Fold, Inc. Reschedules Special Meeting for Business Merger
Fold, Inc. and FTAC Emerald: A New Date for the Special Meeting
Fold, Inc., a leader in bitcoin financial services, has announced a new date for the special meeting concerning its business combination with FTAC Emerald Acquisition Corp (OTC: FLDD). This meeting is now set for February 13, 2025, a crucial step for both companies as they seek stockholder approval for the merger.
Details of the Business Combination
The merger aims to create a stronger entity poised to expand bitcoin investment opportunities. Following approval, the newly formed company will be known as "Fold Holdings, Inc.". Trading is also expected to commence on Nasdaq under the ticker symbols "FLD" and "FLDDW." This transition represents Fold's strategy of integrating bitcoin into financial services, ultimately bringing new options to the market.
Voting & Participation in the Special Meeting
FTAC has provided a Proxy Statement/Prospectus to its stockholders, detailing the necessary steps for participating in the upcoming meeting. Knowing how to vote and the significance of their participation is essential for stockholders. The Company urges its investors to read through this prospectus in detail, as it contains vital information about the merger and the implications for their investments.
Deadline for Redemption Rights
Stockholders are reminded that the deadline to exercise redemption rights in connection with the Business Combination was February 10, 2025, at 12:00 p.m. ET. For assistance with the voting process or any inquiries, stockholders can reach out to FTAC’s proxy solicitor, Sodali & Co. This highlights the importance of being well-informed and prepared ahead of the special meeting.
Understanding Fold, Inc.
Founded in 2019, Fold is committed to making bitcoin accessible to more people by offering premium financial products integrated with bitcoin features. Their ultimate goal is to broaden the avenues for investment within the cryptocurrency domain, making financial growth achievable for a wider audience. By aligning traditional financial services with innovative bitcoin solutions, Fold promises to deliver unique experiences tailored to modern financial needs.
About FTAC Emerald Acquisition Corp.
FTAC Emerald is a special purpose acquisition company designed to lead a merger or similar business combination that prioritizes social and environmental value. This focus reflects the current demand for socially responsible investments and underlines FTAC's commitment to long-term sustainable growth.
The Importance of the Business Combination
This merger between Fold and FTAC Emerald isn't just another business transaction; it represents a pivotal moment for the future of bitcoin investment and financial innovation. By joining forces, these companies aim to attract a diverse group of investors interested in the burgeoning field of cryptocurrency-based financial services.
This partnership is particularly significant against the backdrop of growing public interest in digital currencies. It offers an exciting opportunity for Fold to grow its brand and expand its product offerings, thus catering to the diverse investment needs of its growing customer base. As the merged entity takes shape, more information and updates will undoubtedly become available, keeping stakeholders engaged and informed.
Frequently Asked Questions
What is the new date for the special meeting?
The special meeting is rescheduled for February 13, 2025.
What will the merged company be called?
The combined entity will be named "Fold Holdings, Inc.".
What stock ticker symbols will the new company use?
It is expected to trade under the ticker symbols "FLD" and "FLDDW.".
Who can participate in the voting?
FTAC's stockholders are encouraged to vote and participate in the special meeting.
What is Fold, Inc.'s mission?
Fold aims to broaden access to bitcoin investment opportunities through innovative financial products.
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