---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-004123"
form_type: "8-K"
ticker: "FLD"
cik: "0001889123"
company_name: "Fold Holdings, Inc."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:38:08.702848+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# FTAC Emerald increases sponsor promissory note cap to $3.0M from $1.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001013762-23-004123
- form_type: 8-K
- ticker: FLD
- cik: 0001889123
- company_name: Fold Holdings, Inc.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889123/000101376223004123/0001013762-23-004123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889123/000101376223004123/ea186818-8k_ftacemerald.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-004123
- JSON: https://secwatch.observer/filing/0001013762-23-004123.json
- Plain text: https://secwatch.observer/filing/0001013762-23-004123.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1889123/000101376223004123/0001013762-23-004123-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.