BRIEF-Fold To Go Public As The First Pureplay Financial Services Company Powered By Bitcoin

Reuters

2024-07-24

July 24 (Reuters) - FTAC Emerald Acquisition Corp

:

* 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: Further company coverage:

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

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