Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 432

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 432
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 to apply to continue listing of the shares of New Fold Common Stock and the Public Warrants of New Fold on the Nasdaq Global Market under the symbols “FLD” and “FLDDW”, respectively. 272 SHARES ELIGIBLE FOR FUTURE SALE Business Combination Shares Emerald will issue up to 39,155,784shares of Emerald Class A Common Stock to Fold stockholders in connection with the Business Combination. All of the shares of Emerald Class A Common Stock issued in connection with the Business Combination will be freely transferable by persons other than by Emerald’s “affiliates” without restriction or further registration under the Securities Act, subject to any lock -uprestrictions. Sales of substantial amounts of the Emerald Class A Common Stock (which, in connection with the Business Combination, will be converted into New Fold Common Stock) in the public market could adversely affect prevailing market prices of New Fold Common Stock. Lock-up Provisions Holders of those shares of New Fold Common Stock issued or issuable as Merger Consideration pursuant to the Business Combination will be subject to a lock -upuntil the earlier of (i) such time as the New Fold Common Stock price exceeds $12.00 per share for a period of at least twenty (20) days out of thirty (30) consecutive trading days ending on the trading day immediately prior to the date of determination (as equitably adjusted for stock splits, reverse stock splits, stock dividends, reorganizations, recapitalizations, reclassifications, combinations, exchanges of shares or other like changes or transactions with respect to shares of New Fold Common Stock) or (ii) the date that is six months following the Closing. Registration Rights Emerald has agreed to give holders of certain restricted securities, including shares of Emerald Class A Common Stock, registration rights to facilitate the resale of such restricted securities. Emerald has also agreed to register the Emerald Class A Common Stock issuable upon exercise of the Emerald Warrants. Additional details of these rights can be found under the sections entitled “ Certain Agreements Related to the Business Combination — The Registration Rights Agreement.” Rule 144 Pursuant to Rule 144, a person who has beneficially owned restricted shares of Emerald Class A Common Stock (which, in connection with the Business Combination, will be converted into New Fold Common Stock) or restricted Emerald Warrants for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of New Fold’s affiliates at the time of, or at any time during the three months preceding