Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 263

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 263
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 2024; (iii) those covenants and agreements that by their terms are to be performed or complied with, in whole or in part, after the Effective Time; and (iv) the definitions of any related defined terms used in the provisions or agreements described in the foregoing clauses (i) through (iii). Closing The Closing is expected to occur electronically through the exchange of documents and electronic signatures, on the date which is three business days after the satisfaction or, if permissible, waiver of all of the conditions to closing in the Merger Agreement (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions at the Closing), or such other time and place as Emerald and Fold may mutually agree in writing. The Closing will occur after the consummation of the Fold Security Conversion. Upon the Closing, Emerald will be renamed “Fold Holdings, Inc.” or such other name as Emerald and Fold may agree. Additional Agreements This subsection describes certain additional agreements entered into or to be entered into pursuant to the Merger Agreement, but does not purport to describe all of the terms of each agreement. Each of the following summaries are qualified in their entirety by reference to the complete text of the applicable document. You are urged to read carefully each of the below agreements in their entirety. Sponsor Share Restriction Agreement On July 24, 2024, concurrently with the execution of the Merger Agreement, the Sponsor entered into the Sponsor Share Restriction Agreement with Emerald. Pursuant to the Sponsor Share Restriction Agreement, at the Closing, (i) all Private Placement Warrants will be forfeited and cancelled, and (ii) approximately 5.3 million of the Sponsors’ founder shares (the “ subject founder shares”) will be subject to time -basedtransfer restrictions subject to early release as follows: •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) six months following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) (x) in the event that Emerald and Fold raise $50 million or more as of the Closing, one year following the Closing, and (y) in the event that Emerald and Fold raise less than $50