secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001213900-24-063749
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000121390024063749/0001213900-24-063749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000121390024063749/ea0209899-8k425_ftac.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-063749

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer