Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 208

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 208
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 after the date that is 90 days after the Closing; •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) (x) in the event that Emerald and Fold raise $50 million or more as of the Closing, one year following the Closing, and (y) in the event that Emerald and Fold raise less than $50 million as of the Closing, two years following the Closing, or (b) the first date that the stock price exceeds $15.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; and •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) ten years following the Closing or (b) the first date that the stock price exceeds $17.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing. In the event that Emerald and Fold raise less than $50.0 million from the date of the Merger Agreement through the second anniversary of the Closing, the Sponsors shall automatically forfeit, for no additional consideration, up to 1,000,000 subject founder shares, as described in the Sponsor Share Restriction Agreement. 113

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
AS OF SEPTEMBER 30, 2024

| Assets                                               
 Current assets:                                      |     | Emerald      
 (Historical) |             |   |     | Fold, Inc.   
 (Historical) |              |   |     | Pro Forma   
 Transaction 
 Adjustments 
 (Assuming   
 Minimum     
 Redemption) |              |   |     |    |     | Combined    
 Pro Forma   
 (Assuming   
 Minimum     
 Redemption) |              |   |
|:-----------------------------------------------------|:----|:-------------|------------:|:--|:----|:-------------|-------------:|:--|:----|:------------|-------------:|:--|:----|:---|:----|:------------|-------------:|:--|
| Cash and cash equivalents                            |     | $            |      20,439 |   |     | $            |    4,387,072 |   |     | $           |   50,761,419 |   |     | 2c |     | $           |   56,202