Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 388

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 388
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 materially from those contained in these forward -looking statements due to a number of factors, including those discussed in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward -Looking Statements.” References in this “Emerald Management’s Discussion and Analysis of Financial Condition and Results of Operations” section to the “Company,” “us,” “our” or “we” refer to FTAC Emerald Acquisition Corp. Overview Emerald is a blank check company incorporated in Delaware on February 19, 2021 and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target businesses. Emerald is an emerging growth company and, as such, is subject to all of the risks associated with emerging growth companies. On December 20, 2021, we completed the IPO of 28,693,342 units, including 2,869,342 units from the partial exercise of the overallotment option by the underwriters, at $10.00 per unit (the “Units”). Each Unit consists of one Emerald Class A Common Stock and one -halfof one Public Warrant. Each whole warrant entitles the holder to purchase one Class A common stock at a price of $11.50 per share. Simultaneously with the consummation of the IPO, we consummated the private placement of 976,081 Private Placement Units to Sponsor at a price of $10.00 per unit, generating $9,760,810 in additional proceeds. Holders of Emerald Class A Common Stock elected to redeem 9,239,192, 10,872,266 and 112,068 shares of Emerald Class A Common Stock in connection with the First Extension Meeting, Second Extension Meeting and Third Extension Meeting, respectively. Upon completion of such redemptions and after the conversion of shares of Emerald Class B Common Stock to shares of Emerald Class A Common Stock, 14,237,038 shares of Emerald Class A Common Stock remained issued and outstanding as of the Record Date. In conjunction with the above redemptions, the stockholders also voted on extending the original liquidation date from September 20, 2023 to December 20, 2025 (“Extension Deadline”). The Sponsor also converted their 8,615,141 Founder Shares to shares of Emerald Class A Common Stock on a one -for-onebasis (the “Exchange”). The 8,615,141 shares of Emerald Class A Common Stock issued in connection with the Exchange