Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 191

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 191
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 are required prior to the vote on the Business Combination Proposal. Emerald’s ability to successfully effect the Business Combination and New Fold’s ability to successfully operate the business thereafter will be largely dependent upon the efforts of certain key personnel of Fold, all of whom Emerald expects to stay with New Fold following the Closing. The loss of such key personnel could negatively impact the operations and financial results of the combined business. Emerald’s ability to successfully effect the Business Combination and New Fold’s ability to successfully operate the business following the Closing is dependent upon the efforts of certain key personnel of Fold. Although Emerald expects key personnel to remain with New Fold following the Business Combination, there can be no assurance that they will do so. It is possible that Fold or New Fold will lose some key personnel, the loss of which could negatively impact the operations and profitability of New Fold. Furthermore, following the Closing, certain of the key personnel of Fold who will become the management of New Fold may be unfamiliar with the requirements of operating a company regulated by the SEC, which could cause New Fold to have to expend time and resources helping them become familiar with such requirements. 102 Public Stockholders will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. To liquidate their investment, therefore, Public Stockholders may be forced to sell their Public Shares or Public Warrants, potentially at a loss. Public Stockholders will be entitled to receive funds from the Trust Account only upon the earliest to occur of: (i) Emerald’s completion of an initial business combination, and then only in connection with those shares of Emerald Class A Common Stock that such Public Stockholder properly elected to redeem, subject to the limitations described herein, (ii) the redemption of any Public Shares properly submitted in connection with a stockholder vote to amend the Existing Charter (A) to modify the substance or timing of Emerald’s obligation to redeem 100% of the Public Shares if Emerald does not complete an initial business combination by the Extension Deadline or (B) with respect to any other material provisions of the Existing Charter relating to stockholders’ rights or pre -initialbusiness combination activity and (iii) the redemption of the Public Shares if Emerald is unable to complete an initial business combination by the Extension Deadline, subject to applicable law and as further described herein. In no other circumstances will a Public Stockholder have any right or interest of any kind in the Trust Account. Holders of Public Warrants will not have any right to the proceeds held in the Trust Account with respect to the Public Warrants.