FTAC Emerald Acquisition (NASDAQ:EMLDU) Announces Agreement with Fold, Inc. for Merger

FTAC Emerald Acquisition Corp. (NASDAQ:EMLDU) disclosed in an 8-K filing on January 27, 2025, that it has entered into an Agreement and Plan of Merger with Fold, Inc. The merger agreement involves FTAC Emerald, EMLD Merger Sub Inc., a subsidiary of FTAC Emerald, and Fold.

Under the terms of the agreement, Merger Sub will merge with Fold, with Fold surviving the merger as a fully-owned subsidiary of FTAC Emerald. This proposed merger between FTAC Emerald and Fold, along with other outlined transactions, is expected to significantly impact both entities.

The filing included an investor presentation, labeled Exhibit 99.1, which will be utilized by FTAC Emerald and Fold for presentations to current and potential stockholders regarding the proposed transactions. The information detailed in this presentation is furnished and will not be deemed filed for Securities Exchange Act, nor will it be subject to any liabilities under that section.

In connection with these transactions, a registration statement on Form S-4 has been filed with the SEC and deemed effective as of January 23, 2025. This includes a proxy statement and prospectus for FTAC Emerald, to be distributed to existing shareholders ahead of a meeting to approve the proposed transactions and other associated matters.

Investors and stakeholders can access all relevant documents, including the registration statement, proxy statement/prospectus, and other related filings, through the SEC’s website or by requesting copies from FTAC Emerald Acquisition Corp.

The filing also outlined FTAC Emerald as an emerging growth company, noting that it has chosen not to use the extended transition period for compliance with new financial accounting standards. The forward-looking statements included in the filing are subject to various risks and uncertainties, such as the potential failure to realize anticipated benefits, market conditions, and regulatory changes.

Additionally, the filing confirmed that the registrant has duly signed the report on behalf of FTAC Emerald Acquisition Corp., with Bracebridge H. Young, Jr. serving as the President and Chief Executive Officer.

For further details on the financial statements and associated exhibits, investors can refer to the original 8-K filing on the SEC’s website.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read FTAC Emerald Acquisition’s 8K filing here.

About FTAC Emerald Acquisition

FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.