Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 122

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 122
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 31, 2024. The elimination of this fair value adjustment to the SAFEs is a result of the SAFEs being converted to Fold common shares upon the close of the Business Combination. Refer to Note 2(b) for more information. e)Represents the elimination of interest expense related to the amortization of Emerald’s discount on its promissory note with Polar for the year ended December 31, 2024. See Note 2(e) for more detail. f)Represents the elimination of $0.6 million of historical income tax expense for the year ended December 31, 2024. The elimination of these tax provisions is due to the removal of investment trust income. g)Represents the recognition of $5.2 million of interest expense, including amortization of the estimated debt discount and debt issuance costs, into interest expense related to the December 2024 Initial Investor Financing for the year ended December 31, 2024. h)Represents the recognition of $1.1 million of additional incremental compensation expense related to certain employment agreements for the post -closingentity for the year ended December 31, 2024. 71

Note 4. Earnings (Loss) Per Share Pro Forma Weighted Average Shares (Basic and Diluted) The following pro forma weighted average shares calculations have been performed for the year ended December 31, 2024. The unaudited condensed combined pro forma earnings (loss) per share (“EPS”), basic and diluted, are computed by dividing earnings or loss by the weighted -averagenumber of shares of common stock outstanding during the period. Prior to the Business Combination, Emerald had Class A common stock, Class B common stock, and preferred stock authorized to be issued. There were not any Class B common shares or preferred shares issued or outstanding as of December 31, 2024. In connection with the closing of the Business Combination, each currently issued and outstanding Emerald Class A common share automatically converted on a one -for-onebasis, into New Fold Class A common shares. Each currently issued and outstanding Emerald Class A common share were thereafter renamed, and will have the rights and restrictions attached to the, New Fold Class A common shares. As of December 31, 2024 Emerald had 12.4 million Public Warrants and 0.5 million Private Warrants issued and outstanding. In connection with the Business Combination, Emerald forfeited the Private Placement Warrants. The warrants are exercisable at $11.50 per share