secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001013762-23-004123
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000101376223004123/0001013762-23-004123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000101376223004123/ea186818-8k_ftacemerald.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-004123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer