Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 397

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 397
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 approximates fair value. Emerald has not considered the effect of the Warrants in the calculation of diluted net (loss) income per share, if any, since their exercise is contingent upon future events. As a result, diluted net (loss) income per share of Common Stock is the same as basic net (loss) income per share of Common Stock. Recent Accounting Standards Emerald’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on our condensed financial statements. 248 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Emerald Relationships and Related Party Transactions Emerald Related Party Policy Emerald has adopted a code of conduct and ethics requiring it to avoid, wherever possible, all conflicts of interests, except under guidelines or resolutions approved by the Emerald board of directors (or the appropriate committee of the board) or as disclosed in its public filings with the SEC. Under the code of conduct and ethics, conflict of interest situations include any financial transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness) involving Emerald. In addition, Emerald’s audit committee, pursuant to its charter, is responsible for reviewing and approving related party transactions to the extent that Emerald enters into such transactions. An affirmative vote of a majority of the members of the audit committee present at a meeting at which a quorum is present will be required in order to approve a related party transaction. Without a meeting, the unanimous written consent of all of the members of the audit committee will be required to approve a related party transaction. Emerald also requires each of its directors and officers to complete a directors’ and officers’ questionnaire that elicits information about related party transactions. These procedures are intended to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the part of a director, employee or officer. Emerald’s audit committee reviews on a quarterly basis all payments that were made to the Sponsor, officers or directors, or its or their affiliates. Founder Shares In June 2021, the Sponsor purchased 7,992,750 shares of Emerald Class B Common Stock for an aggregate purchase price of $25,000. In October 2021, Emerald effected a 1.1014 -for-1.0 stock split of its common stock. In November 2021, Emerald effected a 0.9955 -for-1.0 stock split of its common stock. In January 2022, as a result of the underwriter in Emerald’s IPO