Q.When is the Business Combination expected to be completed? A.It is currently anticipated that the Business Combination will be consummated promptly following the special meeting, provided that