Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 277

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 277
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, delay, discourage, adversely affect or inhibit the timely consummation of the Merger or the fulfillment of a party’s conditions under the Merger Agreement or change in any manner the voting rights of any class of shares of Emerald or Fold, as applicable (including any amendments to such party’s governing documents other than in connection with the Merger). 163 The Support Agreement generally prohibits the Voting Parties from transferring their Emerald voting shares or Fold voting securities prior to the consummation of the Merger, other than to certain permitted transferees who become party to, and bound by, the Support Agreement. The Support Agreement will automatically terminate upon the earlier to occur of (i) the Closing and (ii) the termination of the Merger Agreement in accordance with its terms. Registration Rights Agreement Emerald, certain of the Fold stockholders and Emerald stockholders will enter into a Registration Rights Agreement, pursuant to which, among other things, such stockholders will be granted certain registration rights with respect to certain shares of securities held by them. 164 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS OF HOLDERS OF NEW FOLD COMMON STOCK AND EMERALD CLASS A COMMON STOCK The following discussion is a summary of the material U.S. federal income tax considerations of (i) the effect of the Merger with respect to holders of Emerald Public Shares who do not exercise their redemption rights, (ii) the exercise by beneficial owners of Emerald Class A Common Stock (“Emerald Public Shares”) of their redemption rights in connection with the Merger and (iii) the ownership and disposition of New Fold Common Stock. This discussion does not address any tax considerations arising under the laws of any state, local or non -U.S. jurisdiction, or under any U.S. federal laws other than those pertaining to the income tax. This discussion applies only to beneficial owners of New Fold Common Stock or Emerald Public Shares that hold such New Fold Common Stock or Emerald Public Shares (as applicable) as a capital asset for U.S. federal income tax purposes (generally property held for investment). For purposes of this discussion, because any unit consisting of one share of Emerald Class A Common Stock and one redeemable Public Warrant is separable at the option of the holder, Emerald is treating any share of Emerald Class A Common Stock and one Public Warrant held in the form of a single unit as separate instruments and is assuming that the unit itself will not be treated as an integrated instrument. Accordingly, the separation of a unit of Emerald in connection with the Merger