Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 873

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 873
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, the net proceeds of which are used to purchase Bitcoin and which notes mandatorily convert into Common Stock of the Company on or prior to the Public Company Date at a price not less than $6.50 per share of the common equity of the Successor Public Company; provided, that the aggregate principal amount of such notes shall not to exceed $50,000,000. (ccc)“ Permitted Safe Note Collateral ” means any Bitcoin purchased, in whole, with the proceeds of any Permitted Safe Note, which, pursuant to the terms of the Permitted Safe Notes secure the payment of such Permitted Safe Notes. (ddd)“ Permitted Subordinated Indebtedness ” means Indebtedness (other than Convertible Securities) incurred by the Company that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement reasonably acceptable to the Holder, (i) which does not include any equity or equity-linked features or the issuance or transfer of any securities in connection therewith (including, with limitation, any Options or the right to convert, exchange or otherwise satisfy the payment of such Indebtedness with any equity security of the Company or any of its Subsidiaries) unless the New Issuance Price of such securities issuable upon conversion, exchange or otherwise of (and/or in connection with) such Indebtedness, as applicable, equals or exceeds 110% of the Conversion Price and (ii) which Indebtedness does not provide at any time for (x) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until at least ninety-one (91) days after the Maturity Date and (y) total interest and fees at a rate in excess of 12% per annum; provided that the aggregate amount of any Permitted Subordinated Indebtedness that includes any equity or equity-linked features or the issuance or transfer of any securities in connection therewith (including, with limitation, any Options or the right to convert, exchange or otherwise satisfy the payment of such Indebtedness with any equity security of the Company or any of its Subsidiaries) shall not exceed $250,000,000. (eee)“ Permitted Treasury Indebtedness ” means convertible Indebtedness secured by Permitted Treasury Collateral (and which the sole recourse of such Indebtedness is to such Permitted