Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 562

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 562
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106and 25,221,372shares of Class A common stock issued and outstanding, respectively, of which 4,757,884shares and 15,630,150shares are subject to possible redemption, respectively, and thus classified as temporary equity. Class B Common Stock The Company is authorized to issue 10,000,000shares of Class B common stock with a par value of $ 0.0001per share. Holders of the Class B common stock are entitled to onevote for each share. Holders of Class B common stock will vote on the election of directors prior to the consummation of a Business Combination. Holders of Class A common stock and Class B common stock will vote together as a single class on all other matters submitted to a vote of stockholders except as required by law. Following the Meeting on September 19, 2023, the Sponsor determined to convert all of the outstanding shares of Class B common stock to shares of Class A common stock on a one -for-onebasis. As of September 30, 2024 and December 31, 2023, there were noshares of Class B common stock issued and outstanding, respectively. 1,133,333shares were subject to forfeiture as of December 31, 2021 to the extent that the underwriter’s over -allotmentoption was not exercised in full so that the Founder Shares will represent, on an as -convertedbasis, 25% of the Company’s issued and outstanding shares after the Public Offering. The underwriter subsequently provided notice of its election to partially exercise its over -allotmentoption, and the closing of the sale of the additional Units occurred on January 14, 2022. As a result of the underwriter exercising its over -allotmentoption in part, the Company’s initial holders forfeited 148,192Founder Shares. Warrants As of September 30, 2024 and December 31, 2023, there were 12,434,671Public Warrants and 488,041Private Placement Warrants issued and outstanding. Each whole warrant entitles the holder to purchase one share of the Company’s Class A common stock at a price of $ 11.50per share, subject to adjustment as described herein, at any time commencing 30 days after the completion of the initial Business Combination. In addition, if (x) the Company issues additional shares of Class A common stock or equity -linkedsecurities for capital raising purposes in connection