Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 514

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 514
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 may be required (the “Working Capital Loans”). If the Company completes the initial Business Combination, the Company expects to repay such loaned amounts out of the proceeds of the Trust Account released to the Company. In the event that the initial Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used to repay such loaned amounts. On January 13, 2023, the Sponsor agreed to loan the Company up to an aggregate principal amount of $3,000,000 pursuant to the Promissory Note (as amended on October 16, 2023) described above. At December 31, 2023 and 2022, $2,025,000 and $0 of such Working Capital Loans were outstanding, respectively. F-60 FTAC EMERALD ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2023 and 2022 NOTE 5. RELATED PARTY TRANSACTIONS (cont.) Administrative Services Agreement The Company has entered into an administrative services agreement as of the effective date of the registration statement for the Public Offering pursuant to which the Company will pay the Sponsor or its designee a total of $30,000 per month for office space, administrative and shared personnel support services. Upon completion of the Company’s initial Business Combination or its liquidation, the Company will cease paying these monthly fees. For the year ended December 31, 2023, the Company incurred $360,000 for the administrative support services. For the year ended December 31, 2022, the Company incurred and paid $360,000 for the administrative support services. As of December 31, 2023 and 2022, $286,451 and $16,451 of administrative support services was included in Due to related party in the accompanying balance sheets, respectively. NOTE 6. COMMITMENTS AND CONTINGENCIES Registration Rights Pursuant to a registration rights agreement entered into on December 15, 2021, the holders of the Founder Shares, Private Placement Units and units that may be issued upon conversion of Working Capital Loans (and any Class A common stock issuable upon the exercise of the Private Placement Units and units that may be issued upon conversion of Working Capital Loans and upon conversion of the Founder Shares) are entitled to registration rights, requiring the Company to register such securities and any other securities of the Company acquired by them prior to the