Brief: Fold To Go Public As The First Pureplay Financial Services Company Powered By Bitcoin

Fold Holdings

24/07/2024 13:44

July 24 (Reuters) - FTAC Emerald Acquisition Corp
 EMLD.O :
    * FOLD TO GO PUBLIC AS THE FIRST PUREPLAY FINANCIAL SERVICES
COMPANY POWERED BY BITCOIN
    * FOLD TO GO PUBLIC VIA BUSINESS COMBINATION WITH FTAC
EMERALD
    * TRANSACTION IMPLIES A PRE-MONEY EQUITY VALUATION FOR FOLD
OF
$365 MILLION
    * COMBINED CO TO REMAIN LISTED ON NASDAQ POST-TRANSACTION
    * FOLD TRANSACTION EXPECTED TO CLOSE IN Q4 2024
    * FOLD STOCKHOLDERS TO OWN ABOUT 71% OF COMBINED CO
POST-TRANSACTION

Source text for Eikon:  ID:nBw2GMs2Ta 
Further company coverage:  EMLD.O 

 ((Reuters.Briefs@thomsonreuters.com;))