Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 412

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 412
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 to the Code of Conduct, or any waivers of its requirements, will be disclosed on its website. Non-Employee Director Compensation The New Fold Board expects to review director compensation periodically to ensure that director compensation remains competitive such that New Fold is able to recruit and retain qualified directors. In connection with the consummation of the Business Combination, New Fold intends to approve and implement the Director Compensation Program (described above) for our non -employeedirectors, which we expect to become effective as of the closing of the Business Combination. 261 DESCRIPTION OF NEW FOLD’S SECURITIES The following summary of the material terms of New Fold’s securities following the Business Combination is not intended to be a complete summary of the rights and preferences of such securities. The descriptions below are qualified by reference to the actual text of the Proposed Charter. We urge you to read the Proposed Charter in its entirety for a complete description of the rights and preferences of New Fold’s securities following the Business Combination. The Proposed Charter is described in “ Proposals No. 3 — The Advisory Organizational Documents Proposals” and the full text of the Proposed Charter is attached as Annex Bto this proxy statement/prospectus. Authorized and Outstanding Stock The Proposed Charter authorizes the issuance of 620,000,000shares of New Fold capital stock, consisting of 600,000,000shares of New Fold Common Stock and 20,000,000shares of New Fold preferred stock, each having a par value of $0.0001 per share. The outstanding shares of Emerald Class A Common Stock are, and the shares of Emerald Class A Common Stock issued in the Business Combination will be, duly authorized, validly issued, fully paid and non -assessable. Following the consummation of the Business Combination, all outstanding shares of Emerald Class A Common Stock will be reclassified as shares of New Fold Common Stock on a one -to-onebasis. As of the Record Date, there were 14,237,038shares of Emerald Class A Common Stock, no shares of Emerald Class B Common Stock and no shares of preferred stock of Emerald outstanding. New Fold Common Stock Following the Business Combination The Proposed Charter, which Emerald will adopt if the Organizational Documents Proposal is approved, provides the following with respect to the rights, powers, preferences and privileges of New Fold Common Stock. Voting Power Except as otherwise required by law, as otherwise provided in the Proposed Charter (as may be amended from time to time) or as otherwise provided in any certificate of designation for any series