FTAC Emerald Acquisition Corp. Announces Change of Ticker Symbol of Its Common Stock Commencing December 18, 2024
FTAC Emerald Acquisition Corp (NASDAQ: FLD) announced a ticker symbol change for its Common Stock to FLDD, effective December 18, 2024. As part of a procedural measure due to Nasdaq timing requirements, trading will temporarily transition to OTC Markets. This change won't affect the ongoing business combination with Fold, a bitcoin financial services company. The merger, unanimously approved by both boards, is expected to close in Q1 2025, resulting in relisting on Nasdaq.
The business combination remains subject to regulatory approvals, FTAC Emerald stockholder approval, and other customary closing conditions, including SEC Form S-4 effectiveness. Both companies' leadership expressed commitment to the merger, with Fold's CEO highlighting positive responses from shareholders and customers.
FTAC Emerald Acquisition Corp (NASDAQ: FLD) ha annunciato un cambiamento del simbolo di ticker per le sue azioni comuni in FLDD, a partire dal 18 dicembre 2024. Come parte di una misura procedurale dovuta ai requisiti temporali di Nasdaq, il trading passerà temporaneamente a OTC Markets. Questa modifica non influenzerà la combinazione commerciale in corso con Fold, una società di servizi finanziari in bitcoin. La fusione, approvata all'unanimità da entrambe le direzioni, prevede di chiudere nel primo trimestre del 2025, con successivo ritorno in Nasdaq.
La combinazione commerciale è comunque soggetta ad approvazioni regolamentari, approvazione degli azionisti di FTAC Emerald e altre condizioni di chiusura consuete, tra cui l'efficacia del modulo SEC S-4. I leader di entrambe le aziende hanno espresso un impegno per la fusione, con il CEO di Fold che ha sottolineato le risposte positive da parte degli azionisti e dei clienti.
FTAC Emerald Acquisition Corp (NASDAQ: FLD) anunció un cambio en el símbolo del ticker de sus acciones ordinarias a FLDD, que entrará en vigor el 18 de diciembre de 2024. Como parte de una medida procedural debido a los requisitos temporales de Nasdaq, la negociación se trasladará temporalmente a OTC Markets. Este cambio no afectará la combinación empresarial en curso con Fold, una empresa de servicios financieros de bitcoin. La fusión, aprobada unánimemente por ambas juntas, se espera que se cierre en el primer trimestre de 2025, resultando en una nueva cotización en Nasdaq.
La combinación empresarial sigue sujeta a aprobaciones regulatorias, la aprobación de los accionistas de FTAC Emerald y otras condiciones de cierre habituales, incluyendo la efectividad del formulario SEC S-4. Los líderes de ambas compañías han expresado su compromiso con la fusión, destacando el CEO de Fold la respuesta positiva de los accionistas y clientes.
FTAC Emerald Acquisition Corp (NASDAQ: FLD)가 2024년 12월 18일부터 자사의 보통주 티커 기호를 FLDD로 변경한다고 발표했습니다. Nasdaq의 시간 요건에 따른 절차적인 조치의 일환으로, 거래는 일시적으로 OTC Markets로 전환됩니다. 이 변화는 비트코인 금융 서비스 회사인 Fold와의 진행 중인 사업 조합에는 영향을 미치지 않습니다. 양사 이사회가 만장일치로 승인한 합병은 2025년 1분기에 완료될 것으로 예상되며, 이후 Nasdaq에 다시 상장될 것입니다.
사업 조합은 규제 승인, FTAC Emerald 주주 승인 및 SEC S-4 양식의 유효성을 포함한 기타 일반적인 종료 조건에 따라 계속하여 주어져야 합니다. 양사 리더십은 합병에 대한 의지를 표현했으며, Fold의 CEO는 주주와 고객으로부터 긍정적인 반응을 강조했습니다.
FTAC Emerald Acquisition Corp (NASDAQ: FLD) a annoncé un changement du symbole de ticker de ses actions ordinaires en FLDD, effectif le 18 décembre 2024. Dans le cadre d'une mesure procédurale due aux exigences de timing de Nasdaq, le trading sera temporairement transféré à OTC Markets. Ce changement n'affectera pas la combinaison d'affaires en cours avec Fold, une société de services financiers en bitcoins. La fusion, approuvée à l'unanimité par les deux conseils d'administration, devrait être finalisée au premier trimestre de 2025, entraînant un nouvel enregistrement sur Nasdaq.
