FTAC Emerald Acquisition Corp.
FLDD
NASDAQ Global Market6.01
USD
- -
- -
CIK
0001889123
ISIN
US29103K1007
CUSIP
29103K100
Return %
Stock
S&P500
1Y
-47.19
15.98
3Y
-47.19
62.25
5Y
-47.19
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Bracebridge Hemyng Young Jr.
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- Philadelphia United States of America
- IPO Date
- Feb 9, 2022
- CIK
- 0001889123
- Similar Companies
- Business
- FTAC Emerald Acquisition Corp. is a special purpose acquisition company (SPAC) headquartered in Philadelphia, Pennsylvania, and listed on the NASDAQ Global Market. It is sponsored by Cohen Circle and formed with the primary business purpose of effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with entities committed to delivering social, financial, and environmental value. The company itself does not have significant standalone operations. In early 2025, FTAC Emerald Acquisition Corp. completed a major business combination with Fold, Inc., a pioneering bitcoin financial services company founded in 2019. Fold operates in the bitcoin financial services industry, providing bitcoin integration into everyday financial products aimed at expanding access to bitcoin investment opportunities. Fold's offerings include premium bitcoin financial products enabling consumers to incorporate bitcoin into their financial activities, targeting the U.S. market. As part of the business combination concluded in February 2025, FTAC Emerald Acquisition Corp. renamed itself Fold Holdings, Inc. The newly combined entity trades on Nasdaq under the ticker symbols FLD (Class A common stock) and FLDDW (warrants). This transaction marked a strategic expansion for FTAC Emerald, transitioning from a SPAC shell to an operating company with an active product portfolio in the cryptocurrency finance sector. The merger included a proxy statement/prospectus filing with the SEC and shareholder approval processes in early 2025. Before the merger, FTAC Emerald Acquisition Corp. raised capital through its IPO and subsequent sales of private placement units, totaling gross proceeds in excess of $248 million to fund its business combination pursuits. Post-merger, Fold Holdings, Inc. focuses on bitcoin financial services, leveraging Fold's established product base and user engagement platforms within the U.S. market, positioning itself as a leading innovator in bitcoin investment access and financial services integration. The company emphasizes its commitment to social and financial value creation following the merger. In summary, FTAC Emerald Acquisition Corp., originally a SPAC, transformed into Fold Holdings, Inc. in 2025 through a business combination with Fold, Inc., now providing bitcoin financial services primarily in the United States, with products centered on bitcoin investment and financial integration. This transaction constitutes its latest significant corporate development and strategic shift in operations and market focus. Headquarters remain in Philadelphia, Pennsylvania. The company targets individual consumers and investors with bitcoin-related financial products and services.