Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 5

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 5
---
 Agreement dated December 15, 2021, with Continental Stock Transfer & Trust Company, as trustee (the “Trust Agreement”), to allow the trustee to liquidate the trust account (the “Trust Account”) established in connection with the Company’s initial public offering at such time as may be determined as set forth in the Charter Extension Amendment. Following the First Extension Meeting, the Sponsor determined to convert their Founder Shares to shares of Emerald Class A Common Stock on a one -for-onebasis (the “Exchange”). The 8,615,141 shares of Emerald Class A Common Stock issued in connection with the Exchange are subject to the same restrictions as applied to Emerald Class B Common Stock before the Exchange, including, among other things, certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor of an initial business combination as described in the prospectus for the IPO. Between September 7, 2023 and September 15, 2023, Emerald entered into non -redemptionagreements with unaffiliated third parties (the “2023 Non -RedemptionAgreements”) in exchange for each such party agreeing not to redeem Public Shares in connection with the First Extension Meeting. In exchange for the commitments not to redeem Public Shares, Emerald agreed to issue or cause to be issued an aggregate of 1,610,000 shares of Class A Common Stock at the time of Emerald’s initial business combination. On January 19, 2024, Emerald held a special meeting of stockholders (the “Second Extension Meeting”) pursuant to which its stockholders approved an amendment to Emerald’s second amended and restated certificate of incorporation (the “Second Charter Extension Amendment”) and Trust Agreement giving Emerald the right to extend the date by which it has to complete an initial business combination from January 19, 2024 to December 20, 2024. Between January 9, 2024 and January 17, 2024, Emerald entered into non -redemptionagreements with unaffiliated third parties (together with the 2023 Non -RedemptionAgreements, the “Non -RedemptionAgreements”) in exchange for each such party agreeing not to redeem Public Shares in connection with the Second Extension Meeting. In exchange for the foregoing commitments not to redeem Public Shares, Emerald agreed to issue or cause to be issued an aggregate of 1,112,500 shares of Class A Common Stock at the time of Emerald’s initial business combination. On December17, 2024, Emerald held a special meeting of stock