Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 524

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 524
---
 the consummation of a Business Combination. Holders of Class A common stock and Class B common stock will vote together as a single class on all other matters submitted to a vote of stockholders except as required by law. Following the Meeting on September 19, 2023, the Sponsor determined to convert all of the outstanding shares of Class B common stock to shares of Class A common stock on a one -for-onebasis. As of December 31, 2023 and 2022, there were noshares and 8,615,141shares of Class B common stock issued and outstanding, respectively, of which 1,133,333shares were subject to forfeiture as of December 31, 2021 to the extent that the underwriter’s over -allotmentoption was not exercised in full so that the Founder Shares will represent, on an as -convertedbasis, 25% of the Company’s issued and outstanding shares after the Public Offering. The underwriter subsequently provided notice of its election to partially exercise its over -allotmentoption, and the closing of the sale of the additional Units occurred on January 14, 2022. As a result of the underwriter exercising its over -allotmentoption in part, the Company’s initial holders forfeited 148,192Founder Shares. Warrants As of both December 31, 2023 and 2022, there were 12,434,671Public Warrants and 488,041Private Placement Warrants issued and outstanding. Each whole warrant entitles the holder to purchase one share of the Company’s Class A common stock at a price of $ 11.50per share, subject to adjustment as described herein, at any time commencing 30 days after the completion of the initial Business Combination. In addition, if (x) the Company issues additional shares of Class A common stock or equity -linkedsecurities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per share (with such issue price or effective issue price to be determined in good faith by the Company and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the initial stockholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest there