---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-090808"
form_type: "8-K"
ticker: "FLD"
cik: "0001889123"
company_name: "Fold Holdings, Inc."
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:08:33.084406+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# FTAC Emerald secures up to $2M promissory note from sponsor affiliate, $65K drawn

## Summary
- Non-interest-bearing note from Frontier SPV, LLC (affiliate of sponsor) with $2M maximum principal.
- Initial draw of $65,000 on October 25, 2024; entire principal due upon consummation of initial business combination.
- If no business combination occurs, repayment is limited to funds outside trust; unpaid balance is forgiven.
- Note holders waive all claims against trust account; no conversion into equity or warrants.
- Loan supports working capital while SPAC pursues proposed merger with Fold, Inc.

## SEC filing metadata
- accession: 0001213900-24-090808
- form_type: 8-K
- ticker: FLD
- cik: 0001889123
- company_name: Fold Holdings, Inc.
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889123/000121390024090808/0001213900-24-090808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889123/000121390024090808/ea0218679-8k425_ftac.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-090808
- JSON: https://secwatch.observer/filing/0001213900-24-090808.json
- Plain text: https://secwatch.observer/filing/0001213900-24-090808.txt

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