Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 227

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 227
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 Board members and management team believe that they are qualified to conduct and analyze the due diligence required for Emerald to identify a merger partner. See the section entitled “ Information About Emerald — Directors and Executive Officers” for additional information regarding the experience of the Emerald Board and management team. Although Emerald initially focused its efforts on identifying companies in sectors such as: clean/renewable energy; water sustainability; agricultural technology; shared economy software; and next generation mobility, it was not required to limit its activities to any particular industry. In the evaluation of business combination partners, Emerald’s Board and management team considered many factors. Emerald’s Board did not consider it practicable or relevant to quantify or otherwise assign relative weights to the specific factors it considered in reaching its final decision. Important criteria that Emerald used in evaluating prospective business transaction opportunities included: •Strong management team. •Opportunities for growth. •Defensible and differentiated business niche. •Core commitment to providing social, financial, and environmental value. •Technology and risk management infrastructure. •Products or solutions that improve environmental outcomes, advance progress toward greater diversity, equity, and inclusion. Emerald’s management team employed various strategies to identify an appropriate target company, including: •Contacting investment bankers, attorneys, accountants, venture capital funds, private equity funds, leveraged buyout funds, management buyout funds, brokers and other members of the financial community and corporate executives. •Contacting investment banks that might be working with companies looking for exits or funding. •Contacting private equity and venture capital investment firms that might have portfolio companies they are looking to exit. •Caucusing Emerald’s officers and directors, as well as their affiliates, for target business candidates of which they become aware through their contacts. •Conducting Internet research in order to find companies that might be looking for funding or a sale. In addition, following the IPO, Emerald retained certain consultants and professional advisors to provide assistance in operations matters, including in the areas of due diligence and transaction execution. From the date of the IPO through the signing of the LOI (as defined below) with Fold in June 2024, Betsy Z. Cohen, the Chairman of the Emerald Board, Bracebridge Young, Jr., Emerald’s Chief Executive Officer, and each of Amanda Abrams, Jeff Blomstrom and Mehar Jagota, advisors to Emerald, reviewed target companies identified by representatives of Emerald and its financial advisors. During the same period, representatives of Emerald also contacted, and were contacted by, several representatives of potential target companies with respect to business combination