Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 523

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 523
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. The Company estimated the aggregate fair value of the 1,610,000Investor Shares attributable to the non -redeemingshareholders to be $ 708,400or $ 0.44per share. The fair value of the Investor Shares was recorded as an expense with a corresponding credit to additional paid -incapital. NOTE 7. STOCKHOLDERS’ DEFICIT Preferred Stock The Company is authorized to issue 1,000,000shares of preferred stock with a par value of $ 0.0001per share. At December 31, 2023 and 2022, there were noshares of preferred stock issued or outstanding. F-62 FTAC EMERALD ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023 and 2022 NOTE 7. STOCKHOLDERS’ DEFICIT (cont.) Class A Common Stock The Company is authorized to issue 42,000,000shares of Class A common stock with a par value of $ 0.0001per share. Holders of Class A common stock are entitled to one vote for each share. Following the Meeting on September 19, 2023, the Sponsor determined to convert all the outstanding shares of Class B common stock into shares of Class A common stock on a one -for-onebasis (the “Class B Conversion”). Notwithstanding the Class B Conversion, the Sponsor, as well as the Company’s officers and directors, will not be entitled to receive any funds held in the Trust Account with respect to any shares of Class A common stock issued to such holders as a result of the Class B Conversion, and no additional amounts will be deposited into the Trust Account in respect of shares of Class A common stock held by the Sponsor. As of December 31, 2023 and 2022, there were 25,221,372and 25,845,423shares of Class A common stock issued and outstanding, respectively, of which 15,630,150shares and 24,869,342shares are subject to possible redemption, respectively, and thus classified as temporary equity. Class B Common Stock The Company is authorized to issue 10,000,000shares of Class B common stock with a par value of $ 0.0001per share. Holders of the Class B common stock are entitled to one vote for each share. Holders of Class B common stock will vote on the election of directors prior to