Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 260

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 260
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 following summarizes the pro forma ownership of New Fold Common Stock following the Business Combination assuming the no additional redemptions, 25% redemptions and maximum redemptions scenarios. The ownership percentages reflected in the table are based upon the number of shares of Fold Common Stock and Fold Preferred Stock issued and outstanding as of September30, 2024 (after giving effect to the redemption of 112,068shares of Emerald Class A Common Stock in connection with the Third Extension Meeting on December17, 2024) and are subject to the following additional assumptions: •all outstanding Fold SAFEs and Fold Preferred Stock will be converted to Fold Common Stock prior to the Closing; •the total shares of New Fold Common Stock to be issued to holders of Fold Common Stock (including holders of Fold Preferred Stock and Fold SAFEs, which will convert or be deemed to convert into Fold Common Stock immediately prior to the Closing, and 500,000shares of New Fold Common Stock issuable upon exercise of the New Fold Series B Investor Warrants) will be 34,548,507; •all Fold RSU Awards have been converted to restricted stock units covering shares of New Fold Common Stock as of the Effective Time; •the shares to be issued to Fold stockholders do not account for the issuance of any additional shares following the closing of the Business Combination under the Incentive Award Plan and ESPP; •no exercise of Emerald Warrants; and •no issuance of additional securities by Emerald prior to the Effective Time. If any of these assumptions are not correct, these percentages will be different. For purposes of the table: • Assuming minimum redemption scenario: This presentation assumes that no Public Stockholders exercise redemption rights with respect to their Public Shares in addition to any redemptions that have occurred subsequent to September30, 2024. • Assuming 25% redemption scenario: This presentation assumes that that 1.2million Public Shares are redeemed for an aggregate redemption payment of approximately $13.1million. • Assuming maximum redemption scenario: This scenario assumes that 3.6million Public Shares are redeemed for an aggregate redemption payment of approximately $39.4million. This maximum redemption scenario reflects the maximum number of Emerald’s Public Shares that can be redeemed without violating the conditions of the Merger Agreement that Emerald cannot redeem Public Shares if it would result in Emerald having a minimum net tangible asset value of less than $5,000,001, after giving effect to the payments to redeeming shareholders.

|                                                              |     |    Assuming 
     Minimum 
 Redem