Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 774

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 774
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, to EMLD of the consideration paid by EMLD to the equityholders of the Company pursuant to the Merger Agreement and the aggregate fair market value of the Company. We were not requested to opine as to, and the Opinions do not address, the basic business decision of the Board, EMLD, or its stockholders to proceed with or effect the Merger, or any solvency or fraudulent conveyance consideration relating to the Merger. We express no opinion as to the relative merits of the Merger as compared to any alternative business strategies or transactions that might exist for EMLD or any other party or the effect of any other transaction in which EMLD or any other party might engage. We express no opinion as to the amount, nature or fairness of any consideration or compensation to be received in or because of the Merger by securityholders, officers, directors, or employees of the Company, or any other class of such persons, or relative to or in comparison with the consideration to be paid by EMLD to the equityholders of the Company pursuant to the Merger Agreement. We have not been asked to consider, and the Opinions do not address, the solvency or viability of EMLD to pay its obligations when they come due. We are not rendering any financial, legal, accounting, or other advice and understand that EMLD is relying on its legal counsel and accounting advisors as to legal and accounting matters in connection with the Merger. Annex F-3

We have not been requested to, and did not, (i) participate in negotiations regarding the Merger Agreement , (ii) solicit any expressions of interest from any other parties regarding any business combination with EMLD or any other alternative transaction or (iii) advise the Board or any other party regarding alternatives to the Merger. In addition, we were not requested to and did not provide advice regarding the structure or any other aspect of the Merger, or to provide services other than the delivery of the Opinions. In the ordinary course of our business, we and our affiliates may actively trade securities of EMLD for our own account or the account of our customers and, accordingly, we may hold a long or short position in such securities. We may seek to be engaged for compensation in the future to perform investment banking services for EMLD or its founders, other parties to the Merger, or the Company and certain of its affiliates. We, as a customary part of our investment banking business, are continually