Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 552

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 552
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     |   |    1,764,032 |   |
| Class A common stock subject to possible redemption, September 30, 2024 (unaudited) |     | $ |   51,996,271 |   |

NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the Public Offering, the Sponsor purchased an aggregate of 890,000Private Placement Units for a purchase price of $ 8,900,000, or $ 10.00per unit, in a private placement. Additionally, concurrently with the partial exercise of the over -allotmentoption by the underwriter, the Company issued to the Sponsor 86,081Private Placement Units at a price of $ 10.00per Private Placement Unit for total proceeds of $ 860,810. Each Private Placement Unit consists of one share of Class A common stock and one -halfof one Warrant, with each whole warrant entitling the holder thereof to purchase one share of Class A common stock for $11.50, subject to adjustment. The Private Placement Warrants are identical to the warrants sold in the Public Offering, except that if held by the Sponsor or its permitted transferees, they (including the common stock issuable upon exercise of these warrants) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the consummation of the initial Business Combination. There will be no redemption rights or liquidating distributions with respect to the Founder Shares (defined below), placement shares or warrants, which will expire worthless if the Company does not complete an initial Business Combination. NOTE 5. RELATED PARTY TRANSACTIONS Founder Shares On June 2, 2021, the Sponsor purchased 7,992,750shares of Class B common stock for an aggregate purchase price of $ 25,000, and on October 14, 2021, the Company effected a 1.1014 -for-1.0stock split, so that the Sponsor owned an aggregate of 8,803,333shares of Class B common stock (the “Founder Shares”). On November 12, 2021, the Company effected a 0.9955 -for-1.0stock split, so that the Sponsor owned an aggregate of 8,763,333Founder Shares. All shares and related amounts have been retroactively adjusted to reflect the split (see Note 7). The number of Founder Shares outstanding was determined based on the expectation that