Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 256

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 256
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 its shares of our Emerald Class A Common Stock for cash and will no longer own shares of Emerald. Such a holder will be entitled to receive cash for its Public Shares only if it properly demands redemption and delivers its shares (either physically or electronically) to our transfer agent in accordance with the procedures described herein. Each redemption of Public Shares by our Public Stockholders will decrease the amount in our Trust Account. See the section entitled “ Special Meeting of Emerald Stockholders — Redemption Rights” for the procedures to be followed if you wish to redeem your Public Shares for cash. Appraisal Rights There are no appraisal rights available to holders of shares of Emerald Common Stock or Emerald Warrants in connection with the Business Combination under the DGCL. Ownership of New Fold After the Closing As of September 30, 2024, there were 14,349,106shares of Emerald Class A Common Stock issued and outstanding. There were also outstanding an aggregate of 12,922,712 warrants, which includes 488,041 Private Placement Warrants and 12,434,671 Public Warrants. Each warrant entitles the holder thereof to purchase one share of Emerald Class A Common Stock and, following the Business Combination, will entitle the holder thereof to purchase one share of New Fold Common Stock. Pursuant to the Sponsor Share Restriction Agreement, all Private Placement Warrants will be forfeited at Closing. Under the “minimum redemptions” scenario, upon completion of the Business Combination, Emerald’s public stockholders would retain an ownership interest of approximately 9.6% in New Fold, the Sponsor and its affiliates and certain current and former directors, will retain an ownership interest of approximately 13.0% of New Fold, Fold stockholders will own approximately 70.5% of New Fold and Polar and the parties to the Non -RedemptionAgreements will own approximately 6.8% of New Fold. 150 Under the “25% redemptions” scenario, upon completion of the Business Combination, Emerald’s Public Stockholders would retain an ownership interest of approximately 7.3% in New Fold, the Sponsor and its affiliates and certain current and former directors, as the sole holders of Founder Shares, will retain an ownership interest of approximately 13.3% of New Fold, Fold stockholders will own approximately 72.3% of New Fold and Polar and the parties to the Non -RedemptionAgreements will own approximately 7.0% of New Fold. Under the “maximum redemptions” scenario, upon completion of