FTAC Emerald Files 8-K: General Info Update, No New Material Events
Ticker: FLDDW · Form: 8-K · Filed: Jan 4, 2024 · CIK: 1889123
| Field | Detail |
|---|---|
| Company | Ftac Emerald Acquisition Corp. (FLDDW) |
| Form Type | 8-K |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, administrative, spac
TL;DR
**FTAC Emerald's 8-K is a routine administrative update, no big news for traders.**
AI Summary
FTAC Emerald Acquisition Corp. filed an 8-K on January 4, 2024, to disclose general information, including its business address at 2929 Arch Street, Suite 1703, Philadelphia, PA 19104, and its telephone number (215) 701-9555. This filing, a standard current report, doesn't announce any new material events like mergers or financial results. For investors, this means there's no immediate new information that would significantly impact the stock price, as it's primarily an administrative update confirming basic company details.
Why It Matters
This filing is largely administrative, confirming basic company details. It matters because it shows the company is maintaining its regulatory compliance, but it doesn't provide new information that would typically move the stock.
Risk Assessment
Risk Level: low — This filing is a standard administrative update and does not introduce new financial or operational risks.
Analyst Insight
A smart investor would recognize this 8-K as a routine compliance filing, not a catalyst for immediate investment decisions. It's important to monitor for future filings that announce actual business combinations or significant financial events, which are typical for a SPAC like FTAC Emerald Acquisition Corp.
Key Players & Entities
- FTAC Emerald Acquisition Corp. (company) — the registrant filing the 8-K
- 2929 Arch Street, Suite 1703, Philadelphia, PA 19104 (location) — business address of the registrant
- (215) 701-9555 (phone_number) — telephone number of the registrant
- January 4, 2024 (date) — date of the earliest event reported and filing date
- 001-41168 (string) — Commission File Number
FAQ
What is the purpose of FTAC Emerald Acquisition Corp.'s 8-K filing on January 4, 2024?
The 8-K filing on January 4, 2024, by FTAC Emerald Acquisition Corp. is a Current Report filed pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, primarily disclosing general company information under 'Regulation FD Disclosure' and 'Financial Statements and Exhibits' items, without detailing specific new material events.
What is the business address and phone number of FTAC Emerald Acquisition Corp. as stated in this filing?
According to the filing, FTAC Emerald Acquisition Corp.'s business address is 2929 Arch Street, Suite 1703, Philadelphia, PA 19104, and its telephone number is (215) 701-9555.
What is the Commission File Number for FTAC Emerald Acquisition Corp.?
The Commission File Number for FTAC Emerald Acquisition Corp. is 001-41168, as stated in the filing.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 4, 2024.
Does this 8-K filing indicate any change in the company's name or address since its last report?
The filing explicitly states 'Not Applicable' under 'Former name or former address, if changed since last report,' indicating no change in the company's name or address since its last report.
Filing Stats: 1,279 words · 5 min read · ~4 pages · Grade level 13.1 · Accepted 2024-01-04 16:00:29
Key Financial Figures
- $0.0001 — hare of Class A common stock, par value $0.0001 per share, and one-half of one redeemab
- $11.50 — r one share of Class A common stock for $11.50 per share EMLDW The Nasdaq Stock Ma
Filing Documents
- ea191159-8k_ftacemerald.htm (8-K) — 42KB
- ea191159ex10-1_ftacemerald.htm (EX-10.1) — 79KB
- 0001213900-24-001162.txt ( ) — 365KB
- emld-20240104.xsd (EX-101.SCH) — 4KB
- emld-20240104_def.xml (EX-101.DEF) — 27KB
- emld-20240104_lab.xml (EX-101.LAB) — 37KB
- emld-20240104_pre.xml (EX-101.PRE) — 25KB
- ea191159-8k_ftacemerald_htm.xml (XML) — 7KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. FTAC Emerald Acquisition Corp. (the "Company") has called a special meeting of stockholders (the "Special Meeting") to approve, among other things, an amendment to the Company's amended and restated certificate of incorporation (as further amended, the "Charter") to further extend the period of time by which the Company has to consummate an initial business combination to December 20, 2024 (the "Charter Amendment Proposal"). The Company intends to enter into one or more non-redemption agreements (the "Non-Redemption Agreements") with certain stockholders of the Company pursuant to which, if such stockholders do not redeem (or validly rescind any redemption requests on) their shares of Class A common stock (the "Non-Redeemed Shares") in connection with the Special Meeting, the Company or its sponsor will agree to transfer to such investors common shares immediately following the consummation of an initial business combination if they continue to hold such Non-Redeemed Shares through the Special Meeting. The Non-Redemption Agreements are not expected to increase the likelihood that the Charter Amendment Proposal is approved by stockholders but is expected to increase the amount of funds that remain in the Company's trust account following the Special Meeting. NO ASSURANCES ARE MADE THAT A NON-REDEMPTION INCENTIVE OF ANY KIND WILL BE OFFERED AND THE ACTUAL TERMS OF ANY NON-REDEMPTION INCENTIVE MAY DIFFER MATERIALLY FROM THE TERMS DESCRIBED HEREIN. The foregoing description of the form of Non-Redemption Agreement does not purport to be complete and is qualified in its entirety by reference to the form of Non-Redemption Agreement filed hereto as Exhibit 10.1 and incorporated herein by reference.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding shareholder approval of the Proposals and related redemptions, the amount of funds that may be available in the Trust Account following the Extension, if approved, and the Company's ability to complete an initial business combination within the required time period. These statements are based on current expectations on the date of this Current Report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly, including those risks set forth in the Proxy Statement and the Company's most recent Annual Report on Form 10-K and other documents filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of such filings are available on the SEC's website at www.sec.gov. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements. Additional Information and Where to Find It Further information related to attendance, voting and the Proposals to be considered and voted on at the Special Meeting is described in the definitive proxy statement for the Special Meeting filed by the Company with the SEC on December 28, 2023 (the "Proxy Statement"), which has been mailed to the Company's shareholders of record as of the record date for the Special Meeting. Investors and security holders of the Company are advised to read the Proxy State
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Form of Non-Redemption Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 4, 2024 FTAC EMERALD ACQUISITION CORP. By: /s/ Bracebridge H. Young, Jr. Name: Bracebridge H. Young, Jr. Title: President and Chief Executive Officer 3