FTAC Emerald Acquisition Corp. Faces Nasdaq Delisting Notice
Ticker: FLDDW · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1889123
| Field | Detail |
|---|---|
| Company | Ftac Emerald Acquisition Corp. (FLDDW) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting-notice, listing-standards, spac
Related Tickers: EMLD
TL;DR
FTAC Emerald Acquisition Corp. got a notice from Nasdaq for not meeting listing rules. Uh oh.
AI Summary
FTAC Emerald Acquisition Corp. announced on June 26, 2024, that it has received a notice from the Nasdaq Stock Market indicating a failure to meet continued listing requirements. The company is currently evaluating the notice and will provide further updates as they become available.
Why It Matters
This notice suggests potential delisting from the Nasdaq, which could significantly impact the liquidity and trading of FTAC Emerald Acquisition Corp.'s securities.
Risk Assessment
Risk Level: high — A notice of failure to meet listing requirements and potential delisting poses a significant risk to the company's stock trading and investor confidence.
Key Players & Entities
- FTAC Emerald Acquisition Corp. (company) — Registrant
- Nasdaq Stock Market (company) — Listing Exchange
- June 26, 2024 (date) — Date of earliest event reported
FAQ
What specific continued listing requirements did FTAC Emerald Acquisition Corp. fail to meet?
The filing does not specify the exact continued listing requirements that FTAC Emerald Acquisition Corp. failed to meet, only that a notice was received from the Nasdaq Stock Market.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 26, 2024.
What action is FTAC Emerald Acquisition Corp. taking in response to the Nasdaq notice?
FTAC Emerald Acquisition Corp. is currently evaluating the notice and will provide further updates as they become available.
What is the former name of FTAC Emerald Acquisition Corp. and when did the name change occur?
The former name was Emerald ESG Acquisition Corp., and the date of the name change was October 19, 2021.
What is the business address and phone number of FTAC Emerald Acquisition Corp.?
The business address is 2929 Arch St., Suite 1703, Philadelphia, PA 19103, and the business phone number is 215-701-9555.
Filing Stats: 475 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-06-28 17:00:11
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
- ea0208704-8k_ftac.htm (8-K) — 31KB
- 0001213900-24-057257.txt ( ) — 255KB
- emld-20240626.xsd (EX-101.SCH) — 4KB
- emld-20240626_def.xml (EX-101.DEF) — 27KB
- emld-20240626_lab.xml (EX-101.LAB) — 37KB
- emld-20240626_pre.xml (EX-101.PRE) — 25KB
- ea0208704-8k_ftac_htm.xml (XML) — 8KB
01 Notice of Delisting or Failure
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On June 26, 2024, FTAC Emerald Acquisition Corp. (the "Company") was notified that the Company's securities will be transferred to the Nasdaq Capital Market at the opening of business on June 28, 2024. 1 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: June 28, 2024 FTAC EMERALD ACQUISITION CORP. By: /s/ Bracebridge H. Young, Jr. Name: Bracebridge H. Young, Jr. Title: President and Chief Executive Officer 2