Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 437

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 437
---
 shorter period that the issuer was required to file such reports and materials), other than Form 8 -Kreports; and •at least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC, which is expected to be filed promptly after completion of the Business Combination, reflecting its status as an entity that is not a shell company. As of the date of this proxy statement/prospectus, there were 4,645,816 Public Shares outstanding. All of these shares are freely tradable without restriction or further registration under the Securities Act, except for any shares held by one of our affiliates within the meaning of Rule 144 under the Securities Act. As of the date of this proxy statement/prospectus, there were a total of 12,922,712 Emerald Warrants outstanding, consisting of 12,434,671 Public Warrants and 488,041 Private Placement Warrants. Each warrant is exercisable for one share of Emerald Class A Common Stock (or one share of New Fold Common Stock post -BusinessCombination), in accordance with the terms of the Emerald Warrant Agreement. The Public Warrants are freely tradable, except for any warrants held by one of our affiliates within the meaning of Rule 144 under the Securities Act. The Private Placement Warrants will be forfeited at Closing. In addition, New Fold will be obligated to file no later than twenty (20) business days after the Closing a registration statement under the Securities Act covering the shares of New Fold Common Stock that may be issued upon the exercise of the Emerald Warrants post -BusinessCombination and use best efforts to cause such registration statement to become effective and maintain the effectiveness of such registration statement until the expiration of the Public Warrants. Rule 701 In general, under Rule 701 of the Securities Act as currently in effect, each of Fold’s employees, consultants or advisors who purchases equity shares from Fold in connection with a compensatory stock plan or other written agreement executed prior to the completion of the Business Combination is eligible to resell those equity shares in reliance on Rule 144, but without compliance with some of the restrictions, including the holding period, contained in Rule 144. However, the Rule 701 shares would remain subject to lock -uparrangements and would only become eligible for sale when the lock -upperiod expires. 273

COMPARISON OF CORPORATE GOVERNANCE AND STOCKHOLDERS’ RIGHTS Set forth below is a summary comparison of important similarities and differences in the corporate governance