Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 189

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 189
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 13, 2023, we issued
an unsecured promissory note to Emerald ESG Sponsor, LLC (as amended, the “WC Promissory Note”), pursuant to which we could
borrow up to an aggregate principal amount of $3,000,000. The WC Promissory Note was non-interest bearing and payable upon the consummation
of our initial business combination. As of December 31, 2024, there was $3,000,000 outstanding under the WC Promissory Note. At the Closing,
the outstanding balance under the WC Promissory Note was repaid in full and the WC Promissory Note was terminated.

On October 25, 2024, we
issued a promissory note (the “October Note”) to Frontier SPV, LLC (“Frontier”), an affiliate of our sponsors.
Pursuant to the October Note, Frontier agreed to loan us up to an aggregate principal amount of $2,000,000. The October Note was non-interest bearing
and payable upon the consummation of the initial business combination. As of December 31, 2024, there was $1,218,651 outstanding under
the October Note. At the Closing, the outstanding balance under the October Note was repaid in full and the October Note was terminated.

On October 31, 2024, we
issued a promissory note (the “Tax Note”) to Frontier. Pursuant to the Tax Note, Frontier agreed to loan us an aggregate principal
amount of $973,116, which was used to satisfy our excise tax liability. The Tax Note was non-interest bearing and payable upon the
consummation of the initial business combination. As of December 31, 2024, there was $973,116 outstanding under the October Note. At the
Closing, the outstanding balance under the Tax Note was repaid in full and the Tax Note was terminated.

Registration Rights

Pursuant to a registration rights
agreement entered into on December 15, 2021, the holders of the founder shares, placement units (including any securities contained therein)
and the units (including any securities contained therein) that may be issued upon conversion of working capital loans were entitled to
registration rights to require us to register a sale of any of our securities held by them (in the case of the founder shares, only after
conversion to our Class A common stock). This registration rights agreement was replaced by the A&R Registration Rights