This morning investors are expected to keep an eye on the stock of those companies that were in the news cycle on Thursday, and one of the companies that could get some attention is FTAC Emerald Acquisition Corp. (OTC:FLDD). Yesterday there was a new update with regards to its planned business combination with Fold Inc.
The Update
The innovative Bitcoin financial services company Fold Inc. announced yesterday that the United States Securities and Exchange Commission had declared the registration statement on S-4 filed in relation to the business combination with FTAC Emerald Acquisition effective. In the registration statement, there was key information with regards to the two companies and the proposed business combination.
Further Information
In the news release it was also noted that FTAC Emerald Acquisition had scheduled a special meeting in place of the 2024 annual meeting of shareholders, and it would take place on February 12 this year. As a consequence, the company revealed that it had already started sending mails to the stockholders with a definitive prospectus/proxy statement in relation to the meeting. It was also revealed that the business combination between the two companies would be closed soon after the special meeting.
