Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 207

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 207
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4, at an exercise price of $12.50 per share. The December 2024 Series B Warrants are available for exercise after the Business Combination date, for a period of eight years from December24, 2024, at a nominal exercise price of $0.001 per share. The December 2024 Series C Warrants are available for exercise for a period of one year from the Business Combination date, at an exercise price of $11.50 per share. Treatment of Fold Securities Fold Preferred Stock Immediately prior to the effective time of the Business Combination (the “Effective Time”), Fold Preferred Stock will be converted into Fold Common Stock. Fold Common Stock At the Effective Time, Fold Common Stock will be converted into Emerald Common Stock. Fold Restricted Stock Units (“RSUs”) At the Effective Time, outstanding Fold restricted stock units will be converted into an award of Emerald restricted stock units. 112 Fold Simple Agreements for Future Equity (“SAFEs”) At the Effective Time, outstanding Fold SAFEs will be converted into Fold Common Stock based on the valuation caps or discount rates stated within the terms of the individual SAFE agreements. Redemption of Class A Common Stock Pursuant to Emerald’s second amended and restated certificate of incorporation and in accordance with the terms of the Merger Agreement, Emerald will be providing its public stockholders with the opportunity to redeem, in connection with the Closing, their shares of Emerald Class A Common Stock for cash equal to their pro rata share of the aggregate amount on deposit in the Emerald Trust Account, which holds the proceeds of Emerald’s initial public offering, less taxes payable. Sponsor Share Restriction Agreement Concurrently with the execution and delivery of the Merger Agreement, Emerald ESG Sponsor, LLC and Emerald ESG Advisors, LLC (collectively, the “Sponsors”) entered into a Sponsor Share Restriction Agreement with Emerald (the “Sponsor Share Restriction Agreement”). Pursuant to the Sponsor Share Restriction Agreement, at the Closing, (i) all Emerald Warrants held by the Sponsors will be forfeited and cancelled, and (ii) approximately 5.3 million of the Sponsors’ founder shares (the “subject founder shares”) shall be subject to time -basedtransfer restrictions subject to early release as follows: •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) six months following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 30 trading day period ending