Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 441

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 441
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 therein. (4)Represents shares of Fold Common Stock and Fold RSUs. (5)Represents Fold RSUs. The following table sets forth information regarding the expected fully diluted beneficial ownership of shares of New Fold Common Stock following the closing of the Business Combination, by: •each person who is expected to be the beneficial owner of more than 5% of the outstanding shares of New Fold Common Stock following the closing; •each of New Fold’s executive officers and directors; and •all executive officers and directors of New Fold as a group following the closing. Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable, exercisable within 60 days, or exercisable as a result of the Business Combination. The expected beneficial ownership of shares of New Fold Common Stock immediately following the Business Combination is based on three scenarios: •a “minimum additional redemptions” scenario where (i) no Public Stockholders exercise their redemption rights (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 (ii) there are 48,785,545shares of New Fold Common Stock outstanding;

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•a “25% redemptions” scenario where (i) 1.2 million Public Shares are redeemed for an aggregate redemption payment of approximately $13.1 million and (ii) there are 47,596,074shares of New Fold Common Stock outstanding; and •a “maximum redemptions” scenario where (i) 3.6 million Public Shares are redeemed for an aggregate redemption payment of approximately $39.4 million, (this maximum redemption scenario reflects the maximum number of Emerald Public Shares that can be redeemed without violating the conditions of the Merger Agreement that Emerald cannot redeem Public Shares if it would result in Emerald having a minimum net tangible asset value of less than $5,000,001, after giving effect to the payments to redeeming stockholders) and (ii) there are 45,211,237shares of New Fold Common Stock outstanding. Unless otherwise indicated, Fold and Emerald believe that all persons named in the table below have sole voting and investment power with respect to the voting securities beneficially owned by them.

|                                                                        |     |           Assuming 
 Minimum Redemption |     |            |