Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 565

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 565
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 the exercise price by surrendering the warrants for that number of shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock underlying the warrants, multiplied by the excess of the “fair market value” (defined below) less the exercise price of the warrants by (y) the fair market value. The “fair market value” as used in this paragraph shall mean the volume weighted average price of the Class A common stock for the 10 trading days ending on the trading day prior to the date on which the notice of exercise is received by the warrant agent. Redemption of warrants Once the warrants become exercisable, the Company may redeem the outstanding warrants: •in whole and not in part; •at a price of $ 0.01per warrant; •upon not less than 30 days’ prior written notice of redemption, or the 30 -dayredemption period, to each warrant holder; and •if, and only if, the last sale price of the Class A common stock (or the closing bid price of the Class A common stock in the event the shares of Class A common stock are not traded on any specific trading day) equals or exceeds $ 18.00per share (as adjusted for stock splits, stock dividends, reorganizations and the like) for any 20trading days within a 30trading day period ending on the third trading day before the Company sends the notice of redemption to the warrant holders. F-88

FTAC EMERALD ACQUISITION CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024
(Unaudited)

NOTE 8. FAIR VALUE MEASUREMENTS

|                                   |     |   | September 30, 
          2024 |     |   |     Quoted 
  Prices In 
     Active 
    Markets 
  (Level 1) |     |   | Significant 
 Other       
 Observable  
 Inputs      
 (Level 2)   |     |   |  Significant 
        Other 
 Unobservable 
       Inputs 
    (Level 3) |
|:----------------------------------|:----|:--|--------------:|:----|:--|-----------:|:----|:--|:------------|:----|:--|-------------:|
| Asset:                            |     |   |               |     |   |            |     |   |             |     |   |