Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 199

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 199
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 ability to consummate its initial business combination and such stockholder could suffer a material loss on its investment in Emerald if it sells such Excess Shares in open market transactions. If third parties bring claims against Emerald, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received by stockholders may be less than $10.10 per share. Emerald’s placing of funds in the Trust Account may not protect those funds from third -partyclaims against Emerald. Although Emerald has sought to have all vendors, service providers, prospective target businesses and other entities with which it does business (except its independent registered accounting firm) execute agreements with Emerald waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of the Public Stockholders, such parties may not execute such agreements, or even if they execute such agreements they may not be prevented from bringing claims against the Trust Account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim against Emerald’s assets, including the funds held in the Trust Account. If any third party refuses to execute an agreement waiving such claims to the monies held in the Trust Account, Emerald’s management will perform an analysis of the alternatives available to it and will only enter into an agreement with a third party that has not executed a waiver if management believes that such third party’s engagement would be significantly more beneficial to Emerald than any alternative. If we do not obtain a waiver from a third party, we will obtain the written consent of our Sponsor before entering into an agreement with such third party. Examples of possible instances where Emerald may engage a third party that refuses to execute a waiver include the engagement of a third -partyconsultant whose particular expertise or skills are believed by management to be significantly superior to those of other consultants that would agree to execute a waiver or in cases where management is unable to find a service provider willing to execute a waiver. In addition, there is no guarantee that such entities will agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with Emerald and will not seek recourse against the Trust Account for any reason. Upon redemption of the Public Shares, if Emerald is unable to complete its initial business combination within the prescribed timeframe, or upon the exercise of a redemption right in