{"schema_version":"secwatch.filing_event.v1","accession":"0001013762-24-001152","form_type":"8-K","ticker":"FLD","cik":"0001889123","company_name":"Fold Holdings, Inc.","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.113864+00:00","generated_at":"2026-05-31T16:23:01.431146+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"FTAC Emerald (EMLD) to merge with Fold in all-stock deal; $365M pre-money valuation with Bitcoin-linked earnout","bullets":["FTAC Emerald (EMLD) will acquire Fold, Inc. via merger; consideration is all FTAC Class A common stock.","Fold's pre-money equity value set at $365M; additional up to $54.75M if Bitcoin 60-day VWAP prior to close exceeds $90,000.","Sponsors forfeit all warrants; ~5.3M founder shares subject to time/price-based restrictions; up to 1M forfeited if post-close raise <$50M.","Closing conditions include HSR clearance, NASDAQ listing, stockholder approvals, and net tangible assets ≥ $5,000,001.","Merger must close by Jan 24, 2026; sponsor and Fold stockholder support agreements in place."],"urls":{"canonical":"https://secwatch.observer/filing/0001013762-24-001152","json":"https://secwatch.observer/filing/0001013762-24-001152.json","markdown":"https://secwatch.observer/filing/0001013762-24-001152.md","text":"https://secwatch.observer/filing/0001013762-24-001152.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1889123/000101376224001152/0001013762-24-001152-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1889123/000101376224001152/ea0209951-8k425_ftac.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:23:01.431146+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}