other material
confidence high
sentiment negative
materiality 0.75
FTAC Emerald Nasdaq delisting confirmed; stockholder vote extends SPAC deadline to Dec 2025
Fold Holdings, Inc.
- Stockholders approved extension of business combination deadline to December 20, 2025.
- Nasdaq will suspend trading of FLDD, FLDDU, FLDDW at open on Dec 24, 2024; OTC trading expected.
- Holders of 112,068 Public Shares redeemed for ~$1.23M (~$11.02/share), leaving 4.65M shares outstanding.
- Business combination with Fold, bitcoin financial services company, expected to close Q1 2025.
- Common stock ticker changed to FLDD effective Dec 18, 2024.