Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 165

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 165
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545shares of common stock outstanding, consisting of (i) 34,548,507shares issued to holders of Fold Capital Stock, (ii) 4,645,816shares held by Emerald Public Stockholders, (iii) 3,297,500shares held by Polar and parties to the Non -RedemptionAgreements, and (iv) 6,293,722shares held by the Sponsor and its affiliates. All shares issued as Merger Consideration in the Business Combination will be freely tradable without registration under the Securities Act and without restriction by persons other than our “affiliates” (as defined under Rule 144 of the Securities Act, referred to herein as “Rule 144”), including our directors, executive officers and other affiliates. Pursuant to that certain letter agreement, dated December 15, 2021, by and among Emerald, certain of its officers and directors, the Sponsor and certain other Emerald stockholders party thereto (the “2021 Letter Agreement”), as modified by the Sponsor Share Restriction Agreement, our Sponsor and certain of Emerald’s directors, officers and stockholders are prohibited from selling, pledging, transferring or otherwise disposing of their ownership interest in New Fold Common Stock issuable upon conversion of shares of Emerald Class A Common Stock. Of these shares: •976,081 will be subject to transfer restrictions until 30 days after the Closing; •1,772,547 will remain subject to transfer restrictions until the earlier of (a) six months following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; 87 •1,772,547 will remain subject to transfer restrictions until the earlier of (a) (x) in the event that Emerald and Fold raise $50 million or more as of the Closing, one year following the Closing, and (y) in the event that Emerald and Fold raise less than $50 million as of the Closing, two years following the Closing, or (b) the first date that the stock price exceeds $15.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; and •1,772,547 will remain subject to transfer restrictions until the earlier of (a) ten years following the Closing or (b) the first date that the stock price exceeds $17.00 for 20 trading days of