Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 435

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 435
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FLDDU,” “FLDD” and “FLDDW,” respectively. On August 1, 2024, Emerald changed the ticker symbols of its common stock, units and warrants from “EMLD,” “EMLDU,” and “EMLDW” to “FLD,” “FLDDU,” and “FLDDW,” respectively. Emerald’s securities commenced trading under the new ticker symbols at market open on August2, 2024. Effective December18, 2024, Emerald changed the ticker symbol of its common stock from “FLD” to “FLDD”. The closing price of the Emerald Units, Emerald Class A Common Stock and the Public Warrants on July 23, 2024, the last trading day before announcement of the execution of the Merger Agreement, was $10.99, $10.76, and $0.0571, respectively. As of January17, 2025, the closing price for the Emerald Class A Common Stock and the Public Warrants was $11.30, and $0.80, respectively. As of January2, 2025, the closing price for the Emerald Units was $10.33. There is no public market for Fold Common Stock. Dividend Policy We have not paid any cash dividends on our shares of Emerald Common Stock to date and do not intend to pay cash dividends prior to the completion of the Business Combination. The payment of cash dividends in the future will be dependent upon New Fold’s revenues and earnings, if any, capital requirements and general financial condition subsequent to the completion of the Business Combination. The payment of any dividends subsequent to Business Combination will be within the discretion of the New Fold Board. It is the present intention of our board of directors to retain all earnings, if any, for use in our business operations and, accordingly, our board of directors does not anticipate declaring any dividends in the foreseeable future. Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith. Recent Sales of Unregistered Securities of Fold Preferred Stock Issuances In March 2021, Fold issued an aggregate of 5,389,718shares of Series A Preferred Shares to accredited investors at a purchase price of $2.41 per share, for an aggregate purchase price of $12,989,220.40. In March 2021, Fold issued an aggregate of 3,005,374shares of Series A -1Preferred Shares to