Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 179

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 179
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 ability of our stockholders to force consideration of a proposal or to take action, including the removal of directors; •limiting the liability of, and providing indemnification to, our directors and officers; •controlling the procedures for the conduct and scheduling of stockholder meetings; •providing for a staggered board, in which the members of the board of directors are divided into three classes to serve for a period of three years from the date of their respective appointment or election; •granting the ability to remove directors with cause by the affirmative vote of 66⅔% in voting power of the outstanding shares of New Fold Common Stock entitled to vote thereon; 95 •requiring the affirmative vote of at least 66⅔% of the voting power of the outstanding shares of capital stock of New Fold entitled to vote generally in the election of directors, voting together as a single class, to amend the Proposed Bylaws or ARTICLE IV, ARTICLE V, ARTICLE VI, ARTICLE VII, ARTICLE VIII, and ARTICLE IX of the Proposed Charter; and •advance notice procedures that stockholders must comply with in order to nominate candidates to the New Fold Board or to propose matters to be acted upon at a stockholders’ meeting, which may discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of New Fold. These provisions, alone or together, could delay hostile takeovers and changes in control of New Fold or changes in the New Fold Board and New Fold’s management. As a Delaware corporation, we are also subject to provisions of Delaware law, including Section 203 of the DGCL, which will prevent some stockholders holding more than 15% of the outstanding New Fold Common Stock from engaging in certain business combinations without approval of the holders of substantially all of New Fold Common Stock. Any provision of the Proposed Charter or Proposed Bylaws or Delaware law that has the effect of delaying or deterring a change in control could limit the opportunity for our stockholders to receive a premium for their shares of New Fold Common Stock and could also affect the price that some investors are willing to pay for New Fold Common Stock. Risks Related to New Fold Being a Public Company The price of New Fold Common Stock may fluctuate significantly following the Business Combination and you could lose all or part of your investment as a result. The market price of New Fold Common Stock may be volatile. The stock market in general, and the market for technology companies in particular, have experienced