Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 168

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 168
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 of such Class A Common Stock under Section 302 of the Code, which will depend largely on the total number of shares of Class A Common Stock treated as held by the shareholder electing to redeem its Class A Common Stock (including any stock constructively owned by the holder including as a result of owning private placement warrants or public warrants and any of our stock that a holder would directly or indirectly acquire pursuant to the Merger) relative to all of our shares of Class A Common Stock outstanding before and after the redemption. If such redemption is not treated as a sale of Class A Common Stock for U.S. federal income tax purposes, the redemption will instead be treated as a corporate distribution. For more information about the material U.S. federal income tax treatment of the redemption rights of holders of Emerald Public Shares, see “ Material U.S. Federal Income Tax Considerations of Holders of New Fold Common Stock and Emerald Class A Common Stock — U.S. Holders — U.S. Federal Income Tax Considerations of Ownership and Disposition of New Fold Common Stock; Redemption of Emerald Public” and “— Non -U .S. Holders — U.S. Federal Income Tax Considerations of Ownership and Disposition of New Fold Common Stock; Redemption of Emerald Public.”The considerations of a redemption to any particular stockholder will depend on that stockholder’s particular facts and circumstances. Accordingly, you are urged to consult your tax advisor to determine your tax consequences from the exercise of your redemption rights, including the applicability and effect of U.S. federal, state, local and non -U.S. income and other tax laws in light of your particular circumstances. Emerald’s management has concluded that there is substantial doubt about its ability to continue as a “going concern.” Emerald has until December 20, 2025 to consummate a business combination. If a business combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution. Emerald had a working capital deficit of $6,246,983 as of September 30, 2024 and expects to incur significant expenses related to the consummation of the Business Combination. Management has determined that the liquidity condition and mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about Emerald’s ability to continue as a going concern. The financial statements contained elsewhere in this Registration Statement do not contain any adjustments that might result should Emerald be required to liquidate after December 20, 2025. Risks Related to the Business Combination and New