FTAC Emerald Acquisition Corp. Announces Correction to Change of Unit and Warrant Ticker Symbols Commencing August 2, 2024
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) ha annunciato una correzione al cambio di simbolo ticker precedentemente riportato. Dal 2 agosto 2024, le azioni ordinarie, le unità e i warrant della società verranno scambiati sotto i nuovi simboli FLD, FLDDU e FLDDW, rispettivamente. Questo aggiornamento segue l'annuncio recente di FTAC Emerald riguardo a un accordo di combinazione aziendale con Fold, Inc., una società di servizi finanziari bitcoin. La fusione è prevista per la chiusura nel quarto trimestre del 2024, con l'entità risultante che sarà quotata su Nasdaq. Fino alla chiusura della transazione, questi nuovi simboli ticker rappresenteranno i titoli di FTAC Emerald come una società di acquisizione a scopo speciale (SPAC).
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) ha anunciado una corrección al cambio de símbolo ticker previamente reportado. A partir del 2 de agosto de 2024, las acciones comunes, las unidades y los warrants de la empresa se negociarán bajo los nuevos símbolos FLD, FLDDU y FLDDW, respectivamente. Esta actualización sigue al anuncio reciente de FTAC Emerald sobre un acuerdo de combinación empresarial con Fold, Inc., una empresa de servicios financieros de bitcoin. Se espera que la fusión se cierre en el cuarto trimestre de 2024, con la entidad combinada que se listará en Nasdaq. Hasta que se cierre la transacción, estos nuevos símbolos ticker representarán los valores de FTAC Emerald como una compañía de adquisición de propósito especial (SPAC).
FTAC 에메랄드 인수 회사(NASDAQ: EMLD)는 이전에 보고된 티커 기호 변경에 대해 수정 사항을 발표했습니다. 2024년 8월 2일부터 회사의 보통주, 유닛 및 워런트는 각각 FLD, FLDDU 및 FLDDW라는 새로운 기호로 거래됩니다. 이 업데이트는 FTAC 에메랄드가 비트코인 금융 서비스 회사인 Fold, Inc.와의 비즈니스 조합 계약을 최근 발표한 데 따른 것입니다. 합병은 2024년 4분기에 마감될 것으로 예상되며, 결합된 실체는 나스닥에 상장될 예정입니다. 거래가 마감될 때까지 이러한 새로운 티커 기호는 특수 목적 인수 회사(SPAC)로서 FTAC 에메랄드의 증권을 나타냅니다.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) a annoncé une correction concernant le changement de symbole ticker précédemment rapporté. À partir du 2 août 2024, les actions ordinaires, les unités et les bons de souscription de la société seront négociés sous les nouveaux symboles FLD, FLDDU et FLDDW, respectivement. Cette mise à jour fait suite à l'annonce récente de FTAC Emerald concernant un accord de combinaison d'entreprise avec Fold, Inc., une société de services financiers en bitcoin. La fusion devrait se conclure au quatrième trimestre de 2024, entraînant la cotation de l'entité combinée sur le Nasdaq. Jusqu'à la conclusion de la transaction, ces nouveaux symboles ticker représenteront les titres de FTAC Emerald en tant que société d'acquisition à but spécial (SPAC).
Die FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) hat eine Korrektur zur zuvor gemeldeten Änderung des Tickersymbols bekannt gegeben. Ab dem 2. August 2024 werden die Stammaktien, Einheiten und Warrants des Unternehmens unter den neuen Symbolen FLD, FLDDU und FLDDW gehandelt. Dieses Update folgt auf die kürzliche Ankündigung von FTAC Emerald über einen Unternehmenszusammenschluss mit Fold, Inc., einem Unternehmen für Bitcoin-Finanzdienstleistungen. Die Fusion soll im 4. Quartal 2024 abgeschlossen werden, was dazu führen wird, dass die kombinierte Einheit an der Nasdaq notiert wird. Bis zum Abschluss der Transaktion werden diese neuen Tickersymbole die Wertpapiere von FTAC Emerald als Special Purpose Acquisition Company (SPAC) repräsentieren.
- Business combination agreement with Fold, Inc., a bitcoin financial services company
- Expected Nasdaq listing for the combined company post-merger
- None.
