Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 74

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 74
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2026), (b) in which it has total annual gross revenue of at least $1.235 billion or (c) in which Emerald is deemed to be a “large accelerated filer” under the rules of the SEC, which means the market value of Emerald’s common equity that is held by non -affiliatesexceeds $700 million as of the end of the prior fiscal year’s second fiscal quarter; and (2) the date on which Emerald will have issued more than $1.0 billion in non -convertibledebt securities during the prior three -yearperiod. Summary of Risk Factors In evaluating the Business Combination and the proposals to be considered and voted on at the special meeting of Emerald stockholders, you should carefully read this proxy statement/prospectus, including the annexes, and especially review and consider the factors discussed in the section entitled “ Risk Factors” beginning on page 43 of this proxy statement/prospectus. Some of the risks related to Fold’s business and industry, Emerald, and the Business Combination are summarized below. Risks Related to Fold’s Business and Industry •Our operating results have and will significantly fluctuate, including due to the highly volatile nature of Bitcoin. •Changes in card network rules or standards could adversely affect our business. •We operate in a highly competitive industry and we compete against companies with greater financial and other resources, and our business, operating results, and financial condition may be adversely affected if we are unable to respond to our competitors effectively. •Our long -termsuccess depends on our ability to develop new and innovative products and services to address and keep pace with the rapidly evolving market for payments and financial services, and, if we are not able to implement successful enhancements and new features for our products and services, our business, operating results and financial condition could be materially and adversely affected. •If we cannot keep pace with rapid industry changes to provide new and innovative products and services, the use of our products and services, and consequently our net revenue, could decline, which could adversely impact our business, operating results, and financial condition. •Any significant disruption in our products and services, in our information technology systems, or in blockchain networks related to our business, could result in a loss of customers or funds and adversely impact our brand and reputation and our business, operating results, and financial condition. •Our or our third -partypartners’ failure to safeguard and manage our and our customers’ fiat currencies and Bitcoin could adversely impact our business, operating results, and financial condition