---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-063749"
form_type: "8-K"
ticker: "FLD"
cik: "0001889123"
company_name: "Fold Holdings, Inc."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:14:00.516386+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fold to go public via merger with SPAC FTAC Emerald at $365M pre-money valuation

## Summary
- Pre-money equity valuation of $365M; Fold stockholders expected to own ~71% of combined company.
- Fold holds over 1,000 BTC in treasury; has distributed over $45M in bitcoin rewards since 2019.
- Transaction expected to close in Q4 2024, subject to regulatory and stockholder approvals.
- Existing Fold stockholders subject to 6-month lock-up; early release if stock price >$12 for 20 of 30 trading days after 90 days post-close.

## SEC filing metadata
- accession: 0001213900-24-063749
- form_type: 8-K
- ticker: FLD
- cik: 0001889123
- company_name: Fold Holdings, Inc.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889123/000121390024063749/0001213900-24-063749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889123/000121390024063749/ea0209899-8k425_ftac.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-063749
- JSON: https://secwatch.observer/filing/0001213900-24-063749.json
- Plain text: https://secwatch.observer/filing/0001213900-24-063749.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.