La combinaison d'affaires reste soumise à des approbations réglementaires, à l'approbation des actionnaires de FTAC Emerald et à d'autres conditions de clôture habituelles, y compris l'efficacité du formulaire SEC S-4. Les dirigeants des deux entreprises ont exprimé leur engagement envers la fusion, le PDG de Fold soulignant les réponses positives des actionnaires et des clients.
FTAC Emerald Acquisition Corp (NASDAQ: FLD) gab bekannt, dass das Tickersymbol für ihre Stammaktien ab dem 18. Dezember 2024 auf FLDD geändert wird. Im Rahmen eines verfahrenstechnischen Schrittes aufgrund der Zeitvorgaben von Nasdaq wird der Handel vorübergehend auf OTC Markets umgestellt. Diese Änderung wird die laufende Unternehmensfusion mit Fold, einem Unternehmen für Finanzdienstleistungen im Bitcoin-Bereich, nicht beeinträchtigen. Die Fusion, die einstimmig von beiden Vorständen genehmigt wurde, wird voraussichtlich im ersten Quartal 2025 abgeschlossen, wodurch eine Rücklistung an die Nasdaq erfolgt.
Die Unternehmensfusion unterliegt weiterhin den Genehmigungen durch die Regulierungsbehörden, der Genehmigung der Aktionäre von FTAC Emerald und anderen üblichen Abschlussbedingungen, einschließlich der Wirksamkeit des SEC-Formulars S-4. Die Führungskräfte beider Unternehmen haben ihr Engagement für die Fusion zum Ausdruck gebracht, wobei der CEO von Fold die positiven Rückmeldungen von Aktionären und Kunden hervorhob.
- Planned relisting on Nasdaq after business combination completion
- Unanimous board approval from both companies for the merger
- On track for Q1 2025 business combination closing
- Temporary delisting from Nasdaq to OTC Markets
- Transaction completion subject to multiple regulatory and shareholder approvals
Insights
As Part of a Procedural Measure due to a Timing Requirement from Nasdaq, Trading is Expected to Temporarily Transition to OTC Markets and, Upon Consummation of the Business Combination, will Relist on Nasdaq
As anticipated as a procedural measure due to a timing requirement by Nasdaq, FTAC Emerald’s common stock, units, and warrants are expected to transition from Nasdaq to OTC Markets. The new ticker symbol will ensure uninterrupted market activity for shareholders. FTAC Emerald’s ongoing business combination agreement with Fold, a pioneering bitcoin financial services company, will be unaffected by the transition of trading venue.
Bracebridge (Brace) Young, Jr., President and CEO of FTAC Emerald, commented, “FTAC Emerald and Fold remain committed to our business combination. This transition of trading to the OTC Market is a procedural measure that was anticipated, and we expect Fold to trade on the Nasdaq once again at the close of the transaction.”
Will Reeves, CEO of Fold, said, “This transaction continues to represent a significant step forward in fulfilling Fold’s mission to expand access to premium bitcoin financial services and empower individuals to achieve their dreams. The response to our proposed go-public transaction from both shareholders and customers has been overwhelmingly positive and we look forward to completing the business combination and trading on Nasdaq early in 2025.”
The business combination, which has been unanimously approved by the boards of directors of both FTAC Emerald and Fold, is expected to close in the first quarter of 2025, subject to regulatory approvals, approval of the proposed transaction by the stockholders of FTAC Emerald, and the satisfaction or waiver of other customary closing conditions, including a registration statement on Form S-4 being declared effective by the Securities and Exchange Commission (the “SEC”).
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 first quarter of 2025.
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 have filed a registration statement on Form S-4 with the SEC, which includes 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 document 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; (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 document. 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 document. Accordingly, undue reliance should not be placed upon the forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241216808185/en/
Investor and Media Contacts
Fold: Fold@icrinc.com
FTAC Emerald: info@cohencircle.com
Source: Fold, Inc. and FTAC Emerald Acquisition Corp.
FAQ
When will FTAC Emerald (FLD) change its ticker symbol to FLDD?
Why is FLD moving from Nasdaq to OTC Markets?
When is the FTAC Emerald-Fold business combination expected to close?
Will FLD return to Nasdaq after the Fold merger?
What approvals are needed for the FLD-Fold merger to complete?
