Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 409

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 409
---
 and code of business conduct and ethics and recommending to the New Fold Board any changes to such policies and principles; •developing and periodically reviewing with New Fold’s Chief Executive Officer the plans for succession for New Fold’s Chief Executive Officer and other executive officers, as it sees fit, and making recommendations to the New Fold Board with respect to the selection of appropriate individuals to succeed to these positions; •considering the New Fold Board’s leadership structure, including the separation of the roles of chairperson of the New Fold Board and the Chief Executive Officer and/or the appointment of a lead independent director; •periodically reviewing the processes and procedures used by New Fold to provide information to the New Fold Board and its committees and the scope of such information and making recommendations to the New Fold Board and management for improvement as appropriate; and •reviewing periodically the nominating and corporate governance committee charter and recommending any proposed changes to the New Fold Board, including undertaking an annual review of its own performance. The composition and function of the nominating and corporate governance committee will comply with all applicable requirements of the Sarbanes -OxleyAct, SEC rules and regulations and Nasdaq listing rules. Compensation Committee Interlocks and Insider Participation None of the intended members of New Fold’s compensation committee has ever been an executive officer or employee of New Fold. None of New Fold’s executive officers currently serve, or has served during the last completed fiscal year, on the compensation committee or board of directors of any other entity that has one or more executive officers that will serve as a member of the New Fold Board or compensation committee. Limitation on Liability and Indemnification of Directors and Officers The Proposed Charter, which will be effective upon consummation of the Business Combination, eliminates the liability of New Fold’s officer and directors for monetary damages to the fullest extent permitted by applicable law. The DGCL provides that officers and directors of a corporation will not be personally liable for monetary damages for breach of their fiduciary duties, except for liability: •for any transaction from which the director or officer derives an improper personal benefit; •for any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law; •for any unlawful payment of dividends or redemption of shares by directors; or •for any breach of a director’s or officer’s duty of loyalty to the corporation or its stockholders. If the DGCL is amended to authorize corporate action further eliminating or limiting the personal liability of officers and directors, then the liability of New Fold’s officers and directors will be