Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 279

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 279
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.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 or exercise of redemption rights generally should not be a taxable event for U.S. federal income tax purposes. This position is not free from doubt, and no assurance can be given that the IRS would not assert, or that a court would not sustain, a contrary position. Holders are urged to consult their tax advisors with respect to any Emerald Public Shares held through a unit of Emerald. This discussion is based on the provisions of the Code, U.S. Treasury regulations, administrative rulings and judicial decisions, all as of the date hereof, and all of which are subject to change, possibly with retroactive effect. We cannot assure you that a change in law will not significantly alter the tax considerations that we describe in this summary. We have not sought any ruling from the IRS with respect to the statements made and the conclusions reached in the following summary, and there can be no assurance that the IRS or a court will agree with such statements and conclusions. This summary does not address the Medicare tax on certain investment income, the alternative minimum tax, U.S. federal estate or gift tax laws, any state, local or any non -U.S. tax laws. In addition, this discussion does not address all U.S. federal income tax considerations that may be important to a particular holder in light of the holder’s circumstances, or to certain categories of investors that may be subject to special rules, such as: •our Sponsor, officers, directors or other holders of our Class B Common Stock or Private Placement Units; •banks or other financial institutions; •tax -exemptentities; •insurance companies; •dealers in securities or foreign currencies; •traders in securities subject to a mark -to-marketmethod of accounting for U.S. federal income tax purposes; •