Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 206

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 206
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 following: •Emerald’s unaudited condensed financial statements and related notes as of and for the nine months ended September30, 2024 included elsewhere in this proxy statement/prospectus. •Fold’s unaudited condensed financial statements and related notes as of and for the nine months ended September30, 2024 included elsewhere in this proxy statement/prospectus. •Emerald’s audited financial statements and related notes for the year ended December31, 2023 included elsewhere in this proxy statement/prospectus. •Fold’s audited financial statements and related notes for the year ended December31, 2023 included elsewhere in this proxy statement/prospectus. Certain direct and incremental costs related to the Business Combination will be recorded as a reduction against additional paid -in-capital, consistent with the accounting for reverse recapitalizations. The unaudited pro forma condensed combined financial statements do not give effect to any anticipated synergies, operating efficiencies or cost savings that may be associated with the Business Combination. The unaudited condensed combined pro forma adjustments reflecting the consummation of the Business Combination and related transactions are based on certain estimates and assumptions. These estimates and assumptions are based on information available as of the dates of these unaudited pro forma condensed combined financial statements and may be revised as additional information becomes available. Therefore, it is likely that the actual adjustments will differ from the pro forma adjustments and it is possible the difference may be material. The following describes the above entities: Emerald The Company is a blank check company incorporated in Delaware on February 19, 2021, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”). The Company may pursue an initial Business Combination target in any business or industry. As of September 30, 2024, the Company had not commenced any operations. All activity for the period from February 19, 2021 (inception) through September 30, 2024 relates to Emerald’s formation, the Public Offering (the “Public Offering” or “IPO”), and efforts in identifying a target to consummate an initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generates non -operatingincome in the form of interest income from the proceeds derived from the Public Offering placed in the Trust Account. 111 Fold Fold is a bitcoin financial services company dedicated to expanding access to