Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 316

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 316
---
arrants approve of such amendment
or (ii) to the extent necessary for the Public Warrants to be classified as equity in the financial statements without the consent
of any holder. Although our 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 Common
Stock purchasable upon exercise of a Public Warrant.

We may redeem your unexpired Public Warrants prior to their exercise
at a time that is disadvantageous to you, thereby making your Public Warrants worthless.

Emerald has the ability to redeem outstanding Public
Warrants at any time prior to their expiration, at a price of $0.01 per warrant, provided that the closing price of our 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-day period ending on the third trading day prior to the date on which we give proper notice of such redemption,
provided that on the date we give notice of redemption and during the entire period thereafter until the time we redeem the Public Warrants,
we have an effective registration statement under the Securities Act covering the shares of Common Stock issuable upon exercise of the
Public Warrants and a current prospectus relating to them is available. If and when the Public Warrants become redeemable, we may exercise
our redemption right even if we are unable to register or qualify the underlying securities for sale under all applicable state securities
laws. As a result, we may redeem the Public Warrants as set forth above even if the holders are otherwise unable to exercise the Public
Warrants. Redemption of the outstanding Public Warrants could force you: (i) to exercise your Public Warrants and pay the exercise
price therefor at a time when it may be disadvantageous for you to do so, (ii) to sell your Public Warrants at the then-current market
price when you might otherwise wish to hold your Public Warrants or (iii) to accept the nominal redemption price which, at the time
the outstanding Public Warrants are called for redemption, is likely to be substantially less than the market value of your