Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 229

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 229
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, and environmental value. •Technology and risk management infrastructure. •Products or solutions that improve environmental outcomes, advance progress toward greater diversity, equity, and inclusion. Emerald’s management team employed various strategies to identify an appropriate target company, including: •Contacting investment bankers, attorneys, accountants, venture capital funds, private equity funds, leveraged buyout funds, management buyout funds, brokers and other members of the financial community and corporate executives. •Contacting investment banks that might be working with companies looking for exits or funding. •Contacting private equity and venture capital investment firms that might have portfolio companies they are looking to exit. •Caucusing Emerald’s officers and directors, as well as their affiliates, for target business candidates of which they become aware through their contacts. •Conducting Internet research in order to find companies that might be looking for funding or a sale. In addition, following the IPO, Emerald retained certain consultants and professional advisors to provide assistance in operations matters, including in the areas of due diligence and transaction execution. From the date of the IPO through the signing of the LOI (as defined below) with Fold in June 2024, Betsy Z. Cohen, the Chairman of the Emerald Board, Bracebridge Young, Jr., Emerald’s Chief Executive Officer, and each of Amanda Abrams, Jeff Blomstrom and Mehar Jagota, advisors to Emerald, reviewed target companies identified by representatives of Emerald and its financial advisors. During the same period, representatives of Emerald also contacted, and were contacted by, several representatives of potential target companies with respect to business combination opportunities. As part of this process, representatives of Emerald considered and evaluated over 100 potential acquisition targets in a variety of sectors, signed 30 non -disclosureagreements in addition to the non -disclosureagreement entered into with Fold (each of which contained customary terms regarding disclosure of confidential information but did not contain any standstill, exclusivity or similarly restrictive provisions), and evaluated illustrative transaction structures to effect a potential business combination with nine of such potential acquisition targets in addition to Fold. In connection with such evaluation, representatives of Emerald had discussions regarding potential transaction structures with the members of management and/or the boards of directors of certain of these potential acquisition targets, and representatives of Emerald submitted a non -bindingletter of intent to six acquisition targets (other than Fold). In March of 2023, Emerald entered into a non -bindingletter of intent with one such target in the renewable energy sector, but ultimately Emerald did not further pursue a potential