Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 63

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 63
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 outstanding an aggregate of 12,922,712 warrants, which includes 488,041 Private Placement Warrants and 12,434,671 Public Warrants. Each warrant entitles the holder thereof to purchase one share of Emerald Class A Common Stock and, following the Business Combination, will entitle the holder thereof to purchase one share of New Fold Common Stock. Under the “minimum redemptions” scenario, upon completion of the Business Combination, Emerald’s Public Stockholders would retain an ownership interest of approximately 9.6% in New Fold, the Sponsor and its affiliates and certain current and former directors, as the sole holders of Founder Shares, will retain an ownership interest of approximately 13.0% of New Fold, and Fold stockholders will own approximately 70.5% of New Fold. Under the “25% redemptions” scenario, upon completion of the Business Combination, Emerald’s Public Stockholders would retain an ownership interest of approximately 7.3% in New Fold, the Sponsor and its affiliates and certain current and former directors, as the sole holders of Founder Shares, will retain an ownership interest of approximately 13.3% of New Fold, and Fold stockholders will own approximately 72.3% of New Fold. Under the “maximum redemptions” scenario, upon completion of the Business Combination, Emerald’s Public Stockholders would retain an ownership interest of approximately 2.4% in New Fold, the Sponsor and its affiliates and certain current and former directors, as the sole holders of Founder Shares, will retain an ownership interest of approximately 13.9% of New Fold, and Fold stockholders will own approximately 76.4% of New Fold. The following summarizes the pro forma ownership of New Fold Common Stock following the Business Combination assuming the minimum redemptions, 25% redemptions and maximum redemptions scenarios. The ownership percentages reflected in the table are based upon the number of shares of Fold Common Stock issued and outstanding as of September30, 2024 (after giving effect to the redemption of 112,068shares of Emerald Class A Common Stock in connection with the Third Extension Meeting on December17, 2024), and are subject to the following additional assumptions: •the total shares of New Fold Common Stock to be issued to holders of Fold Common Stock will be 34,548,507 (including 500,000shares of New Fold Common Stock issuable upon exercise of the New Fold Series B Investor Warrants); •all outstanding Fold Preferred Stock and Fold