Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 40

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 40
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 certificates from the transfer agent. However, because Emerald does not have any control over this process or over the brokers or DTC, it may take significantly longer than one week to obtain a physical stock certificate. If it takes longer than anticipated to obtain a physical certificate, stockholders who wish to redeem their shares may be unable to obtain physical certificates by the deadline for exercising their redemption rights and thus will be unable to redeem their shares. Any demand for redemption, once made, may be withdrawn at any time until the deadline for exercising redemption requests and thereafter, with Emerald’s consent, until the vote is taken with respect to the Business Combination. If you delivered your shares for redemption to Emerald’s transfer agent and decide within the required timeframe not to exercise your redemption rights, you may request that Emerald’s transfer agent return the shares (physically or electronically). You may make such request by contacting Emerald’s transfer agent at the phone number or address listed under the question “ Who can help answer my questions?” below. Q.What are the U.S. federal income tax consequences of exercising my redemption rights? A.We expect that a U.S. Holder (as defined in “ Material U.S. Federal Income Tax Considerations of Holders of New Fold Common Stock and Emerald Class A Common Stock”) that exercises its redemption rights to receive cash from the Trust Account in exchange for its shares of Class A Common Stock will generally be treated as selling such shares of Class A Common Stock resulting in the recognition of capital gain or capital loss. There may be certain circumstances in which the redemption may be treated as a distribution for U.S. federal income tax purposes depending on the amount of shares of Class A Common Stock that such U.S. Holder owns (or is deemed to own), prior to and following the redemption. For a more detailed discussion of the U.S. federal income tax considerations of an exercise of redemption rights, see “ Material U.S. Federal Income Tax Considerations of Holders of New Fold Common Stock and Emerald Class A Common Stock — U.S. Federal Income Tax Considerations of Ownership and Disposition of New Fold Common Stock; Redemption of Emerald Public Shares.” Q.What are the U.S. federal income tax consequences of the Merger? A.Emerald and Fold intend the Merger to qualify as a “reorganization” within the meaning of Section 368(a) of the Code. If the Merger does qualify as a reorganization, the Fold U.S. Holders (as defined in “Material U.S. Federal Income Tax Consequences of the Merger to