SCHEDULE: Emerald ESG Entities Divest Entire Stake in Fold Holdings, Inc.

Emerald ESG Sponsor, LLC, Emerald ESG Advisors, LLC, and Betsy Z. Cohen have reported a complete divestment of their beneficial ownership in Fold Holdings, Inc.'s Class A Common Stock, now holding 0% of the class.

Summary

• Emerald ESG Sponsor, LLC, Emerald ESG Advisors, LLC, and Betsy Z. Cohen, collectively referred to as the Reporting Persons, have filed an Amendment No. 2 to Schedule 13G.
• The filing indicates that as of the event date of June 12, 2025, these Reporting Persons beneficially own 0.00 shares of Fold Holdings, Inc.'s Class A Common Stock.
• This represents 0% of the total Class A Common Stock outstanding.
• The Reporting Persons previously held a beneficial ownership stake, which has now been reduced to zero.
• Fold Holdings, Inc.'s principal executive offices are located at 11201 North Tatum Blvd., Suite 300, Unit 42035, Phoenix, Arizona 85028.

Sentiment

Score: 3

Explanation: The complete divestment by previously significant beneficial owners is a negative indicator, suggesting a lack of confidence or a strategic exit from the investment.

Negatives

• The complete divestment of beneficial ownership by Emerald ESG Sponsor, LLC, Emerald ESG Advisors, LLC, and Betsy Z. Cohen, reducing their stake to 0%, indicates a loss of confidence or strategic exit by these investors.
• This significant reduction in ownership by a previously disclosed holder can be perceived negatively by the market.

Risks

• The complete divestment by these reporting persons may signal a lack of confidence in Fold Holdings, Inc.'s future prospects, potentially leading to decreased investor sentiment.
• A significant investor exiting their position could trigger concerns among other shareholders regarding the company's stability or strategic direction.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Fold Holdings, Inc.'s future performance or strategic direction.

Industry Context

This filing is specific to a change in beneficial ownership for Fold Holdings, Inc. and does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may experience a decrease in confidence due to the complete divestment by these reporting persons, potentially impacting the company's stock price.
• The exit of a significant investor could lead to questions about the company's long-term strategy and stability among the investment community.

Key Dates

Recommendation

Keywords

Fold Holdings Inc., Emerald ESG Sponsor LLC, Emerald ESG Advisors LLC, Betsy Z. Cohen, Schedule 13G, beneficial ownership, divestment, Class A Common Stock, SEC filing, investor exit