Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 4

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 4
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 the “Sponsor”), and Emerald’s officers and directors, have agreed to (a) vote all of the Founder Shares held by the Sponsor, and all of their shares of Emerald Class A Common Stock in favor of the Business Combination, and (b) certain restrictions on their shares of Emerald Class A Common Stock and Founder Shares (collectively, the “Emerald Common Stock”). On June 2, 2021, the Sponsor purchased 7,992,750 Founder Shares for an aggregate purchase price of $25,000, on October 14, 2021, Emerald effected a 1.1014 -for-1.0 stock split of its common stock, and on November 12, 2021, Emerald effected a 0.9955 -for-1.0 stock split of its common stock. On January 14, 2022, in connection with the IPO underwriter’s partial exercise of its over -allotmentoption, the Sponsor forfeited 148,192 Founder Shares, so that the Sponsor owns an aggregate of 8,615,141 Founder Shares. The number of Founder Shares issued was determined based on the expectation that such Founder Shares would represent 25% of the outstanding shares upon completion of the IPO. In addition to the Founder Shares, as of September 30, 2024, the Sponsor also owned 976,081 shares of non -redeemableEmerald Class A Common Stock and 488,041 Private Placement Warrants.

i On June 3, 2021, the Sponsor issued an unsecured promissory note to Emerald (as amended and restated on October 19, 2021, the “IPO Promissory Note”), pursuant to which Emerald may borrow up to an aggregate principal amount of $300,000, to be used for payment of costs related to the IPO. The outstanding balance under the IPO Promissory Note of $105,260 was repaid on December 27, 2021. On September 19, 2023, Emerald held a special meeting in lieu of an annual meeting of stockholders (“First Extension Meeting”) pursuant to which its stockholders approved (i) an amendment (the “Charter Extension Amendment”) to Emerald’s second amended and restated certificate of incorporation (as amended, the “Certificate of Incorporation of Fold”) giving Emerald the right to extend the date by which it has to complete an initial business combination from September 20, 2023 to January 19, 2024