Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 259

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 259
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” for the procedures to be followed if you wish to redeem your Public Shares for cash. Appraisal Rights There are no appraisal rights available to holders of shares of Emerald Common Stock or Emerald Warrants in connection with the Business Combination under the DGCL. Ownership of New Fold After the Closing As of September 30, 2024, there were 14,349,106shares of Emerald Class A Common Stock issued and outstanding. There were also outstanding an aggregate of 12,922,712 warrants, which includes 488,041 Private Placement Warrants and 12,434,671 Public Warrants. Each warrant entitles the holder thereof to purchase one share of Emerald Class A Common Stock and, following the Business Combination, will entitle the holder thereof to purchase one share of New Fold Common Stock. Pursuant to the Sponsor Share Restriction Agreement, all Private Placement Warrants will be forfeited at Closing. Under the “minimum redemptions” scenario, upon completion of the Business Combination, Emerald’s public stockholders would retain an ownership interest of approximately 9.6% in New Fold, the Sponsor and its affiliates and certain current and former directors, will retain an ownership interest of approximately 13.0% of New Fold, Fold stockholders will own approximately 70.5% of New Fold and Polar and the parties to the Non -RedemptionAgreements will own approximately 6.8% of New Fold. Under the “25% redemptions” scenario, upon completion of the Business Combination, Emerald’s Public Stockholders would retain an ownership interest of approximately 7.3% in New Fold, the Sponsor and its affiliates and certain current and former directors, as the sole holders of Founder Shares, will retain an ownership interest of approximately 13.3% of New Fold, Fold stockholders will own approximately 72.3% of New Fold and Polar and the parties to the Non -RedemptionAgreements will own approximately 7.0% of New Fold. 150

Under the “maximum redemptions” scenario, upon completion of the Business Combination, Emerald’s public stockholders would retain an ownership interest of approximately 2.4% in New Fold, the Sponsor and its affiliates and certain current and former directors, will retain an ownership interest of approximately 13.9% of New Fold, Fold stockholders will own approximately 76.4% of New Fold and Polar and the parties to the Non -RedemptionAgreements will own approximately 7.3% of New Fold. The