Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 60

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 60
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 have delivered a counterpart of each of the Transaction Documents to which it is a party. The obligations of Fold to consummate the Business Combination are further conditioned upon, among other things, (i) certain fundamental representations and warranties of Emerald and Merger Sub that are qualified by materiality or material adverse effect standards shall be true and correct in all respects and that are not qualified by materiality, material adverse effect or other similar qualifier shall be true and correct in all material respects as of the Closing Date, except for the fundamental representations made as of an earlier date or time, which need be true and correct only as of such earlier date or time, (ii) certain other representations of Emerald and Merger Sub shall be true and correct on the Closing Date (except to the extent that any such representation and warranty expressly speaks as of a particular date or period of time, in which case such representation and warranty shall be true and correct as of such particular date or period of time) except for any failure of any such representation and warranty to be so true and correct (without giving effect to any materiality, material adverse effect or other similar qualifier contained therein) that would not, individually or in the aggregate, reasonably be expected to have a material adverse effect or prevent, materially delay or materially impair the ability of Emerald or Merger Sub to consummate the Business Combination, provided that for this condition, Emerald and Merger Sub will only be deemed as not to have been performed if Emerald or Merger Sub, as applicable has failed to cure within twenty days after written notice of a breach thereof by Fold or if earlier, January 24, 2026, provided further, that Emerald’s failure to have the Emerald Common Stock listed on Nasdaq after December 20, 2024 shall not serve as a limitation to Fold’s obligation to consummate the Merger, (iii) Emerald and Merger Sub shall have performed in all material respects all obligations required to be performed by them under the Merger Agreement at or prior to the Closing Date, provided that Emerald’s failure to have the Emerald Common Stock listed on Nasdaq after December 20, 2024 shall not serve as a limitation to Fold’s obligation to consummate the Merger, (iv) Fold shall have received a certificate attesting to the satisfaction of the foregoing conditions, (v) certain specified directors and executive officers of Emerald shall have been removed from their respective positions or tendered their irrevocable resignations, in each case effective as of the Effective Time, (vi) the shares