Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 395

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 395
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issory note (the “Tax Note”) to Frontier. Pursuant to the Tax Note, Frontier agreed to loan Emerald an aggregate principal amount of $973,116.44, which was used to satisfy Emerald’s excise tax liability. The Tax Note is non -interestbearing and payable upon the consummation of the initial business combination. No portion of the amounts outstanding under the Tax Note may be converted into units or shares. On October31, 2024, Emerald borrowed the full amount under the Tax Note. Registration Rights Pursuant to a registration rights agreement entered into on December 15, 2021, the holders of the founder shares, Private Placement Units (including any securities contained therein) are entitled to registration rights to require Emerald to register a sale of any of its securities held by them. The holders of these securities are entitled to make up to three demands, excluding short form demands, that Emerald register such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed by Emerald and rights to require Emerald to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that Emerald will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock -upperiod. Emerald will bear the expenses incurred in connection with the filing of any such registration statements. Administrative Services Commencing on December 16, 2021, Emerald pays an amount equal to $30,000 per month to the Sponsor or its designee for office space, administrative and shared personnel support services provided to us. Upon completion of a business combination or Emerald’s liquidation, it will cease paying these monthly fees. 251 Financial Advisory Fee Emerald engaged Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“CCM”), to provide financial advisory services in connection with the IPO. J.V.B. Financial Group, LLC is a broker dealer subsidiary of Cohen & Company Inc. (of which Emerald’s Chairman’s son is also Chairman of the Board and a controlling stockholder). Emerald paid CCM a fee in an amount equal to 0.3% of the aggregate proceeds of the IPO (excluding the proceeds of the exercise of the overallotment option) net of underwriter’s expenses, upon the closing of the IPO. Emerald also engaged CCM to act as an advisor in connection with the Business Combination for which it will earn an advisory fee of 0.525% of the proceeds of the