FTAC Emerald extends business combination deadline to Jan 19, 2024; ~$96.8M redeemed

Fold Holdings, Inc.

Stockholders approved extension of initial business combination deadline from Sep 20, 2023 to Jan 19, 2024 (or earlier at Board's discretion).
9,239,192 Public Shares redeemed at ~$10.4762/share for aggregate ~$96.8M; 15,630,150 Public Shares remain outstanding.
Sponsors converted all Class B shares to Class A common stock on a one-for-one basis, but waived rights to trust proceeds.
Trust agreement amended to allow liquidation on or before Jan 19, 2024, or earlier date if Board determines.

item 1.01 item 5.03 item 5.07 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fold Holdings, Inc.: Stockholders approved an amendment to the articles of incorporation.

Change: charter amendment

Exact text from the filing

At the Meeting, the Company’s stockholders approved the Charter Amendment

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

Fold Holdings, Inc. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-09-19).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-09-19

Exact text from the filing

and (B) an amendment (the “Trust Amendment”) to the Company’s Investment Management Trust Agreement dated December 15, 2021, with Continental Stock Transfer & Trust Company, as trustee (the “Trust Agreement”),

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13 governance changes filed in the last 30 days. Browse all governance changes →

Fold Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-079135

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