On July 24, 2024, FTAC Emerald and Fold, Inc. (“Fold”), a pioneering bitcoin financial services company, announced that it entered into a business combination agreement that is expected to result in the combined company being listed on the Nasdaq. The transaction continues to be expected to close in the fourth quarter of 2024. Prior to closing of the business combination with Fold, the ticker symbols FLD, FLDDU, and FLDDW will represent the Class A common stock, units and warrants, respectively, of FTAC Emerald, a special purpose acquisition company.
About Fold
Founded in 2019, Fold is a leading bitcoin financial services company dedicated to expanding access to bitcoin investment opportunities through premium financial products. By integrating bitcoin into everyday financial services, Fold aims to make the American Dream available to more people. For more information, visit https://foldapp.com/investors.
About FTAC Emerald Acquisition Corp.
FTAC Emerald is a special purpose acquisition company sponsored by Cohen Circle and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses with a core commitment to providing social, financial, and/or environmental value.
Important Information About the Proposed Business Combination and Where to Find It
This document relates to a proposed transaction between Fold and FTAC Emerald. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The parties intend to file a registration statement on Form S-4 with the SEC, which will include a document that serves as a prospectus and proxy statement of FTAC Emerald, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all FTAC Emerald stockholders. FTAC Emerald also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of FTAC Emerald are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.
Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by FTAC Emerald through the website maintained by the SEC at www.sec.gov. Alternatively, these documents, when available, can be obtained free of charge by directing a request to: FTAC Emerald Acquisition Corp., 2929 Arch Street, Suite 1703,
Participants in the Solicitation
Fold and FTAC Emerald and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from FTAC Emerald’s stockholders in connection with the proposed transaction. A list of the names of the directors and executive officers of FTAC Emerald and information regarding their interests in the business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws with respect to the proposed transaction between Fold and FTAC Emerald. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts regarding Fold’s business, net proceeds from the proposed transaction, potential benefits of the proposed transaction and the potential success of Fold’s market and growth strategies, and expectations related to the terms and timing of the proposed transaction. These statements are based on various assumptions and on the current expectations of FTAC Emerald and Fold’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of FTAC Emerald and Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) the risk that the proposed transaction may not be completed in a timely manner or at all; (ii) the risk that the proposed transaction may not be completed by FTAC Emerald 's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by FTAC Emerald; (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the approval of the proposed transaction by the stockholders of FTAC Emerald and the receipt of certain governmental and regulatory approvals; (iv) the failure to realize the anticipated benefits of the proposed transaction; (v) the effect of the announcement or pendency of the proposed transaction on Fold’s business relationships, performance, and business generally; (vi) the outcome of any legal proceedings that may be instituted against FTAC Emerald or Fold related to the business combination agreement or the proposed transaction; (vii) the ability to maintain the listing of FTAC Emerald’s securities on the NASDAQ; (viii) the ability to address the market opportunity for Fold’s products and services; (ix) the risk that the proposed transaction may not generate the expected net proceeds for the combined company; (x) the ability to implement business plans and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities; (xi) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (xii) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive industry in which Fold operates; and (xiii) those factors discussed in FTAC Emerald’s filings with the SEC under the headings “Risk Factors,” and other documents of FTAC Emerald filed, or to be filed, with the SEC. If any of these risks materialize or Fold’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither FTAC Emerald nor Fold presently know or that FTAC Emerald and Fold currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect FTAC Emerald’s and Fold’s expectations, plans or forecasts of future events and views as of the date of this press release. While FTAC Emerald and Fold may elect to update these forward-looking statements at some point in the future, each specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing FTAC Emerald’s and Fold’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240801494834/en/
Investor and Media Contacts
Fold: Fold@icrinc.com
FTAC Emerald: info@cohencircle.com
Source: Fold and FTAC Emerald Acquisition Corp.
FAQ
What are FTAC Emerald Acquisition Corp's (EMLD) new ticker symbols starting August 2, 2024?
When is FTAC Emerald Acquisition Corp's (EMLD) business combination with Fold expected to close?
What type of company is Fold, FTAC Emerald Acquisition Corp's (EMLD) merger partner?
Where will the combined company of FTAC Emerald (EMLD) and Fold be listed after the merger?
