FTAC Emerald Acquisition Corp. Shareholders Approve Proposed Business Combination with Fold, Inc.
FTAC Emerald Acquisition Corp. (OTC: FLDD) shareholders have approved all proposals for the planned business combination with Fold, Inc., a bitcoin financial services company. The merger is expected to close around February 14, 2025. Following the completion, the combined entity will be renamed to Fold Holdings, Inc. and will transition its trading from OTC to Nasdaq under the new ticker symbols 'FLD' for common stock and 'FLDDW' for warrants. A Form 8-K detailing the complete voting results will be filed with the SEC.
FTAC Emerald Acquisition Corp. (OTC: FLDD) ha ottenuto l'approvazione da parte degli azionisti per tutte le proposte relative alla prevista fusione con Fold, Inc., una società di servizi finanziari in bitcoin. Si prevede che la fusione si concluda intorno al 14 febbraio 2025. Dopo il completamento, l'entità combinata sarà rinominata Fold Holdings, Inc. e passerà dalla negoziazione OTC al Nasdaq con i nuovi simboli ticker 'FLD' per le azioni ordinarie e 'FLDDW' per i warrant. Un modulo 8-K contenente i risultati completi del voto sarà presentato alla SEC.
FTAC Emerald Acquisition Corp. (OTC: FLDD) ha aprobado todas las propuestas para la combinación de negocios planificada con Fold, Inc., una empresa de servicios financieros en bitcoin. Se espera que la fusión se cierre alrededor del 14 de febrero de 2025. Tras la finalización, la entidad combinada se renombrará como Fold Holdings, Inc. y cambiará su negociación de OTC a Nasdaq bajo los nuevos símbolos de ticker 'FLD' para acciones ordinarias y 'FLDDW' para warrants. Se presentará un Formulario 8-K que detalla los resultados completos de la votación a la SEC.
FTAC Emerald Acquisition Corp. (OTC: FLDD)의 주주들은 Fold, Inc.와의 예정된 사업 결합을 위한 모든 제안을 승인했습니다. 비트코인 금융 서비스 회사입니다. 합병은 2025년 2월 14일경에 마감될 것으로 예상됩니다. 완료 후, 결합된 법인은 Fold Holdings, Inc.로 이름이 변경되며, OTC에서 Nasdaq으로 거래를 전환하고 새로운 티커 기호 'FLD'로 보통주, 'FLDDW'로 워런트를 거래합니다. 전체 투표 결과를 자세히 설명하는 8-K 양식이 SEC에 제출될 예정입니다.
FTAC Emerald Acquisition Corp. (OTC: FLDD) a approuvé toutes les propositions pour la combinaison d'affaires prévue avec Fold, Inc., une entreprise de services financiers en bitcoin. La fusion devrait se conclure autour du 14 février 2025. Après la finalisation, l'entité combinée sera renommée Fold Holdings, Inc. et passera de la négociation OTC au Nasdaq sous les nouveaux symboles boursiers 'FLD' pour les actions ordinaires et 'FLDDW' pour les bons de souscription. Un formulaire 8-K détaillant les résultats complets du vote sera déposé auprès de la SEC.
FTAC Emerald Acquisition Corp. (OTC: FLDD) hat alle Vorschläge für die geplante Unternehmensfusion mit Fold, Inc., einem Unternehmen für bitcoin Finanzdienstleistungen, genehmigt. Die Fusion wird voraussichtlich um den 14. Februar 2025 abgeschlossen sein. Nach Abschluss wird die kombinierte Einheit in Fold Holdings, Inc. umbenannt und wird ihren Handel von OTC zu Nasdaq unter den neuen Tickersymbolen 'FLD' für Stammaktien und 'FLDDW' für Warrants verlagern. Ein Formular 8-K, das die vollständigen Abstimmungsergebnisse detailliert, wird bei der SEC eingereicht.
- Approval of SPAC merger by shareholders
- Uplisting from OTC to Nasdaq exchange
- Strategic entry into bitcoin financial services sector
- None.
The closing of the Business Combination is anticipated to occur on or about February 14, 2025. As previously announced, upon closing, the combined company will be renamed “Fold Holdings, Inc.” and its common stock and warrants are expected to begin trading on Nasdaq under the ticker symbols “FLD” and “FLDDW,” respectively.
A current report on Form 8-K disclosing the full voting results will be filed by FTAC with the Securities and Exchange Commission (the “SEC”).
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.
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 Business Combination. Forward-looking statements may be identified by the use of words such as “may,” “could,” “would,” “should,” “predict,” “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “potential,” “continue,” “ongoing” or the negative or plural of these words, 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 Business Combination, potential benefits of the Business Combination and the potential success of Fold’s market and growth strategies, and expectations related to the terms and timing of the Business Combination. These statements are based on various assumptions and on the current expectations of FTAC 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 and Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the failure to realize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers, providers and business partners and retain its management and key employees; (iii) the effect of the consummation of the Business Combination on Fold’s business relationships, performance, and business generally; (iv) the outcome of any legal proceedings that may be instituted against FTAC or Fold related to the Business Combination; (v) the ability to meet Nasdaq listing standards following the consummation of the Business Combination; (vi) the ability to address the market opportunity for Fold’s products and services; (vii) the costs related to the Business Combination and risk that the Business Combination may not generate the expected net proceeds for the combined company; (viii) the ability to implement business plans and other expectations after the completion of the Business Combination, and identify and realize additional opportunities; (ix) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive industry in which Fold operates; and (x) those factors discussed in FTAC’s filings with the SEC, including the proxy statement/prospectus filed on January 24, 2025 related to the Business Combination, under the heading “Risk Factors,” and other documents of FTAC 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 nor Fold presently know or that FTAC and Fold currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. In addition, forward-looking statements reflect FTAC’s and Fold’s expectations, plans or forecasts of future events and views as of the date of this press release. While FTAC 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’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/20250213695651/en/
Investor and Media Contacts
Fold: Fold@icrinc.com
FTAC Emerald: info@cohencircle.com
Source: Fold, Inc. and FTAC Emerald Acquisition Corp.
FAQ
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