FTAC Emerald Acquisition Corp.

The meeting the deal depends on has slipped past the calendar year in which it was first noticed and is still undated, so no redemption deadline can be read from this document. The consideration remains formulaic rather than fixed: each share of Fold common stock converts into Emerald Class A shares at an Exchange Ratio equal to the Aggregate Merger Consideration divided by Fold Fully Diluted Capital Stock, so no per-share number is stated. The Sponsor and Emerald's officers and directors have agreed to vote their Founder Shares and Class A shares in favour.

This cover describes Emerald's Class A common stock, units and public warrants as listed on the Nasdaq Capital Market under the symbols FLD, FLDDU and FLDDW, while later amendments to the same registration statement give the Class A symbol as FLDD. The ticker printed here does not agree with the one used elsewhere in the file, and the filing does not say which is correct. Consideration is formulaic — the Exchange Ratio is the Aggregate Merger Consideration divided by Fold Fully Diluted Capital Stock — so no per-share value is stated at this version.

A full twelve-month extension is at the long end of what SPAC boards ask for, and pairing it with trustee authority to liquidate on the company's instruction gives the board both more time and a faster exit if the search fails. Absent the amendment the December 20, 2024 Initial Termination Date forces the company to cease operations and, within ten business days, redeem all public Class A shares at the trust balance less interest released or reserved — up to $100,000 for dissolution expenses.

At this first version Emerald's Class A stock, units and public warrants are listed on the Nasdaq Capital Market under FLD, FLDDU and FLDDW, and Emerald intends to apply to continue the listing of New Fold on the Nasdaq Global Market. The Sponsor purchased 7,992,750 Founder Shares on June 2, 2021 and, with Emerald's officers and directors, has agreed to vote them in favour of the business combination, so the sponsor block is committed before any public vote. The meeting date, time and webcast address are all left blank.

What changed: The 10-Q filed under Commission file number 001-41168 is that of Fold Holdings, Inc. (Nasdaq: FLD, warrants at $11.50) for the quarter ended June 30, 2026, with 55,077,187 shares outstanding as of August 9, 2026. Why it matters: The company is below the Nasdaq minimum bid price and names a reverse split as an option it may pursue while warning that doing so could devalue the stock. Its bitcoin — the asset it monetized to repay debt this quarter — sits with a single custodian, which it identifies as a risk in its own words. The financial statements are not in the portion read here.

What changed: Fold Holdings, Inc. (Nasdaq: FLD) furnished a press release dated August 11, 2026 reporting second quarter 2026 results: revenue of $6.1 million, a net loss of $(9.7) million, an adjusted EBITDA loss of $(5.5) million, loss per share of $(0.19), and a bitcoin investment treasury of 194 BTC as of June 30, 2026. Total transaction volume was $165 million and total verified accounts exceeded 87,000, with over 1,000 added in the quarter; more than 2,000 Fold Credit Cards were in Early Access as of August 11, 2026, more than double the prior quarter. Why it matters: The $20.7 million increase in cash and the debt repayment came from selling bitcoin, not from operations — the treasury was the funding source, and 194 BTC is what remains. Removing $145 thousand of monthly interest is about $1.7 million a year against a $9.7 million quarterly loss.

What changed: Preliminary proxy statement (PRE 14A) of Fold Holdings, Inc. for a special meeting of stockholders to be held virtually at 12:00 p.m. Eastern; the meeting date and record date are left blank in this preliminary filing. Proposal 1 asks stockholders to approve an amendment to the certificate of incorporation effecting a reverse stock split of issued and outstanding common stock at a ratio between 1-for-2 and 1-for-50, with the decision whether to proceed and the exact ratio and timing left to the board's discretion following approval; Proposal 2 is an adjournment proposal. Why it matters: This is a preliminary filing with no meeting date, no record date and a 25-fold range of possible ratios; the board would also retain discretion not to effect the split at all. The stated purpose is Nasdaq minimum-bid-price compliance.