Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 1

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 1
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 the
transactions contemplated by that certain Agreement and Plan of Merger, dated as of July 24, 2024 (the “Merger
Agreement”), with Emerald, EMLD Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Emerald
(“Merger Sub”), and Fold, Inc., a Delaware corporation (“Legacy Fold”). As contemplated by the Merger
Agreement, Merger Sub merged with and into Legacy Fold (the “Merger”), the separate corporate existence of Merger Sub
ceased and Legacy Fold survived as a wholly owned subsidiary of Emerald (collectively, the “Business Combination”).
Following the closing of the Business Combination, Emerald changed its name from FTAC Emerald Acquisition Corp. to Fold Holdings,
Inc. (“Fold”).

The Selling Securityholders can sell, under this
prospectus, up to (a) 49,161,055 shares of Common Stock constituting approximately 105% of our issued and outstanding shares of Common
Stock and approximately 387% of our issued and outstanding shares of Common Stock held by non-affiliates and (b) 925,590 Warrants constituting
approximately 6.13% of our issued and outstanding Warrants. Sales of a substantial number of our shares of Common Stock and/or Warrants
in the public market by the Selling Securityholders and/or by our other existing securityholders, or the perception that those sales might
occur, could depress the market price of our shares of Common Stock and Warrants and could impair our ability to raise capital through
the sale of additional equity securities. We are unable to predict the effect that such sales may have on the prevailing market price
of our shares of Common Stock and Warrants.

The sale of all the securities being offered in
this prospectus could result in a significant decline in the public trading price of our securities. Despite such a decline in the public
trading price, some of the Selling Securityholders may still experience a positive rate of return on the securities they purchased due
to the differences in the purchase prices. Based on the closing price of our Common Stock of $4.28 on April 9, 2025, the Sponsors may
experience potential profit of up to $4.277 per share (or approximately $20,818,901 in the aggregate based on the Sponsors holding 4,867,641
founder shares) based on the Sponsors’ initial purchase price of approximately $0.003 per share. Public