Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 282

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 282
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 required to allocate the issue price paid for Emerald Public Shares and Public Warrants based on the relative fair market value of each at the time of purchase of the units. The price allocated to each Emerald Public Share and Public Warrant is the holder’s tax basis in such Emerald Public Share (and following the Merger, tax basis in such share of New Fold Common Stock) or Public Warrant, respectively. A holder’s purchase price allocation is not binding on the IRS or the courts. No assurance can be given that the IRS or the courts will agree with a U.S. Holder’s allocation. Accordingly, each holder of units of Emerald is advised to consult such holder’s own tax advisors with respect to its basis in the Emerald Public Shares. Treatment of Redemption for U.S. Federal Income Tax Purposes We have not requested, and do not intend to request, a ruling from the IRS as to the U.S. federal income tax considerations of the redemption of Emerald Public Shares. Consequently, no assurance can be given that the IRS will not assert, or that a court would not sustain, a position contrary to any of those set forth below. Each holder of Emerald Public Shares is urged to consult its tax advisor with respect to the particular tax consideration of the redemption to such holder. The discussion below applies to you if you are a holder of Emerald Public Shares that exercises the redemption rights described above under “ Special Meeting of Emerald Stockholders — Redemption Rights” with respect to your Emerald Public Shares. The treatment of a redemption of your Emerald Public Shares for U.S. federal income tax purposes will depend on whether the redemption qualifies as a sale or exchange of the Emerald Public Shares under Section 302 of the Code. If the redemption qualifies as a sale or exchange of the Emerald Public Shares, you will recognize gain or loss as described below under “ U.S. Holder — Redemption of Emerald Public Shares Treated as Sale or Exchange” or “ Non -U .S. Holder — Redemption of Emerald Public Shares Treated as Sale or Exchange, ”as applicable. If the redemption does not qualify as a sale or exchange of Emerald Public Shares, you will be treated as receiving a corporate distribution subject to tax as described below under “ U.S. Holder — Redemption of Emerald Public Shares Treated as Distributions” or “ Non -U .S. Holder — Redemption of Emerald Public Shares Treated as Distributions, ”as applicable. Whether a redemption qualifies for sale or exchange treatment will depend largely on the total number of shares of Emerald Public Shares treated as held by you (including