Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 265

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 265
---
, changes, state of facts, conditions, circumstances or occurrences constituting, resulting or arising from the matters described in clauses (A), (B), (D), and (F) may be taken into account in determining whether a “Material Adverse Effect” has occurred to the extent it has a materially disproportionate and adverse effect on the business, assets, results of operations and condition (financial or otherwise) of Fold and its Subsidiaries, taken as a whole, relative to similarly situated companies in the industry in which Fold and its Subsidiaries conduct their respective operations. 154 No Survival None of the representations, warranties, covenants, obligations or other agreements in the Merger Agreement or in any certificate, statement or instrument delivered pursuant to the Merger Agreement, including any rights arising out of any breach of such representations, warranties, covenants, obligations, agreements and other provisions, will survive the Closing, and all such representations, warranties, covenants, obligations or other agreements will terminate and expire upon the occurrence of the Effective Time (and there shall be no liability after the Closing in respect thereof), except for: (i) Articles I, X and XI thereof and Sections 3.25, 4.21, 6.3 and 7.9(a) thereof; (ii) the confidentiality agreement entered into between Fold and Emerald on June 20, 2024; (iii) those covenants and agreements that by their terms are to be performed or complied with, in whole or in part, after the Effective Time; and (iv) the definitions of any related defined terms used in the provisions or agreements described in the foregoing clauses (i) through (iii). Closing The Closing is expected to occur electronically through the exchange of documents and electronic signatures, on the date which is three business days after the satisfaction or, if permissible, waiver of all of the conditions to closing in the Merger Agreement (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions at the Closing), or such other time and place as Emerald and Fold may mutually agree in writing. The Closing will occur after the consummation of the Fold Security Conversion. Upon the Closing, Emerald will be renamed “Fold Holdings, Inc.” or such other name as Emerald and Fold may agree. Additional Agreements This subsection describes certain additional agreements entered into or to be entered into pursuant to the Merger Agreement, but does not purport to describe all of