---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-094203"
form_type: "8-K"
ticker: "FLD"
cik: "0001889123"
company_name: "Fold Holdings, Inc."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:22:09.113162+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-094203
- form_type: 8-K
- ticker: FLD
- cik: 0001889123
- company_name: Fold Holdings, Inc.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889123/000121390024094203/0001213900-24-094203-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889123/000121390024094203/ea0219866-8k425_ftac.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-094203
- JSON: https://secwatch.observer/filing/0001213900-24-094203.json
- Plain text: https://secwatch.observer/filing/0001213900-24-094203.txt

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