Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 267

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 267
---
20% of the increase in value of the amount of Bitcoin in Fold’s treasury as of July 24, 2024, up to a maximum of $ 54.75million. There are no other adjustments to the consideration amount contemplated in the Merger Agreement. For a description of the Business Combination and certain agreements executed in connection therewith, see the Current Report on Form 8-K filed by the Company on July 24, 2024 and February 14, 2025. NOTE 7. STOCKHOLDERS’ DEFICIT Preferred Stock The Company is authorized to issue 1,000,000shares of preferred stock with a par value of $ 0.0001per share. As of December 31, 2024 and 2023, there were noshares of preferred stock issued or outstanding. Class A Common Stock The Company is authorized to issue 42,000,000shares of Class A common stock with a par value of $ 0.0001per share. Holders of Class A common stock are entitled to one vote for each share. Following the Meeting on September 19, 2023, the Sponsor determined to convert all the outstanding shares of Class B common stock into shares of Class A common stock on a one-for-one basis (the “Class B Conversion”). Notwithstanding the Class B Conversion, the Sponsor, as well as the Company’s officers and directors, will not be entitled to receive any funds held in the Trust Account with respect to any shares of Class A common stock issued to such holders as a result of the Class B Conversion, and no additional amounts will be deposited into the Trust Account in respect of shares of Class A common stock held by the Sponsor. As of December 31, 2024 and 2023, there were 14,237,038and 25,221,372shares of Class A common stock issued and outstanding, respectively, of which 4,645,816shares and 15,630,150shares are subject to possible redemption, respectively, and thus classified as temporary equity. F-47 FOLD HOLDINGS, INC. (F/K/A FTAC EMERALD ACQUISITION CORP.) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2024 Class B Common Stock The Company is authorized to issue 10,000,000shares of Class B common stock with a par value of $ 0.0001per share. Holders of the Class B common stock are