Company: FLDDW
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001213900-25-014354
Chunk: 1

Company: Fold Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 1
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Item 2.01 of this Report discusses the consummation of the Transactions
and the entry into agreements relating thereto and is incorporated herein by reference.

Amended and Restated Registration Rights Agreement

In connection with the consummation of the Business Combination and
as contemplated by the Merger Agreement, Fold, Emerald ESG Sponsor LLC (“ ESG Sponsor”), Emerald ESG Advisors, LLC (“ ESG
Advisors”) and Emerald ESG Funding, LLC (“ ESG Funding” and, collectively with ESG Sponsor and ESG Advisors, the “ Sponsors”),
certain stockholders of Legacy Fold and certain stockholders of Emerald (collectively, the “ Registration Rights Holders”)
entered into an Amended and Restated Registration Rights Agreement, dated as of February 14, 2025 (the “ A& R Registration Rights
Agreement”).

Under the A& R Registration Rights Agreement, the Company is obligated
to file a registration statement with the SEC to register the resale of (a) any shares of Common Stock held by a Registration Rights Holder
as of the Closing and, to the extent acquired after the Closing and deemed to be a “restricted security” (as defined in Rule
144 promulgated under the Securities Act), any shares of Common Stock acquired following the Closing, and (b) any other equity security
of the Company issued or issuable with respect to any such share of Common Stock by way of a stock dividend or stock split or in connection
with a combination of shares, recapitalization, merger, consolidation or other reorganization or otherwise, in each case held by such
Registration Rights Holder.

The Company agreed to, within 20 business days after the Closing, file
with the SEC a shelf registration statement registering the resale of the Common Stock held by the Registration Rights Holders and use
its commercially reasonable efforts to have such registration statement declared effective as soon as practicable after the filing thereof,
but in no event later than 60 days following the filing deadline. In addition, pursuant to the terms of the A& R Registration Rights
Agreement and subject to certain requirements and customary conditions, the Sponsor holders are entitled to three demand registrations
and the Legacy Fold holders are entitled to six demand registrations; provided, however, the Company is not obligated to participate in
more than four demand registrations in any twelve month period. Further, the Company is not obligated to participate in an underwritten
offering if the aggregate gross proceeds from such offering are expected to be $