Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 816

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 816
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 or inaccurate deemed certification) by the Company that either (A) the Equity Conditions are satisfied, (B) there has been no Equity Conditions Failure, or (C) as to whether any Event of Default has occurred; (xvi)any breach or failure in any respect by the Company or any Subsidiary to comply with any provision of Section 14 of this Note; (xvii)any Material Adverse Event occurs; (xviii)immediately after the Business Combination Closing Date, the Successor Public Company (on a consolidated basis with its subsidiaries) shall (i) fail to satisfy the Business Combination Closing Date Minimum Liquidity Test and (ii) fail to have at least 950 Bitcoin on the balance sheet (excluding any encumbered Bitcoin); (xix)if concurrently with, or immediately following, the Business Combination Closing Date, the Successor Entity has failed to issue the Holder pursuant to the Business Combination Registration Statement, in exchange for the Initial Note (as defined in the Securities Purchase Agreement) and the Warrants issued to the Holder on the Initial Closing Date, a new senior secured convertible note (in accordance with Section 5(a) below) and new warrants to purchase common stock (in accordance with Section 4(b) of each such Warrants, as applicable) or the notification by the SEC to the Company (or its agents) that such registration thereof shall not be permitted to occur on the Business Combination Registration Statement. (xx)any provision of any Transaction Document (including, without limitation, the Security Documents and the Guaranties) shall at any time for any reason (other than pursuant to the express terms thereof) cease to be valid and binding on or enforceable against the parties thereto, or the validity or enforceability thereof shall be contested by any party thereto, or a proceeding shall be Annex I-10 commenced by the Company or any Subsidiary or any governmental authority having jurisdiction over any of them, seeking to establish the invalidity or unenforceability thereof, or the Company or any Subsidiary shall deny in writing that it has any liability or obligation purported to be created under any Transaction Document (including, without limitation, the Security Documents and the Guaranties); (xxi)any Security Document shall for any reason fail or cease to create a separate valid and perfected and, except to the extent permitted by the terms hereof or thereof, first priority Lien (as defined in the Securities Purchase Agreement) on the Collateral (as defined in the