Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 306

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 306
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, New Fold expects that the Non -Section423 Component generally will be operated and administered on terms and conditions similar to the Section 423 Component. Administration. The Compensation Committee of the New Fold Board, or any other committee to whom the New Fold Board delegates such power or authority, will serve as the administrator of the ESPP. The plan administrator may delegate administrative tasks under the ESPP to agents or employees to assist in the administration of the ESPP. Subject to the terms and conditions of the ESPP, the plan administrator has the authority to determine when rights to purchase shares will be offered and the provisions of each offering under the ESPP, to determine which subsidiaries will participate as “designated subsidiaries” in the ESPP (including in the Non -Section423 and the Section 423 Components), and to make all other determinations and to take all other actions necessary or advisable for the administration of the ESPP. The plan administrator is also authorized to establish, amend or revoke rules relating to administration of the ESPP and to adopt annexes or sub -plansthat apply to certain participating subsidiaries or jurisdictions. Share Reserve. The aggregate number of shares of New Fold Common Stock that may be issued pursuant to rights granted under the ESPP will equal 2% of the number of shares of New Fold Common Stock outstanding as of the Closing. In addition, on the first day of each fiscal year beginning on January 1, 2026 and ending on (and including) January 1, 2035, the number of shares available for issuance under the ESPP will be increased by a number of shares equal to the lesser of (i) 1% of the outstanding shares of New Fold Common Stock on the final day of the immediately preceding calendar year, and (ii) such smaller number of shares as determined by the New Fold Board. If any right granted under the ESPP terminates for any reason without having been exercised, the shares subject thereto that are not purchased under such right will again be available for issuance under the ESPP. Notwithstanding the foregoing, the maximum number of shares of New Fold Common Stock may be issued under the Section 423 Component of the ESPP will be equal to 250% of the initial number of shares reserved for issuance under the ESPP. 186 Eligible Employees. Employees who are employed by New Fold or one of its designated subsidiaries on the first trading day of the offering period, or the enrollment date, are generally eligible to participate in the ESPP for a given offering. However, an employee