Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 219

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 219
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PP, to be effective upon the Closing. •The Nasdaq Proposal — a proposal to approve, for purposes of complying with the applicable listing rules of The Nasdaq Stock Market LLC, the issuance of shares of Emerald Class A Common Stock pursuant to the Merger Agreement in connection with the Business Combination. •The Adjournment Proposal — a proposal to adjourn the special meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the special meeting, there are not sufficient votes to approve one or more proposals presented to stockholders for vote. Recommendation to Emerald Stockholders Our board of directors believes that each of the Business Combination Proposal, the Organizational Documents Proposal, the Advisory Organizational Documents Proposals, the Election of Directors Proposal, the Equity Incentive Plan Proposal, the Employee Stock Purchase Plan Proposal, the Nasdaq Proposal and the Adjournment Proposal to be presented at the special meeting is in the best interests of Emerald and our stockholders and unanimously recommends that its stockholders vote “FOR” each of these proposals, including “FOR” each of the director nominees. 125 When you consider the recommendation of the Emerald Board in favor of approval of the Business Combination Proposal, you should keep in mind that Emerald’s directors and officers have interests in the Business Combination that are different from or in addition to (or which may conflict with) your interests as a stockholder. These interests include, among other things: •the beneficial ownership of the Sponsor and certain current and former members of the Emerald Board and officers of an aggregate of 9,591,222shares of Emerald Class A Common Stock, which would become worthless if Emerald does not complete a business combination by the Extension Deadline, as such stockholders have waived any redemption right with respect to those shares. After giving effect to the Business Combination, the Sponsor and certain current and former members of the Emerald Board and officers would own up to an aggregate of 6,293,722shares of Emerald Class A Common Stock. Such shares have an aggregate market value of approximately $[•] million, based on the closing price of Emerald Class A Common Stock of $[•] on the OTCQB Venture Market on [•], 2025; •the continued indemnification of current directors and officers of Emerald and the continuation of directors’ and officers’ liability insurance after the Business Combination; •the fact that our Sponsor, officers and directors will be reimbursed for out -of-pocketexpenses incurred in connection