secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001213900-23-079135
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000121390023079135/0001213900-23-079135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000121390023079135/ea185490-8k_ftacemerald.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-079135

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