Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 312

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 312
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LY RECOMMENDS THAT THE EMERALD STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE EMPLOYEE STOCK PURCHASE PLAN PROPOSAL. The existence of financial and personal interests of one or more of Emerald’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of Emerald and its stockholders and what he, she or they may believe is best for himself, herself, or themselves in determining to recommend that stockholders vote for the Employee Stock Purchase Plan Proposal. In addition, Emerald’s directors, executive officers and the Sponsor and its affiliates may have interests in the Business Combination that may conflict with your interests as a stockholder. See the section titled “ The Business Combination — Interests of Emerald’s Directors and Officers in the Business Combination ” for a further discussion of these considerations. 190 PROPOSAL NO. 7 — THE NASDAQ PROPOSAL Overview In connection with the Business Combination, we intend to effect (subject to customary terms and conditions, including the Closing), for purposes of complying with the applicable listing rules of The Nasdaq Stock Market LLC, the issuance, pursuant to the Merger Agreement, of shares of Emerald Class A Common Stock in connection with the Business Combination. For further information, please see the section entitled “ Proposal No. 1 — The Business Combination Proposal,” as well as the annexes to this proxy statement/prospectus. Why Emerald Needs Stockholder Approval We are seeking stockholder approval in order to comply with Nasdaq Listing Rule 5635(a), (b), (c) and (d), as applicable. Under Nasdaq listing rule 5635(a), stockholder approval is required prior to the issuance of securities in connection with the acquisition of another company if such securities are not issued in a public offering and (i) have, or will have upon issuance, voting power equal to or in excess of 20% of the voting power outstanding before the issuance of such securities (or securities convertible into or exercisable for common stock), or (ii) the number of shares of common stock to be issued is or will be equal to or in excess of 20% of the number of shares of common stock outstanding before the issuance of the stock or securities. Under Nasdaq listing rule 5635(b), stockholder approval is required prior to the issuance of securities when the issuance or potential issuance will result in a “change of control” of the registrant. Although Nasdaq has