Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 123

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 123
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 treated as Fold issuing equity for the net assets of Emerald, with no goodwill or intangible assets recorded. The following summarizes the pro forma New Fold Common Shares outstanding following the completion of the Business Combination:

|                                                                  |     | Combined Pro Forma |     |     |   |
|                                                                  |     |             Shares |     |   % |   |
| Emerald Public Shareholders(1)                                   |     |          1,341,633 |     |   3 | % |
| Sponsor Held Emerald Public Shares Not Subject to Restriction(2) |     |          4,723,581 |     |  10 | % |
| Sponsor Held Emerald Restricted Shares                           |     |          4,867,641 |     |  11 | % |
| Total Sponsor Held Emerald Shares                                |     |          9,591,222 |     |  21 | % |
| Total Emerald Shares                                             |     |         10,932,855 |     |  24 | % |
| Fold Shares(3)                                                   |     |         35,206,021 |     |  76 | % |
| Total Shares at Closing                                          |     |         46,138,876 |     | 100 | % |

____________ (1)Reflects aggregate redemptions of 3.3 million Class A common shares for $36.6 million that occurred on February 14, 2025. (2)Includes approximately 3.8 million shares assigned to unaffiliated third parties in exchange for executed non -redemptionand similar agreements. (3)Includes the exercise of 0.5 million Series B Warrant Shares for a nominal exercise price of $0.001 per share.

70 The unaudited pro forma adjustments are based on information currently available, and assumptions and estimates underlying the unaudited pro forma adjustments are described in the accompanying notes. Actual results may differ materially from the assumptions used to present the accompanying unaudited pro forma condensed combined financial information. The unaudited pro forma condensed combined financial statements have been prepared for illustrative purposes only and are not necessarily indicative of what the actual results of operations and financial position would have been had the Business Combination and related transactions taken place on the dates indicated, nor do they purport to project the future consolidated results of operations or financial position of the combined company. They should be read in conjunction with the audited financial statements and notes thereto of each of Emerald and Fold as of and for the year ended