Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 409

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 409
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 New Fold’s compensation plans, policies and programs comply with applicable legal and regulatory requirements. Board Committees Effective upon the consummation of the Business Combination, we anticipate that the New Fold Board will establish an audit committee, a compensation committee and a nominating and corporate governance committee. The New Fold Board will adopt a charter for each of these committees, which will comply with the applicable requirements of current Nasdaq rules. In addition, from time to time, special committees may be established under the direction of the New Fold Board when the board deems it necessary or advisable to address specific issues. New Fold intends to comply with future requirements to the extent they will be applicable to New Fold. Following the consummation of the Business Combination, copies of the charters for each committee will be available on the investor relations portion of New Fold’s website. 255 Audit Committee New Fold’s audit committee will consist of Mr.Simha, Ms. Goldwasser and Ms. Hill. The New Fold Board is expected to determine that each of the members of the audit committee will satisfy the independence requirements of Nasdaq listing rules and Rule 10A -3under the Exchange Act. Each member of the audit committee can read and understand fundamental financial statements in accordance with applicable audit committee requirements. In arriving at this determination, the New Fold Board examined each audit committee member’s scope of experience and the nature of their prior and/or current employment. Mr.Simha will serve as the chair of the audit committee. The New Fold Board is expected to determine that Mr.Simha qualifies as an audit committee financial expert within the meaning of SEC regulations and meets the financial sophistication requirements of Nasdaq listing rules. In making this determination, the New Fold Board considered Mr.Simha’s formal education and previous experience in financial roles. Both New Fold’s independent registered public accounting firm and management periodically will meet privately with New Fold’s audit committee. The functions of the audit committee will include, among other things: •evaluating the performance, independence, compensation, retention, oversight and qualifications of New Fold’s independent auditors and determining whether to retain New Fold’s existing independent auditors or engage new independent auditors; •reviewing New Fold’s financial reporting processes and disclosure controls; •reviewing and approving the engagement of New Fold’s independent auditors to perform audit services and any permissible non -auditservices; •reviewing the adequacy and effectiveness of New Fold’s internal control policies and procedures, including reviewing, with the independent auditors, management’s plans with respect to the responsibilities