Welcome to our dedicated page for FTAC Emerald Acquisition news (Ticker: EMLD), a resource for investors and traders seeking the latest updates and insights on FTAC Emerald Acquisition stock.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) is a blank check company established with the intent of merging, acquiring, or engaging in a business combination with one or more entities. As a special purpose acquisition company (SPAC), its primary objective is to identify and partner with promising businesses or assets.
FTAC Emerald is uniquely poised to seek out opportunities across various sectors, leveraging its financial expertise and industry connections. The Company’s mission is to facilitate the growth and success of its target businesses, providing them with the resources and network required to thrive in competitive markets.
On September 12, 2023, FTAC Emerald announced its intention to adjourn its special meeting in lieu of the annual meeting of stockholders to September 18, 2023. The meeting, held virtually, focuses on key proposals including amendments to the Company’s Amended and Restated Certificate of Incorporation and the Investment Management Trust Agreement.
Further updates on September 15, 2023 and September 18, 2023 indicated subsequent postponements of the meeting, emphasizing the Company’s commitment to ensuring comprehensive participation and consideration of the proposals. The estimated redemption price for Class A common stock in connection with the meeting is approximately $10.47 per share.
FTAC Emerald encourages its stockholders to refer to the definitive proxy statement for detailed information about the meeting’s agenda and the implications of the proposals being voted upon. The proxy statement and other relevant documents are accessible on the SEC’s website and the Company’s official communication channels.
With a strategic focus on mergers and acquisitions, FTAC Emerald is at the forefront of facilitating significant business ventures, driving innovation and growth within its targeted industries.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) has announced a correction to its previously reported ticker symbol change. Starting August 2, 2024, the company's Common Stock, Units, and Warrants will trade under new symbols FLD, FLDDU, and FLDDW, respectively. This update follows FTAC Emerald's recent announcement of a business combination agreement with Fold, Inc., a bitcoin financial services company. The merger is expected to close in Q4 2024, resulting in the combined entity being listed on Nasdaq. Until the transaction closes, these new ticker symbols will represent FTAC Emerald's securities as a special purpose acquisition company (SPAC).
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) has announced a change in its ticker symbols, effective August 2, 2024. The company's Common Stock, Units, and Warrants will trade under the new symbols FLD, FLDU, and FLDW, respectively. This change follows the July 24, 2024 announcement of a business combination agreement between FTAC Emerald and Fold, Inc., a bitcoin financial services company. The combined entity is expected to be listed on Nasdaq, with the transaction anticipated to close in Q4 2024. Until the closure of this business combination, the new ticker symbols will represent FTAC Emerald's Class A common stock, units, and warrants.
Fold, a pioneering bitcoin financial services company, is set to go public through a merger with FTAC Emerald Acquisition Corp. (NASDAQ: EMLD). The deal values Fold at $365 million pre-money and is expected to close in Q4 2024. Fold offers a suite of bitcoin-powered financial products, including a market-leading bitcoin cashback debit card and merchant rewards.
Since its inception in 2019, Fold has processed over $2 billion in transaction volume and distributed over $45 million in bitcoin rewards. The company has partnerships with industry leaders like Visa, BitGo, and Marqeta. Post-transaction, Fold expects to have more than 1,000 BTC on its balance sheet. The merger aims to accelerate Fold's growth and expand its bitcoin-powered financial services offerings.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) announced that holders of its 24,869,342 IPO units can begin trading Class A common shares and warrants separately starting February 7, 2022. The remaining units will continue to trade under the symbol EMLDU, while the common shares and warrants will be listed under EMLD and EMLDW, respectively. Goldman Sachs & Co. LLC acted as the sole book-running manager for the offering. The registration statement was effective as of December 15, 2021, and this release does not constitute an offer to sell or buy the securities mentioned.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) announced the underwriter of its IPO exercised an option to purchase an additional 2,869,342 units at $10.00, generating approximately $28.7 million in gross proceeds. With this exercise, total units sold reached 24,869,342, leading to total gross proceeds of $248.7 million. Additionally, the company sold 86,081 private placement units to Emerald ESG Sponsor LLC for $860,810. The units consist of one share of Class A common stock and half a warrant, with separate trading expected under the symbols EMLD and EMLDW.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) successfully completed its IPO on December 16, 2021, raising $220 million by issuing 22 million units at $10 each. Each unit comprises one share of Class A common stock and one-half of a warrant. The Class A common stock and warrants will trade under the symbols 'EMLD' and 'EMLDW,' respectively, once separations occur. Goldman Sachs served as the sole book-running manager for the offering. No assurance is provided regarding the future use of proceeds, as various conditions may influence outcomes.
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