Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 6

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 6
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mate a business combination, Emerald may use a portion of any funds held outside the Trust Account to repay the Tax Note; however, no proceeds from the Trust Account may be used for such repayment. If such funds are insufficient to repay the Tax Note, the unpaid amounts would be forgiven. No portion of the amounts outstanding under the Tax Note may be converted into units or shares. On October31, 2024, Emerald borrowed the full amount under the Tax Note. On July 24, 2024, the Sponsor entered into a Sponsor Share Restriction Agreement with Emerald (the “Sponsor Share Restriction Agreement”). Pursuant to the Sponsor Share Restriction Agreement, at the Closing, (i) the Private Placement Warrants, all of which are held by the Sponsor, will be forfeited and cancelled, and (ii) approximately 3.3 million of the Sponsors’ founder shares allocated to certain third party investors not affiliated with the Sponsors or the Company will not be subject to transfer restrictions, and approximately 5.3 million of the Sponsors’ founder shares will be made subject to achieving certain price thresholds for the Company’s common

stock for 20 out of any 30 consecutive trading days; provided, that up to 1,000,000 of the Sponsors’ founder shares shall be forfeited in the event that that less than $50 million is raised by the Company or Fold from the date of the Merger Agreement for a period of two (2) years from Closing; and provided further, that: •one -thirdof the subject founder shares will lapse on the six -monthanniversary of the Closing; •one -thirdof the subject founder shares will lapse on the first or second anniversary of the Closing; and •one -thirdof the subject founder shares will lapse on the tenth anniversary of the Closing. Also on July 24, 2024, Emerald entered into a Support Agreement with (i) the Sponsor, (ii) Fold, and (iii) the Fold stockholders named therein (together with the Sponsors, the “Voting Parties” and each a “Voting Party”), pursuant to which the Voting Parties agreed to vote or cause to be voted all Emerald voting shares and all Fold voting securities that they beneficially own (i) in favor of (A) the Merger and the Merger Agreement; (B) an amendment of Emerald’s governing documents to extend the outside date for consummating the Merger, if applicable; and (C) any proposal to