Fold Holdings, Inc. (FLD): debt financing — FTAC Emerald increases sponsor promissory note cap to $3.0M from $1.5M

Fold Holdings, Inc.

Maximum principal amount raised to $3,000,000 under amended promissory note dated Oct 16, 2023.
Original note from Jan 13, 2023 was $1,500,000; $1.5M had been borrowed as of Sept 30, 2023.
Lender is sponsor Emerald ESG Sponsor, LLC; all other terms unchanged.
Maturity tied to consummation of initial business combination; no repayment if SPAC liquidates.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Fold Holdings, Inc. amended loan of from $1,500,000 to $3,000,000 with Emerald ESG Sponsor, LLC.

Instrument: loan
Principal: from $1,500,000 to $3,000,000
Counterparty: Emerald ESG Sponsor, LLC
Event: amendment

Exact text from the filing

On October 16, 2023, the Company and the Lender amended the Promissory Note to increase the aggregate principal amount of the Promissory Note from $1,500,000 to $3,000,000.

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Fold Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-004123

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