Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1019

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1019
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for resale (in the case of the Founder Shares, only after conversion to the Class A common stock). The holders of these securities are
entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders
have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of
a Business Combination. The registration rights agreement does not contain liquidated damages or other cash settlement provisions resulting
from delays in registering the securities. The Company will bear the expenses incurred in connection with the filing of any such registration
statements.

F-15

FOLD HOLDINGS, INC.

(F/K/A FTAC EMERALD ACQUISITION CORP.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

Warrant Amendments

The warrant agreement provides that the terms
of the warrants may be amended without the consent of any stockholder or warrant holder to cure any ambiguity or correct any defective
provision or to make any amendments that are necessary in the good faith determination of the board of directors of the Company (taking
into account then existing market precedents) to allow for the warrants to continue to be classified as equity in the Company’s
consolidated financial statements, but requires the approval by the holders of at least 50% of the then outstanding Public Warrants to
make any change that adversely affects the interests of the registered holders of Public Warrants. Accordingly, the Company may amend
the terms of the Public Warrants (i) in a manner adverse to a holder of Public Warrants if holders of at least 50% of the then outstanding
Public Warrants approve of such amendment or (ii) to the extent necessary for the warrants in the good faith determination of the board
of directors of the Company (taking into account then existing market precedents) to allow for the warrants to continue to be classified
as equity in the Company’s consolidated financial statements without the consent of any stockholder or warrant holder. Although
the Company’s ability to amend the terms of the Public Warrants with the consent of at least 50% of the then outstanding Public
Warrants is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the warrants,
convert the warrants into cash or shares, shorten the exercise period or decrease the number of shares of Class A common stock purchasable
upon exercise of a warrant.

Underwriting Agreement