Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 46

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 46
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 (A) the aggregate amount then on deposit in the Trust Account, including interest not previously released to Emerald to pay its taxes (less up to $100,000 of such net interest to pay dissolution expenses), by (B) the total number of then outstanding Public Shares, which redemption will completely extinguish the Public Stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Emerald Board in accordance with applicable law, dissolve and liquidate, subject (in the case of (ii) and (iii) above) to Emerald’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. There will be no redemption rights or liquidating distributions with respect to the Emerald Warrants, which will expire worthless if Emerald fails to complete a business combination by the Extension Deadline. See the sections entitled “ Risk Factors — Emerald may not be able to consummate an initial business combination within the required time period, in which case it would cease all operations except for the purpose of winding up and it would redeem the Public Shares and liquidate, in which case the Public Stockholders may only receive $10.10 per

17 share, or less than such amount in certain circumstances, and the Public Warrants will expire worthless” and “Risk Factors — Emerald stockholders may be held liable for claims by third parties against Emerald to the extent of distributions received by them upon redemption of their shares.”The Sponsor and Emerald’s officers and directors have agreed to waive any right to any liquidation distribution with respect to the Emerald Class A Common Stock. Q.When is the Business Combination expected to be completed? A.It is currently anticipated that the Business Combination will be consummated promptly following the special meeting, provided that all other conditions to the consummation of the Business Combination have been satisfied or waived. For a description of the conditions to the completion of the Business Combination, see the section entitled “ The Merger Agreement — Conditions to Closing of the Merger Agreement.” Q.Are there risks of going public through the Business Combination rather than a traditional underwritten initial public offering? A.Yes. Emerald intends to apply to list the New Fold Stock and warrants on Nasdaq, but the Business Combination is different from a traditional underwritten initial public offering. Among other things, there is no independent third -partyunderwriter selling the shares of New Fold Common Stock, and, accordingly,