Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 566

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 566
---
          |     | $          | 11.50 |   |
| Public Warrant Price    |     | $          | 0.053 |   |

| Fair value as of December 31, 2023               |     |     |        — |   |
|:-------------------------------------------------|:----|:----|---------:|:--|
| Initial value                                    |     |     |  550,000 |   |
| Discount on promissory note, net of amortization |     |     | (111,499 | ) |
| Fair value as of September 30, 2024              |     |     |  438,501 |   |

There were no transfers between Levels1, 2 and 3 during the periods ended September 30, 2024 and December 31, 2023.

F-89 FTAC EMERALD ACQUISITION CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024
(Unaudited) NOTE 9. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date up to the date that the condensed financial statements were issued. Based upon this review, other than as set forth below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements. On October 25, 2024, the Company issued a promissory note (the “October Note”) to Frontier SPV, LLC (“Frontier”), an affiliate of FTAC Emerald’s sponsors. Pursuant to the October Note, Frontier agreed to loan the Company up to an aggregate principal amount of $ 2,000,000. The October Note is non -interestbearing and all outstanding amounts under the October Note will be due on the date on which the Company consummates a Business Combination. If the Company does not consummate a Business Combination, the Company may use a portion of any funds held outside the Trust Account to repay the October Note; however, no proceeds from the Trust Account may be used for such repayment. If such funds are insufficient to repay the October Note, the unpaid amounts would be forgiven. No portion of the amounts outstanding under the October Note may be converted into units or shares. On October 25, 2024, the Company borrowed $ 65,000under the October Note. On October 31, 2024, the Company issued a promissory note (the “Tax Note”)