Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 292

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 292
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 are subject to special rules under U.S. federal income tax law, such as: •financial institutions or financial services entities; •broker -dealers; •taxpayers that are subject to the mark -to-marketaccounting rules with respect to securities; •tax -exemptentities; •governments or agencies or instrumentalities thereof; •insurance companies; •regulated investment companies or real estate investment trusts; •entities or arrangements treated as partnerships or other flow -throughentities for U.S. federal income tax purposes; •U.S. expatriates or former long -termresidents of the United States; •persons who are required to recognize income or gain with respect to the Merger no later than the time such income or gain is required to be reported on an applicable financial statement under Section 451(b) of the Code; •persons that actually or constructively own five percent or more (by vote or value) of the outstanding Fold Common Stock; •the Sponsor or its affiliates, officers or directors; •persons that acquired their Fold Common Stock in connection with employee share incentive plans or otherwise as compensation, including pursuant to an exercise of employee share options or upon the issuance or vesting of restricted stock or restricted stock unit awards; •persons that hold their Fold Common Stock as part of a straddle, constructive sale, hedging, wash sale, conversion or other integrated or similar transaction; •holders whose functional currency is not the U.S. dollar; or •persons that exercise appraisal rights in connection with the Merger. If any entity or arrangement treated as a partnership for U.S. federal income tax purposes holds Fold Common Stock, the tax treatment of such partnership and a person treated as a partner of such partnership will generally depend on the status of the partner and the activities of the partnership. Partnerships holding any Fold Common Stock and persons that are treated as partners of such partnerships should consult their tax advisors as to the particular U.S. federal income tax consequences to them of the Merger. This discussion is based on the Code, proposed, temporary, and final Treasury Regulations promulgated thereunder, and judicial and administrative interpretations thereof, all as of the date hereof. All of the foregoing is subject to change, which change could apply retroactively and could affect the tax consequences described herein. 173 Fold and Emerald have not sought, and do not intend to seek, any rulings from the IRS as to any U.S. federal income tax consequences described herein. There can be no assurance that the IRS will not take positions inconsistent