Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 299

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 299
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OLDERS VOTE
“FOR” THE APPROVAL OF THE ADVISORY ORGANIZATIONAL DOCUMENTS PROPOSALS. 179 PROPOSAL NO. 4 — THE ELECTION OF DIRECTORS PROPOSAL Overview Pursuant to the Proposed Charter, the New Fold Board will be divided into three classes, Class I, Class II and Class III, with only one class of directors being elected in each year and each class serving a three -yearterm. The Proposed Charter provides that the authorized number of directors will be fixed exclusively by resolutions adopted by a majority of the New Fold Board. Pursuant to the Merger Agreement, immediately following the Closing, the New Fold Board will consist of seven members. Emerald’s stockholders are being asked to consider and vote upon the Election of Directors Proposal to elect Mr.Young and Mr.Hohns to serve as the Class I Directors, Dr. Kirkwood and Mr.Reeves to serve as the Class II Directors and Mr.Simha, Ms. Hill and Ms. Goldwasser to serve as the Class III Directors, in each case, effective immediately after the Effective Time, with each Class I director having a term that expires at our first annual meeting of stockholders after the completion of the Business Combination, each Class II director having a term that expires at our second annual meeting of stockholders after the completion of the Business Combination and each Class III director having a term that expires at our third annual meeting of stockholders after the completion of the Business Combination, or, in each case, when his or her respective successor is duly elected and qualified, or upon his or her earlier death, resignation, retirement or removal. Information regarding each nominee is set forth in the section entitled “ Directors and Executive Officers After the Business Combination.” Vote Required for Approval The Election of Directors Proposal is conditioned on the approval of the Business Combination Proposal, the Organizational Documents Proposal and the Nasdaq Proposal at the special meeting. If a quorum is present, directors are elected by a plurality of the votes cast, present in person online or by proxy at the special meeting. This means that the seven nominees will be elected if they receive more affirmative votes than any other nominee for the same position. Votes marked “FOR” a nominee will be counted in favor of that nominee. Proxies will have full discretion to cast votes for other persons in the event any nominee is unable to serve. Failure to vote by proxy or to vote in person online at the special meeting and broker non -voteswill have no effect on the vote since