Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 236

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 236
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 consecutive trading days, one -thirdof the shares upon the earlier of (a)(x) in the event that Emerald and Fold raise $50million or more as of the Closing, one year following the Closing, and (y) in the event that Emerald and Fold raise less than $50million as of the Closing, two years following the Closing, or (b) the first date that the stock price exceeds $15.00 for 20 out of any 30 consecutive trading days, and the remaining one -thirdwhen the closing share price of New Fold’s Common Stock exceeds $17.00 for 20 out of any 30 consecutive trading days. •Simultaneously with the closing of the IPO, Emerald consummated the sale of 976,081 Private Placement Units at a price of $10.00 per unit to our Sponsor. The Private Placement Warrants, which are included in the Private Placement Units, are each exercisable commencing 30 days following the Closing for one Emerald Common Stock at $11.50 per share. In accordance with the terms of the Sponsor Share Restriction Agreement, the Sponsor will surrender all 488,041 Private Placement Warrants at Closing. If 138 Emerald does not consummate a business combination transaction by the Extension Deadline, then the proceeds from the sale of the Private Placement Units will be part of the liquidating distribution to the holders of Emerald Public Shares, and the warrants held by the Sponsor will be worthless. The warrants held by the Sponsor had an aggregate market value of approximately $0.4million based upon the closing price of $0.80 per warrant on the OTCQB Venture Market on January17, 2025. •The Sponsor and Emerald’s officers and directors will lose their entire investment if Emerald does not complete a business combination by the Extension Deadline. •The Sponsor and Emerald’s executive officers and directors have agreed to waive their rights to liquidating distributions from the Trust Account with respect to their founder shares if Emerald fails to complete a business combination by the Extension Deadline. •In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to Emerald if and to the extent any claims by a vendor for services rendered or products sold to Emerald, or a prospective target business with which Emerald has entered into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to