Fold, Inc. Completes Registration for Upcoming Business Merger

Fold, Inc. and FTAC Emerald Acquisition Corp. Business Combination Update

In a significant step forward, Fold, Inc. has received pivotal approval for its merger with FTAC Emerald Acquisition Corp., a special purpose acquisition company. The Securities and Exchange Commission (SEC) has declared effective a Registration Statement on Form S-4, marking a crucial milestone for this innovative business combination.

Registration Statement Highlights

This Registration Statement contains detailed insights about Fold and FTAC, focusing on the structure and future objectives of this partnership. Expected to finalize soon, the Business Combination is designed to position both companies at the forefront of the bitcoin financial services industry, following a series of regulatory requirements and shareholder approvals.

Details of the Special Meeting

FTAC has officially scheduled a special meeting for its stockholders to vote on the proposals related to this Business Combination. This meeting is set to take place shortly, and stockholders are encouraged to participate actively in the decision-making process. The materials pertaining to the meeting, including a comprehensive Proxy Statement/Prospectus, have been sent to stockholders to ensure they are well-informed before casting their votes.

Completion Timeline

Once approved, the Merger is anticipated to close shortly after the Special Meeting—pending stockholder approvals and satisfaction of other customary closing conditions. Fold will emerge as “Fold Holdings, Inc.”, with plans to re-list on Nasdaq under a new but related ticker symbol, reflecting the expanded scope and vision of the combined entity.

About Fold, Inc.

Since its inception in 2019, Fold has effectively established itself as a trailblazer in the bitcoin financial services sector, striving to enhance access to bitcoin investment opportunities. Their mission revolves around integrating bitcoin into daily financial activities, aiming to expand the American Dream for a broader demographic. The integration of advanced financial products allows users to engage with bitcoin in a meaningful and impactful way.

About FTAC Emerald Acquisition Corp.

FTAC, backed by Cohen Circle, represents a unique category of acquisition firms—special purposes characterized by their commitment to social, financial, and environmental value. The company is geared towards identifying opportunities for transformative mergers in various sectors, bringing thoughtful solutions to the forefront of corporate operations.

Encouragement for Stockholders

All stockholders of FTAC are strongly urged to vote in favor of the merger proposals. Engaging in the voting process not only influences the future of the companies involved but also helps shape the evolving landscape of financial services and investment opportunities facilitated by Fold.

Importance of the Business Combination

This merger signifies more than just a business transaction; it embodies a movement toward innovative financial solutions where cryptocurrency is integrated into everyday transactions, allowing more individuals to benefit from the advantages of bitcoin. As the digital financial landscape continues to evolve, the strategic collaboration between Fold and FTAC is set to usher in a wave of new developments.

Frequently Asked Questions

What is the purpose of the merger between Fold and FTAC?

The merger aims to combine Fold's innovative bitcoin financial services with FTAC's acquisition capabilities, creating a stronger, more competitive entity in the financial technology sector.

When will the Special Meeting occur?

The Special Meeting is scheduled for a date soon, where stockholders will vote on important propositions related to the Business Combination.

What will happen to the company’s name after the merger?

Post-merger, the company will be renamed “Fold Holdings, Inc.” to reflect its expanded operations in the bitcoin financial services market.

How can stockholders participate in the voting process?

FTAC encourages all stockholders to review the Proxy Statement/Prospectus and participate by casting their votes online or by returning their proxy cards.

What broader impacts does this merger have?

This merger is expected to enhance access to bitcoin investment opportunities, fostering growth and financial inclusivity in the community.

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