Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 414

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 414
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 Stock, impairing the liquidation rights of the capital stock of New Fold, or delaying or preventing a change in control of New Fold. Registration Rights Emerald, certain of the Fold stockholders and Emerald stockholders will enter into a Registration Rights Agreement, pursuant to which, among other things, such stockholders will be granted certain registration rights with respect to certain shares of securities held by them. Election of Directors and Vacancies Subject to the rights of the holders of any one or more series of preferred stock to elect additional directors under specified circumstances and the terms, the number of directors of the New Fold Board shall be fixed solely and exclusively by the New Fold Board, but shall initially consist of seven directors, which shall be divided into three (3) classes, designated Class I, II and III, respectively. The New Fold Board is authorized to assign members of the New Fold Board already in office to such classes at the time the classification becomes effective. Under the Proposed Bylaws and except as otherwise provided by the Proposed Charter, at all meetings of stockholders called for the election of directors at which a quorum is present, a plurality of the votes properly cast will be sufficient to elect such directors to the New Fold Board. Except as the DGCL may otherwise require and subject to the rights, if any, of the holders of any one or more series of New Fold preferred stock, newly created directorships and any vacancies on the New Fold Board, including unfilled vacancies resulting from the removal of directors, may be filled only by the affirmative vote of a majority of the remaining directors then in office, although less than a quorum, or by the sole remaining director (other than any directors elected by the separate vote of one or more outstanding series of preferred stock), and shall not be filled by the stockholders. All directors will hold office until the expiration of their respective terms of office and until their successors will have been elected and qualified or until their earlier death, resignation, disqualification or removal. A director elected or appointed to fill a vacancy resulting from the death, resignation or removal of a director or a newly created directorship will serve for the remainder of the full term of the class of directors in which the new directorship was created or the vacancy occurred and until his or her successor will have been elected and qualified or until such director’s earlier death, resignation, disqualification or removal. Subject to the rights, if any, of the holders of any one or more series of New Fold preferred stock, any director may be removed from office only for cause and