Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 261

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 261
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 Agreement, by and among Emerald, Merger Sub and Fold. The Merger Agreement provides, among other things, that on the terms and subject to the conditions set forth therein, a business combination between Emerald and Fold will be effected through the merger of Merger Sub with and into Fold, with Fold surviving the Merger as a wholly owned subsidiary of Emerald. The Merger Agreement was approved by the board of directors of each of Emerald and Fold. Conversion of Securities Immediately prior to the Effective Time, each share of Fold Preferred Stock will be converted into Fold Common Stock (the “Fold Security Conversion”). At the Effective Time, by virtue of the Merger and without any action on the part of Emerald, Merger Sub, Fold or the Fold stockholders: •Each share of Fold Common Stock that is issued and outstanding immediately prior to the Effective Time (other than shares excluded pursuant to the Merger Agreement, and after giving effect to the conversion of Fold Preferred Stock and Fold SAFEs into Fold Common Stock immediately prior to the Closing) will be canceled and converted into the right to receive a number of shares of Emerald Class A Common Stock (rounded down to the nearest whole share) equal to the quotient obtained by (a) the Aggregate Merger Consideration, dividedby (b) the number of shares of Fold Fully Diluted Capital Stock. •Each share of Merger Sub capital stock shall be converted into one share of common stock, par value $0.0001, of the surviving corporation. •All Fold Common Stock issued and outstanding immediately prior to the Effective Time held by Fold in treasury shall be automatically canceled, and no consideration shall be delivered in exchange. •Each outstanding Fold RSU Award shall automatically be converted into an award of restricted stock units covering a number of shares of New Fold Common Stock determined by multiplying (a) the number of shares of Fold Common Stock subject to the corresponding Fold RSU Award immediately prior to the Effective Time by (b) the Exchange Ratio (rounded down to the nearest whole share). Appraisal Rights Notwithstanding the above, under the DGCL, with certain exceptions, Surviving Company’s stockholders will have appraisal rights in connection with a merger or consolidation of the Surviving Company. Pursuant to Section 262 of the DGCL, stockholders who properly demand and perfect appraisal rights in connection with such merger or consolidation will have the right to receive payment of the fair value of their shares as determined by the Delaware Court of Chancery. 153 Representations and Warranties Under the Merger Agreement,