Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 380

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 380
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 Transfer Restrictions 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, (ii) approximately 3.3 million of the Sponsors’ founder shares allocated to certain third party investors not affiliated with the Sponsor or Emerald will not be subject to transfer restrictions, and (iii) approximately 5.3 million of the Sponsor’s founder shares shall be subject to time -basedtransfer restrictions subject to early release as follows: •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) six months following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing;

241 •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) (x) in the event that Emerald and Fold raise $50 million or more as of the Closing, one year following the Closing, and (y) in the event that Emerald and Fold raise less than $50 million as of the Closing, two years following the Closing, or (b) the first date that the stock price exceeds $15.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing; and •one -thirdof the subject founder shares shall remain subject to transfer restrictions until the earlier of (a) ten years following the Closing or (b) the first date that the stock price exceeds $17.00 for 20 trading days of any consecutive 30 trading day period ending after the date that is 90 days after the Closing. In the event that Emerald and Fold raise less than $50 million from the date of the Merger Agreement through the second anniversary of the Closing, the Sponsor shall automatically forfeit for no additional consideration up to 1,000,000 subject founder shares, as described in the Sponsor Share Restriction Agreement. Non-Redemption Agreements / Polar Between September 7, 2023 and September 15, 2023, Emerald entered into non -redemptionagreements with unaffiliated third parties (the “2023 Non -RedemptionAgreements”) in exchange for each such party agreeing not to redeem Public Shares in connection with the First Extension Meeting. In exchange for the commitments