Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 185

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 185
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 on revenues or expenses. The pro forma financial information included in the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” has been derived from Emerald’s and Fold’s historical financial statements and certain adjustments and assumptions have been made regarding Fold after giving effect to the Business Combination. There may be differences between preliminary estimates in the pro forma financial information and the final acquisition accounting, which could result in material differences from the pro forma information presented in this proxy statement/prospectus in respect of the estimated financial position and results of operations of New Fold. In addition, the assumptions used in preparing the pro forma financial information may not prove to be accurate and other factors may affect Fold’s financial condition or results of operations following the Closing. Any potential decline in Fold’s financial condition or results of operations may cause significant variations in the stock price of New Fold. Our Sponsor, officers and directors have agreed to vote in favor of the Business Combination, regardless of how the Public Stockholders vote. Our Sponsor, officers and directors have agreed to vote any shares of Emerald Common Stock owned by them in favor of the Business Combination, including their shares of Emerald Class A Common Stock and any Public Shares purchased after our IPO (including in open market and privately negotiated transactions). As of the Record Date, our Sponsor, and certain current and former officers and directors beneficially own an aggregate of approximately 67.4% of the outstanding shares of Emerald Common Stock. Accordingly, it is more likely that the necessary stockholder approval will be received than would be the case if such persons agreed to vote their shares of Emerald Common Stock in accordance with the majority of the votes cast by the Public Stockholders. Emerald may not be able to consummate an initial business combination within the required time period, in which case it would cease all operations except for the purpose of winding up and it would redeem the Public Shares and liquidate, in which case the Public Stockholders may only receive $10.10 per share, or less than such amount in certain circumstances, and the Public Warrants will expire worthless. The Existing Charter provides that Emerald must complete an initial business combination by the Extension Deadline. Emerald may not be able to complete an initial business combination by such date. If Emerald has not consummated the initial business combination prior to the Extension Deadline, it will: (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, subject to lawfully available funds therefor, redeem 100% of the