Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 72

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 72
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 in or consider. Northland’s opinion does not constitute advice or a recommendation to any securityholder or other person as to how to vote or act on any matter relating to the Business Combination or otherwise. Interests of Emerald’s Directors and Officers in the Business Combination When considering the Emerald Board’s recommendation that Emerald’s stockholders vote in favor of the approval of the Business Combination Proposal and the other proposals presented for stockholder approval in this proxy statement/prospectus, Emerald’s stockholders should be aware that Sponsor and certain of Emerald’s executive officers and directors have interests in the Business Combination that may be different from or in addition to (or which may conflict with) the interests of Emerald’s other stockholders. 33 These interests may influence Emerald’s directors in making their recommendation that you vote in favor of the Business Combination Proposal and the transactions contemplated thereby. These interests were considered by the Emerald Board when it approved the Business Combination. For further information, please see the section entitled “ The Business Combination — Interests of Emerald’s Directors and Officers in the Business Combination.” Redemption Rights Pursuant to our Existing Charter, holders of Public Shares may elect to have their Public Shares redeemed for cash at the applicable redemption price per share calculated in accordance with our Existing Charter. For illustrative purposes, based on funds in the Trust Account of approximately $51.3 million on December31, 2024, the estimated per share redemption price would have been approximately $11.04. If a Public Stockholder exercises its redemption rights, then such Public Stockholder will be exchanging its shares of Emerald Class A Common Stock for cash and will no longer own shares of Emerald. Such a holder will be entitled to receive cash for its Public Shares only if it properly demands redemption and delivers its shares (either physically or electronically) to our transfer agent in accordance with the procedures described herein. Each redemption of Public Shares by our Public Stockholders will decrease the amount in our Trust Account. See the section entitled “ Special Meeting of Emerald Stockholders — Redemption Rights” for the procedures to be followed if you wish to redeem your shares for cash. U.S. Federal Income Tax Considerations for Holders of Emerald Class A Common Stock Exercising Redemption Rights As described more fully herein, a holder of Class A Common Stock that exercises its redemption rights to receive cash in exchange for such shares may be treated as selling its Class A Common Stock in a taxable sale or exchange resulting in the recognition of gain or loss. There may be certain circumstances in which the redemption may be treated as a distribution of an amount equal