FTAC Emerald secures $550K funding from Polar, postpones special meeting to Jan 19

Fold Holdings, Inc.

Subscription agreement with Polar Multi-Strategy Master Fund for up to $550K in capital contributions.
Initial capital call of $350K within 5 business days; second call of $200K possible by April 1, 2024.
Repayment at closing: 1 share per $10 funded or cash; default triggers 0.1 shares per dollar funded.
Special meeting postponed from Jan 16 to Jan 19, 2024 for votes on extension amendments.
No change to record date, proposals, or location; stockholders who voted need not vote again.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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 Subscription Agreement with Polar Multi-Strategy Master Fund valued at up to $550,000 (effective 2024-01-03).

Action: entry
Agreement: equity purchase
Counterparty: Polar Multi-Strategy Master Fund
Value: up to $550,000
Effective: 2024-01-03

Exact text from the filing

On January 3, 2024, FTAC Emerald Acquisition Corp. (the “Company”) entered into a subscription agreement with Polar Multi-Strategy Master Fund (“Polar”), Emerald ESG Sponsor LLC (“ESG Sponsor”), Emerald ESG Advisors, LLC (“ESG Advisors”) and Emerald ESG Funding, LLC (“ESG Funding” and collectively with ESG Sponsor and ESG Advisors, the “Sponsors”), to cover working capital requirements of the Company and costs related to a possible extension of the Company’s trust liquidation date (the “Subscription Agreement”).

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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 0001213900-24-001888

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