FTAC Emerald borrows $973K via promissory note to pay excise tax liability

Fold Holdings, Inc.

Issued $973,116.44 promissory note to Frontier SPV, LLC (affiliate of sponsor) to satisfy excise tax.
Note is non-interest bearing; principal due upon consummation of a business combination.
If no business combination occurs, unpaid amounts may be forgiven; trust account proceeds cannot be used.
Borrowing is a short-term obligation related to the pending merger with Fold, Inc.

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