FTAC Emerald Acquisition Corp.
FLDDU
NASDAQ Global Market12.00
USD
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FTAC Emerald Acquisition Corp.
FLDDU
(NASDAQ Global Market)
Recent
price
12.00
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- FTAC Emerald Acquisition Corp. (FLDDU) operates as a blank check company, or special purpose acquisition company, focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, particularly in sectors such as clean and renewable energy, water sustainability, agricultural technology, shared economy software and mobility; it offers no current products or services beyond its capital-raising structure, which includes Class A ordinary shares, redeemable warrants and units comprising one share and one-half warrant, held in trust for deployment post-combination. Founded in 2021 and headquartered at 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania, the company targets high-growth private entities and maintains operations primarily in the United States. In a major development, shareholders approved a definitive business combination with Fold Inc., a bitcoin financial services provider, on February 13, 2025, with closing anticipated around February 14, 2025, after which the entity will rename to Fold Holdings Inc. and trade common stock under FLD and warrants under FLDDW on Nasdaq; this reverse merger, initially announced in July 2024 with a pre-money valuation of $365 million for Fold, follows SEC effectiveness of the S-4 registration in January 2025 and multiple deadline extensions into early 2025.