Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 285

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 285
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 recognized by non -corporateU.S. Holders (including individuals). It is unclear, however, whether the redemption rights with respect to the Emerald Public Shares described herein may suspend the running of the applicable holding period for this purpose. The deductibility of capital losses is subject to limitations. Any gain or loss recognized by a U.S. Holder on the sale or exchange of New Fold Common Stock or on the redemption of Emerald Public Shares treated as a sale or exchange will be treated as U.S. source gain or loss. Generally, the amount of gain or loss recognized by a U.S. Holder is an amount equal to the difference between (i) the sum of the amount of cash and the fair market value of any property received in such sale, exchange, redemption or other taxable disposition and (ii) the U.S. Holder’s adjusted tax basis in New Fold Common Stock so disposed of (or in the Emerald Public Shares so redeemed, as applicable). A U.S. Holder’s adjusted tax basis in its New Fold Common Stock or Emerald Public Shares generally will equal the U.S. Holder’s acquisition cost allocated to New Fold Common Stock or Emerald Public Shares as described above under “ Allocation of Purchase Price between Emerald Public Shares and Public Warrants” less any prior distributions paid to such U.S. Holder with respect to its shares of New Fold Common Stock or Emerald Public Shares treated as a return of capital. U.S. Holders who hold different blocks of New Fold Common Stock or Emerald Public Shares (shares of New Fold Common Stock or Emerald Public Shares purchased or acquired on different dates or at different prices) should consult their tax advisor to determine the adjusted tax basis and holding period of the shares of New Fold Common Stock disposed of (or the Emerald Public Shares redeemed, as applicable). Please see the section entitled “ Treatment of Redemption for U.S. Federal Income Tax Purposes” above and consult your own tax advisors to determine if the redemption should be treated as a sale or exchange for U.S. federal income tax purposes in your particular circumstances. Non-U.S. Holders U.S. Federal Income Tax Considerations of Ownership and Disposition of New Fold Common Stock; Redemption of Emerald Public Shares The following discussion is a summary of certain material U.S. federal income tax considerations of (1) the ownership and disposition of New Fold Common Stock to Non -U.S. Holders who hold shares of New Fold Common Stock following the Merger; and (2) the exercise by Non -U.S. Holders of Emerald Public Shares of their redemption rights in