Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 373

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 373
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 and not previously released to Emerald to pay its taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) subject to the approval of the remaining stockholders and the board of directors, dissolve and liquidate. There will be no redemption rights or liquidating distributions with respect to outstanding warrants, which will expire worthless if Emerald fails to complete the Business Combination within the allotted time period. The Sponsor, officers and directors entered into a letter agreement pursuant to which they have waived their rights to liquidating distributions from the Trust Account with respect to any Founder Shares and placement shares held by them if Emerald fails to complete the Business Combination within the allotted time. However, if the Sponsor, Emerald’s officers or directors separately acquire Public Shares, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if Emerald fails to complete the Business Combination within the allotted time. Facilities Emerald’s executive offices are located at 2929 Arch Street, Suite 1703, Philadelphia, PA 19104 and the telephone number is (215) 701 -9555. The executive offices are provided by the Sponsor. As of the date of this proxy statement/prospectus, Emerald has agreed to pay the Sponsor a total of $30,000 per month for office space, utilities and secretarial and administrative support. The current office space is considered adequate for Emerald’s current operations. 232

Employees Emerald has two executive officers. These individuals are not obligated to devote any specific number of hours to Emerald’s matters but they intend to devote as much of their time as they deem necessary, in the exercise of their respective business judgement, to Emerald’s affairs until the Business Combination is completed. The amount of time they will devote in any time period will vary based on the stage of the Business Combination process. Emerald does not have any full -timeemployees as of the date of this proxy statement/prospectus. Legal Proceedings There is no material litigation, arbitration or governmental proceeding currently pending against Emerald or any members of its management team in their capacity as such. Directors and Executive Officers Emerald’s executive officers and directors are as follows:

| Name                      |     | Age |     | Position                              |
| Betsy Cohen               |     |  82 |     | Chairman of the Board                 |
| Bracebridge H.