Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 385

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 385
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2021 and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target businesses. Emerald is an emerging growth company and, as such, is subject to all of the risks associated with emerging growth companies. On December 20, 2021, we completed the IPO of 28,693,342 units, including 2,869,342 units from the partial exercise of the overallotment option by the underwriters, at $10.00 per unit (the “Units”). Each Unit consists of one Emerald Class A Common Stock and one -halfof one Public Warrant. Each whole warrant entitles the holder to purchase one Class A common stock at a price of $11.50 per share. Simultaneously with the consummation of the IPO, we consummated the private placement of 976,081 Private Placement Units to Sponsor at a price of $10.00 per unit, generating $9,760,810 in additional proceeds. Holders of Emerald Class A Common Stock elected to redeem 9,239,192, 10,872,266 and 112,068 shares of Emerald Class A Common Stock in connection with the First Extension Meeting, Second Extension Meeting and Third Extension Meeting, respectively. Upon completion of such redemptions and after the conversion of shares of Emerald Class B Common Stock to shares of Emerald Class A Common Stock, 14,237,038 shares of Emerald Class A Common Stock remained issued and outstanding as of the Record Date. In conjunction with the above redemptions, the stockholders also voted on extending the original liquidation date from September 20, 2023 to December 20, 2025 (“Extension Deadline”). The Sponsor also converted their 8,615,141 Founder Shares to shares of Emerald Class A Common Stock on a one -for-onebasis (the “Exchange”). The 8,615,141 shares of Emerald Class A Common Stock issued in connection with the Exchange are subject to the same restrictions as applied to Emerald Class B Common Stock before the Exchange, including, among other things, certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor of an initial business combination as described in the prospectus for the IPO. If we are unable to complete the Business Combination by the Extension Deadline, we will: (i) cease all operations except for the purpose of winding up, (ii) redeem the Public Shares, at a per -shareprice