Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 295

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 295
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 required to attach a statement to their U.S. federal income tax returns for the year in which the Merger is consummated that contains the information listed in Treasury Regulation Section 1.368 -3(b). Such statement must include the holder’s tax basis in its Fold Common Stock surrendered in the Merger, the fair market value of such stock, the date of the Merger and the name and employer identification number of each of Fold and Emerald. Fold U.S. Holders should consult their tax advisors regarding the application of these rules. Backup Withholding and Information Reporting A Fold U.S. Holder may, under certain circumstances, be subject to information reporting and backup withholding on amounts received in the Merger, unless such holder properly establishes an exemption or provides its correct tax identification number and otherwise complies with the applicable requirements of the backup withholding rules. Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules may be refunded or credited against a payee’s U.S. federal income tax liability, if any, so long as such payee furnishes the required information to the IRS in a timely manner. 175 PROPOSAL NO. 2 — THE ORGANIZATIONAL DOCUMENTS PROPOSAL Overview As discussed in this proxy statement/prospectus, if the Business Combination Proposal is approved, then Emerald is asking its stockholders to approve the Organizational Documents Proposal. Under the Merger Agreement, the approval of the Organizational Documents Proposal is also a condition to the consummation of the Business Combination. If, however, the Organizational Documents Proposal is approved but the Business Combination Proposal is not approved, then the Business Combination will not be consummated. If the Organizational Documents Proposal is approved and the Business Combination is to be consummated, then the Proposed Charter and the Proposed Bylaws will be substantially in the form set forth on Annex Band Annex C, respectively, which, in the judgment of the Emerald Board, are necessary to adequately address the needs of New Fold following the Closing. The approval or lack thereof of any of the Advisory Organizational Documents Proposals will not affect the effectiveness of the Organizational Documents Proposals if approved by the requisite Emerald stockholders. All Emerald stockholders are encouraged to read the proposed organizational documents in their entirety for a more complete description of their terms. Reasons for the Amendments to Emerald’s Existing Charter Each of the Proposed Charter and the Proposed Bylaws was negotiated as part of the Business Combination. The Emerald Board’s specific reasons for each of the Advisory Organizational Documents Proposals