FTAC Emerald enters Non-Redemption Agreements to retain 1M shares, extend deadline to Jan 19, 2024

Fold Holdings, Inc.

Entered Non-Redemption Agreements with unaffiliated third parties not to redeem 1,000,000 public shares.
In exchange, each investor receives 62,500 Class A shares at consummation of initial business combination.
Agreements aim to increase funds remaining in trust after shareholder vote on extension to Jan 19, 2024.
Meeting scheduled Sept 14, 2023 to approve extension from Sept 20, 2023 to Jan 19, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fold Holdings, Inc. entered into Non-Redemption Agreements with one or more unaffiliated third parties (effective 2023-09-07).

Action: entry
Counterparty: one or more unaffiliated third parties
Effective: 2023-09-07

Exact text from the filing

On September 7, 2023, FTAC Emerald Acquisition Corp. (the “Company”) entered into one or more agreements (the “Non-Redemption Agreements”) with one or more unaffiliated third parties in exchange for them each agreeing not to redeem an aggregate of 1,000,000 shares of the Company’s Class A common stock

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38 material agreements filed in the last 30 days. Browse all material agreements →

Fold Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-074811

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