Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 54

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 54
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/prospectus as Annex J. 24 The proceeds from the December 2024 Initial Investor Note will be used to support Fold’s growth initiatives and accelerate product development. Any proceeds from the Additional Investor Note are expected to provide additional capital flexibility to New Fold following the closing of the Business Combination. The Business Combination The Merger Agreement For more information about the Merger Agreement and the Business Combination and other transactions contemplated thereby, see the sections entitled “Proposal No. 1 — The Business Combination Proposal” and “The Merger Agreement.” A copy of the Merger Agreement is attached to this proxy statement / prospectus as Annex A. On July 24, 2024, Emerald, Merger Sub and Fold entered into the Merger Agreement, pursuant to which, among other things, Merger Sub will be merged with and into Fold, with Fold surviving the Merger as a wholly owned subsidiary of Emerald. The Merger Agreement contains customary representations and warranties, covenants, closing conditions, and termination provisions. The Merger will be consummated by the filing of a certificate of merger with the Secretary of State of the State of Delaware and will be effective immediately upon such filing or upon such later time as may be agreed by the parties and specified in such certificate of merger. The parties will hold the Closing on the date which is two business days after the first date on which all conditions set forth in the Merger Agreement are satisfied or, to the extent legally permissible, waived (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or, to the extent legally permissible, waiver of those conditions at such time), or on such other date, time or place as Emerald and Fold may mutually agree. Treatment of Fold’s Securities Fold Common Stock.At the Effective Time, Fold Common Stock will be converted into New Fold Common Stock. Fold RSU Awards.At the Effective Time, each outstanding Fold RSU Award will be converted into an award of restricted stock units covering New Fold Common Stock in accordance with the terms of the Merger Agreement. Fold Preferred Stock.Immediately prior to the Effective Time, Fold Preferred Stock will be converted into Fold Common Stock. December 2024 Initial Investor Note.At the Effective Time, the December 2024 Initial Investor Note will be exchanged for the New Fold Initial Investor Note, which shall have the same terms as the December 2024 Initial Investor Note. December 2024 Investor Warrants.At the Effective Time, the outstanding December 2024 Investor Warrants will be exchanged