Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 308

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 308
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ive guidance that may be issued under Section 409A of the Code. To the extent determined necessary or appropriate by the plan administrator, the Incentive Award Plan and applicable award agreements may be amended to further comply with Section 409A of the Code or to exempt the applicable awards from Section 409A of the Code. Plan Benefits The benefits or amounts that may be received or allocated to participants under the Incentive Award Plan will be determined at the discretion of the plan administrator and are not currently determinable. The closing price of Emerald Class A Common Stock as of [•], 2025 was $[•] per share. VOTE REQUIRED FOR APPROVAL The approval of the Equity Incentive Plan Proposal, under Delaware law, requires the affirmative vote of a majority of the Emerald Class A Common Stock represented in person or by proxy and entitled to vote thereon and who vote at the special meeting. Abstentions and broker non -votes, while considered present for the purposes of establishing a quorum, will not count as votes cast at the special meeting. RECOMMENDATION OF THE EMERALD BOARD THE EMERALD BOARD RECOMMENDS THAT THE EMERALD STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE EQUITY INCENTIVE PLAN PROPOSAL. The existence of financial and personal interests of one or more of Emerald’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of Emerald and its stockholders and what he, she or they may believe is best for himself, herself, or themselves in determining to recommend that stockholders vote for the Equity Incentive Plan Proposal. In addition, Emerald’s directors, executive officers and the Sponsor and its affiliates may have interests in the Business Combination that may conflict with your interests as a stockholder. See the section titled “ The Business Combination — Interests of Emerald’s Directors and Officers in the Business Combination ” for a further discussion of these considerations. 185 PROPOSAL NO. 6 — THE EMPLOYEE STOCK PURCHASE PLAN PROPOSAL Overview As discussed in this proxy statement/prospectus, Emerald is asking its stockholders to approve the ESPP. The Emerald Board approved and adopted the ESPP, subject to stockholder approval. If the Emerald stockholders approve this proposal, the ESPP will become effective upon the consummation of the Business Combination. The terms of the ESPP have not yet been determined. The following is