Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 77

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 77
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 in a timely or cost -effectivemanner. •If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports, and the market price of our common stock may decline. •Our management has limited experience in operating a public company. •Changes to, or changes to interpretations of, the U.S. federal, state, local or other jurisdictional tax laws could have a material adverse effect on our business, financial condition and results of operations. Risks Related to Tax and Accounting Matters •There is uncertainty regarding the federal income tax considerations of the redemption to the holders of Class A Common Stock. •Emerald’s management has concluded that there is substantial doubt about its ability to continue as a “going concern.” Risks Related to the Business Combination and New Fold •If the perceived benefits of the Business Combination do not meet the expectations of investors or securities analysts, the market price of Emerald Common Stock may decline before the Closing, or the market price of New Fold’s securities may decline after the Closing. •Fluctuations in operating results, quarter to quarter earnings and other factors, including incidents involving customers and negative media coverage, may result in significant decreases in the price of New Fold’s securities. •An active market for New Fold’s securities may not develop, which would adversely affect the liquidity and price of New Fold’s securities. •Fold does not have experience operating as a United States public company and may not be able to adequately develop and implement the governance, compliance, risk management and control infrastructure and culture required for a public company, including compliance with the Sarbanes Oxley Act. 37 •If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports, and the market price of our common stock may decline. Risks Related to Emerald’s Business and the Business Combination •The Business Combination and New Fold becoming a publicly listed company as a result of the Merger differs significantly from an underwritten initial public offering. •The unaudited pro forma financial information included herein may not be indicative of what New Fold’s actual financial position or results of operations would have been. •Our Sponsor, officers and directors have potential conflicts of interest in recommending that stockholders vote in favor of approval of the Business Combination Proposal and approval of the other proposals described in this proxy statement/prospectus. Risks Related to Redemptions •If a stockholder fails to receive