Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 258

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 258
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 Transaction Expenses  |     |   |  12.5 |
| Total Sources                            |     | $ | 395.2 |     | Total Uses            |     | $ | 395.2 |

All of the sources and uses above are for illustrative purposes only. Where actual amounts are not known or knowable, the figures above represent Emerald’s good faith estimate of such amounts.

149 Satisfaction of 80% Test Nasdaq rules require that an initial business combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (less any deferred underwriting commissions and taxes payable on interest earned) at the time of signing a definitive agreement in connection with an initial business combination. The Emerald Board has determined that the fair market value of the Business Combination meets this test at the time of execution of the Merger Agreement. Name; Headquarters of New Fold The name of the combined company after the Business Combination will be Fold Holdings, Inc., and its headquarters will be located at [•], and its phone number will be [•]. Board of New Fold following the Business Combination Upon the Closing, we anticipate that the New Fold Board will consist of Will Reeves, Bracebridge H. Young Jr., Andrew Hohns, Jonathan Kirkwood, Lesley Goldwasser, Kirstin Hill and Erez Simha. For additional details, see the sections of this proxy statement/prospectus entitled “ Proposal No. 4 — The Election of Directors Proposal” and “ Directors and Executive Officers After the Business Combination.” Redemption Rights Pursuant to our Existing Charter, holders of Public Shares may elect to have their Public Shares redeemed for cash at the applicable redemption price per share calculated in accordance with our Existing Charter. For illustrative purposes, based on funds in the Trust Account of approximately $51.3million on December31, 2024, the estimated per share redemption price would have been approximately $11.04. If a Public Stockholder exercises its redemption rights, then such Public Stockholder will be exchanging its shares of our Emerald Class A Common Stock for cash and will no longer own shares of Emerald. Such a holder will be entitled to receive cash for its Public Shares only if it properly demands redemption and delivers its shares (either physically or electronically) to our transfer agent in accordance with the procedures described herein. Each redemption of Public Shares by our Public Stockholders will decrease the amount in our Trust Account. See the section entitled “ Special Meeting of Emerald Stockholders — Redemption Rights