Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 187

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 187
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 be completed; •the attention of our management will have been diverted to the Business Combination rather than the pursuit of other opportunities in respect of an initial business combination; and •we will have a limited period of time, if any, to complete an alternative initial business combination and we may not be as attractive to potential alternative partners to an initial business combination if we are unable to complete the Business Combination. 101 We may waive one or more of the conditions to the Business Combination. We may agree to waive, in whole or in part, some of the conditions to our obligations to complete the Business Combination, to the extent permitted by the Existing Charter and applicable laws. For example, it is a condition to our obligations to close the Business Combination that certain of Fold’s representations and warranties are true and correct in all material respects as of the Closing Date. However, if our board of directors determines that it is in our stockholders’ best interest to waive any such breach, then the board may elect to waive that condition and close the Business Combination. We are not able to waive the condition that our stockholders approve the Business Combination. The exercise of Emerald’s directors’ and officers’ discretion in agreeing to changes or permitted waivers in the terms of the Business Combination may result in a conflict of interest when determining whether such changes to the terms of the Business Combination or waivers of conditions are appropriate and in the best interests of Emerald stockholders. In the period leading up to the Closing events may occur that, pursuant to the Merger Agreement, would require Emerald to agree to amend the Merger Agreement, to consent to certain actions taken by Fold or to waive rights that Emerald is entitled to under the Merger Agreement. Such events could arise because of changes in the course of Fold’s business, a request by Fold to undertake actions that would otherwise be prohibited by the terms of the Merger Agreement or the occurrence of other events that would have a material adverse effect on Fold’s business and would entitle Emerald to terminate the Merger Agreement. In any of such circumstances, it would be at Emerald’s discretion, acting through the Emerald Board, to grant its consent or waive those rights. For example, Emerald could agree to waive the Closing condition related to no material adverse effect having occurred with respect to Fold between the date of the Merger Agreement and the Closing. If Emerald were to waive this Closing condition and proceed to Closing of the Business Combination, the price of New Fold Common Stock could be materially depressed. The existence of the financial and personal interests of the directors described herein may result