Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 275

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 275
---
 a certificate certifying that the foregoing conditions have been satisfied; •certain specified directors and executive officers of Emerald shall have been removed from their respective positions or tendered their irrevocable resignations, in each case effective as of the Effective Time; •the shares of Emerald Common Stock issuable to the holders of shares of Fold Common Stock pursuant to the Merger Agreement shall have been authorized for listing on Nasdaq upon official notice of issuance; and •Emerald shall have delivered a counterpart of each of the Transaction Documents to which it or Merger Sub is a party to Fold. Non-Solicitation Restrictions; Duty to Recommend Each of Emerald and Fold has agreed that from the date of the Merger Agreement to the Effective Time or, if earlier, the valid termination of the Merger Agreement in accordance with its terms, it will not initiate any negotiations with any party, or provide non -publicinformation or data concerning it or its subsidiaries to any party relating to an Acquisition Proposal, Alternative Transaction or Business Combination Proposal (as such terms are defined in the Merger Agreement), or enter into any agreement relating to such a proposal. Each of Emerald and Fold has also agreed to use its reasonable best efforts to prevent any of its representatives from doing the same. Emerald also agreed to recommend in this proxy statement/prospectus that stockholders approve the Merger and the other proposals being presented at the special meeting. Termination The Merger Agreement may be terminated at any time prior to the Effective Time as follows: •by mutual written consent of Emerald and Fold; •by either Emerald or Fold if the transactions are not consummated on or before January24, 2026, provided that the failure to consummate the transaction by that date is not due to a material breach by the party seeking to terminate and which such breach is the proximate cause for the conditions to close not being satisfied; •by either Emerald or Fold if a governmental entity that has jurisdiction over the parties with respect to the Business Combination shall have issued a law or final, non -appealablegovernmental order, rule or regulation permanently enjoining or prohibiting the consummation of the Merger, provided that, the party seeking to terminate cannot have breached its obligations under the Merger Agreement in any manner that has proximately contributed to the governmental action; 161 •by either Emerald or Fold if the other party has breached its representations, warranties, covenants or agreements in the Merger Agreement such that the conditions to closing cannot be satisfied and such breach cannot be cured by January