Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 19

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 19
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 any future redemptions prior to or in connection with any extension, an initial business combination or the liquidation of Emerald. For illustrative purposes, based on the funds held in the Trust Account as of December31, 2024 of approximately $51.3million, the estimated per share redemption price would have been approximately $11.04. Public Stockholders may elect to redeem their shares whether or not they are holders as of the Record Date and whether or not they vote for the Business Combination Proposal.Notwithstanding the foregoing redemption rights, a Public Stockholder, together with any of his, her or its affiliates or any other person with whom he, she or it is acting in concert or as a “group” (as defined under Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming in the aggregate his, her or its shares or, if part of such a group, the group’s shares, in excess of 20% of the outstanding shares of Emerald Class A Common Stock sold in the IPO. Holders of Emerald’s outstanding warrants sold in the IPO, which are exercisable for shares of Emerald Class A Common Stock under certain circumstances, do not have redemption rights in connection with the Business Combination. Our Sponsor, officers and directors have agreed to waive their redemption rights in connection with the consummation of the Business Combination with respect to any shares of Emerald Class A Common Stock they may hold. As of the Record Date, the Sponsor, and officers and directors collectively owned approximately 67.4% of the issued and outstanding shares of Emerald Class A Common Stock. Our Sponsor, officers and directors have agreed to vote any shares of Emerald Class A Common Stock owned by them in favor of the Business Combination. We may not consummate the Business Combination unless each of the Business Combination Proposal, Organizational Documents Proposal, Election of Directors Proposal, Equity Incentive Plan Proposal, Employee Stock Purchase Plan Proposal and Nasdaq Proposal (collectively, the “Required Proposals”) are approved at the special meeting. The Advisory Organizational Documents Proposals are all conditioned on the approval of the Business Combination Proposal, Nasdaq Proposal, Election of Directors Proposal, Equity Incentive Plan Proposal and Employee Stock Purchase Plan Proposal and the Organizational Documents Proposal. The Adjournment Proposal is not conditioned on the approval of any other proposal set forth in the accompanying proxy statement/prospectus. The Emerald Board has unanimously approved the Merger Agreement and the transactions contemplated thereby