Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 307

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 307
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stentions and broker non -votes, while considered present for the purposes of establishing a quorum, will not count as votes cast at the special meeting. RECOMMENDATION OF THE EMERALD BOARD THE EMERALD BOARD RECOMMENDS THAT THE EMERALD STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE EQUITY INCENTIVE PLAN PROPOSAL. The existence of financial and personal interests of one or more of Emerald’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of Emerald and its stockholders and what he, she or they may believe is best for himself, herself, or themselves in determining to recommend that stockholders vote for the Equity Incentive Plan Proposal. In addition, Emerald’s directors, executive officers and the Sponsor and its affiliates may have interests in the Business Combination that may conflict with your interests as a stockholder. See the section titled “ The Business Combination — Interests of Emerald’s Directors and Officers in the Business Combination ” for a further discussion of these considerations. 185 PROPOSAL NO. 6 — THE EMPLOYEE STOCK PURCHASE PLAN PROPOSAL Overview As discussed in this proxy statement/prospectus, Emerald is asking its stockholders to approve the ESPP. The Emerald Board approved and adopted the ESPP, subject to stockholder approval. If the Emerald stockholders approve this proposal, the ESPP will become effective upon the consummation of the Business Combination. The terms of the ESPP have not yet been determined. The following is a summary of the expected material terms of the ESPP. A copy of the ESPP is attached to this proxy statement/prospectus as Annex E. Purpose of the ESPP The purpose of the ESPP is to assist employees of New Fold and its participating subsidiaries in acquiring an ownership interest in New Fold through accumulated payroll deductions. New Fold believes that the ESPP is a key factor in retaining its existing employees, recruiting and retaining new employees and aligning the interests of its employees with those of New Fold’s stockholders. Summary of the ESPP The following summarizes the expected material terms of the ESPP. This summary is qualified in its entirety by reference to the full text of the ESPP. The ESPP is comprised of two distinct components in order to provide increased flexibility to grant purchase rights under the ESPP to U.S. and any non -U.S. employees. Specifically, the ESPP authorizes (i