Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 114

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 114
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 common share were thereafter renamed, and will have the rights and restrictions attached to the, New Fold Class A common shares. 64 As of December 31, 2024 Emerald had 12.4 million Public Warrants and 0.5 million Private Placement Warrants issued and outstanding. In connection with the Business Combination, Emerald forfeited the Private Placement Warrants. The warrants are exercisable at $11.50 per share which exceeds the current market price of Emerald’s Class A common shares. Additionally, Fold had 0.9 million Series A and 0.9 million Series C Warrants outstanding, at an exercise price of $12.50 and $11.50 per share, respectively, which exceeds the current market price of Fold’s common shares. These warrants are considered anti-dilutive and excluded from the earnings (loss) per share calculation when the exercise price exceeds the average market value of the common share price during the applicable period. The Initial Notes, as described above, contain a conversion feature that allows the Investor the option to convert the Initial Notes in exchange for 1.7 million shares of Class A common stock. The effect of the 1.7 million incremental Class A common shares issuable upon a conversion of the Initial Notes is anti-dilutive and as such, they have been excluded from the earnings (loss) per share calculation. In connection with the closing of the Business Combination, 0.5 million of outstanding Sponsor warrants were forfeited and cancelled, and a total of 5.3 million of Sponsor Restricted Shares were issued, subject to the restrictions as described in the section Sponsor Share Restriction Agreementabove. These shares are included in the earnings (loss) per share calculation.

|                                                                            |     | For the            
 year ended         
 December 31,       
 2024               |            |
|:---------------------------------------------------------------------------|:----|:-------------------|-----------:|
|                                                                            |     | Combined Pro Forma |            |
| Pro forma net loss attributable to common shareholders - basic and diluted |     | $                  | 10,588,360 |
| Weighted average shares outstanding - basic and diluted                    |     |                    | 46,138,876 |
| Pro forma loss per share - basic and diluted                               |     | $                  |       0.23 |
| Pro forma weighted average shares - basic and diluted                      |     |                    |            |
| Emerald Public Shares (1)                                                  |     |                    |  1,341,633 |
| Sponsor Held