Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 115

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 115
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 Continental Stock Transfer & Trust Company, N.A., as warrant agent, and EMLD. The Warrant
Agreement provides that the terms of the Public Warrants may be amended without the consent of any holder to cure any ambiguity or correct
any defective provision, but requires the approval by the holders of at least 50% of the then outstanding Public Warrants to make any
change that adversely affects the interests of the registered holders of Public Warrants. Accordingly, we may amend the terms of the Public
Warrants (i) in a manner adverse to a holder if holders of at least 50% of the then outstanding Public Warrants approve of such amendment
or (ii) to the extent necessary for the Public Warrants to be classified as equity in the financial statements without the consent
of any holder. Although our ability to amend the terms of the Public Warrants with the consent of at least 50% of the then outstanding
Public Warrants is unlimited, examples of such amendments could be amendments to, among other things, increase the exercise price of the
Public Warrants, convert the Public Warrants into cash or stock, shorten the exercise period or decrease the number of shares of Common
Stock purchasable upon exercise of a Public Warrant.

We may redeem your unexpired Public Warrants prior to their exercise
at a time that is disadvantageous to you, thereby making your Public Warrants worthless.

Emerald has the ability to redeem outstanding Public
Warrants at any time prior to their expiration, at a price of $0.01 per warrant, provided that the closing price of our Common Stock equals
or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading
days within a 30 trading-day period ending on the third trading day prior to the date on which we give proper notice of such redemption,
provided that on the date we give notice of redemption and during the entire period thereafter until the time we redeem the Public Warrants,
we have an effective registration statement under the Securities Act covering the shares of Common Stock issuable upon exercise of the
Public Warrants and a current prospectus relating to them is available. If and when the Public Warrants become redeemable, we may exercise
our redemption right even if we are unable to register or qualify the underlying securities for sale under all applicable state securities
laws. As a result, we may redeem the Public