Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 262

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 262
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 materiality different from that generally applicable to stockholders and were used for the purpose of allocating risk among the parties rather than establishing matters as facts. We do not believe that the disclosure schedules contain information that is material to an investment decision. Additionally, the representations and warranties of the parties to the Merger Agreement may or may not have been accurate as of any specific date and do not purport to be accurate as of the date of this proxy statement. Accordingly, no person should rely on the representations and warranties in the Merger Agreement or the summaries thereof in this proxy statement as characterizations of the actual state of facts about Emerald, Merger Sub, Fold or any other matter. General: Structure of the Business Combination On July 24, 2024, Emerald entered into the Merger Agreement, by and among Emerald, Merger Sub and Fold. The Merger Agreement provides, among other things, that on the terms and subject to the conditions set forth therein, a business combination between Emerald and Fold will be effected through the merger of Merger Sub with and into Fold, with Fold surviving the Merger as a wholly owned subsidiary of Emerald. The Merger Agreement was approved by the board of directors of each of Emerald and Fold. Conversion of Securities Immediately prior to the Effective Time, each share of Fold Preferred Stock will be converted into Fold Common Stock (the “Fold Security Conversion”). At the Effective Time, by virtue of the Merger and without any action on the part of Emerald, Merger Sub, Fold or the Fold stockholders: •Each share of Fold Common Stock that is issued and outstanding immediately prior to the Effective Time (other than shares excluded pursuant to the Merger Agreement, and after giving effect to the conversion of Fold Preferred Stock and Fold SAFEs into Fold Common Stock immediately prior to the Closing) will be canceled and converted into the right to receive a number of shares of Emerald Class A Common Stock (rounded down to the nearest whole share) equal to the quotient obtained by (a) the Aggregate Merger Consideration, dividedby (b) the number of shares of Fold Fully Diluted Capital Stock. •Each share of Merger Sub capital stock shall be converted into one share of common stock, par value $0.0001, of the surviving corporation. •All Fold Common Stock issued and outstanding immediately prior to the Effective Time held by Fold in treasury shall be automatically canceled, and no consideration shall be delivered in exchange. •Each outstanding Fold RSU Award shall automatically be converted into an award of restricted stock units covering a