Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 434

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 434
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 or as otherwise provided in any certificate of designation for any series of preferred stock, the holders of the Emerald Common Stock possess all voting power for the election of our directors and any other matter properly submitted to a vote of the stockholders. Holders of Emerald Common Stock are entitled to one vote per share on each matter properly submitted to the stockholders of Emerald on which the holders of Common Stock are entitled to vote. |     | Except as otherwise required by law, the Proposed Charter or as otherwise provided in any certificate of designation for any series of preferred stock, the holders of New Fold Common Stock will possess all voting power for the election of New Fold directors and all other matters requiring stockholder action. Holders of New Fold Common Stock will be entitled to one vote per share on matters to be voted on by stockholders. |
| Board of Directors                                  |     | Currently, the Emerald Board is divided into two classes, each of which will generally serve for a term of two years with only one class of directors being elected at each annual meeting, except that the term of the initial Class I directors expired at the first annual meeting of the stockholders following the effectiveness of the Existing Charter and the term of the initial Class II directors expired at the second annual meeting of the stockholders following the effectiveness of the Existing Charter.       |     | Under the Proposed Charter, the New Fold Board will be divided into three classes, each of which will generally serve for a term of three years with only one class of directors being elected in each year.                                                                                                                                                                                                                             |
| Removal of Directors                                |     | Under the Existing Charter, any or all of the directors may be removed from office at any time, but only for cause and only by the affirmative vote of holders of a majority of the voting power of all the then-outstanding shares of capital stock of Emerald entitled to vote in the election of directors, voting together as a single class.                                                                                                                                                                                |     | Under the Proposed Charter, any individual director or the entire board of directors may be removed from office with cause by the affirmative vote of the holders of at least 662∕3% of the voting power of all then-outstanding shares of the capital stock of New Fold entitled to vote generally at an election of directors.                                                                                                         |
| Amendment of Voting Threshold for Charter Amendment |     | Under the Existing Charter, all matters subject to a stockholder vote, except for amendments to Article IX (Business Combination Requirements; Existence), require the affirmative vote of the holders of a majority of the outstanding Common