Form 4: Kirkwood Jonathan Reports Beneficial Ownership in Fold Holdings, Inc. Following Business Combination

Jonathan Kirkwood, a director and 10% owner of Fold Holdings, Inc., reports acquiring shares through a business combination.

Summary

• Jonathan Kirkwood, a director and 10% owner of Fold Holdings, Inc. (FLD), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of common stock on February 14, 2025, as a result of the business combination between FTAC Emerald Acquisition Corp. and Fold, Inc.
• Kirkwood directly acquired 1,682,670 shares of common stock.
• Kirkwood indirectly acquired 3,365,299 shares of common stock through LOW TIME PREFERENCE FUND II, LLC.
• Kirkwood also indirectly acquired 1,682,670 shares of common stock through Ten31 Join the Fold LLC.
• The business combination was executed according to the Merger Agreement dated July 24, 2024.
• The exchange ratio for the conversion of Legacy Fold common stock into Fold Holdings, Inc. common stock is described in the Issuer's Registration Statement on Form S-4 (Reg. No. 333-282520).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for insiders reporting changes in beneficial ownership, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in ownership structure.
• The filing provides transparency regarding insider activity.

Key Dates