Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 188

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 188
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 in a conflict of interest on the part of one or more of the directors between what he, she or they may believe is best for Emerald and what he, she or they may believe is best for himself, herself or themselves in determining whether or not to take the requested action. As of the date of this proxy statement/prospectus, Emerald does not believe there will be any material changes or waivers that Emerald’s directors and officers would be likely to make after the mailing of this proxy statement/prospectus. Emerald will circulate a supplemental or amended proxy statement/prospectus if changes to the terms of the Business Combination that would have a material impact on its stockholders are required prior to the vote on the Business Combination Proposal. Emerald’s ability to successfully effect the Business Combination and New Fold’s ability to successfully operate the business thereafter will be largely dependent upon the efforts of certain key personnel of Fold, all of whom Emerald expects to stay with New Fold following the Closing. The loss of such key personnel could negatively impact the operations and financial results of the combined business. Emerald’s ability to successfully effect the Business Combination and New Fold’s ability to successfully operate the business following the Closing is dependent upon the efforts of certain key personnel of Fold. Although Emerald expects key personnel to remain with New Fold following the Business Combination, there can be no assurance that they will do so. It is possible that Fold or New Fold will lose some key personnel, the loss of which could negatively impact the operations and profitability of New Fold. Furthermore, following the Closing, certain of the key personnel of Fold who will become the management of New Fold may be unfamiliar with the requirements of operating a company regulated by the SEC, which could cause New Fold to have to expend time and resources helping them become familiar with such requirements. 102 Public Stockholders will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. To liquidate their investment, therefore, Public Stockholders may be forced to sell their Public Shares or Public Warrants, potentially at a loss. Public Stockholders will be entitled to receive funds from the Trust Account only upon the earliest to occur of: (i) Emerald’s completion of an initial business combination, and then only in connection with those shares of Emerald Class A Common Stock that such Public Stockholder properly elected to redeem, subject to the limitations described herein, (ii) the redemption of any Public Shares properly submitted in connection with a stockholder vote to amend the Existing Charter (A) to modify the substance or timing of Emerald’s obligation