Harraden Circle Investments Updates FTAC Emerald Stake

TL;DR

**Harraden Circle Investments just updated their stake in FTAC Emerald, watch for shifts in investor sentiment.**

AI Summary

Harraden Circle Investments, LLC, along with its affiliates Frederick V. Fortmiller, Jr., Harraden Circle Investors GP, LLC, and Harraden Circle Investors GP, LP, filed an amended Schedule 13G/A on January 31, 2024, for their holdings in FTAC Emerald Acquisition Corp. This filing, dated December 31, 2023, indicates a change in their beneficial ownership of Class A Common Stock. Investors should note this as it reflects a significant institutional investor's updated position, potentially signaling their evolving confidence in the SPAC's future merger prospects.

Why It Matters

This filing shows an institutional investor's updated position in FTAC Emerald Acquisition Corp., which can influence market perception and investor confidence in the SPAC's ability to complete a successful business combination.

Risk Assessment

Risk Level: medium — Changes in institutional ownership for SPACs can be volatile, as their value is tied to future merger success, making this a medium risk event.

Analyst Insight

Investors should monitor subsequent filings from Harraden Circle Investments and other institutional holders for further changes in ownership, as these can signal shifts in confidence regarding FTAC Emerald Acquisition Corp.'s future business combination.

Key Players & Entities

• Harraden Circle Investments, LLC (company) — reporting person
• FTAC Emerald Acquisition Corp. (company) — subject company (issuer)
• Frederick V. Fortmiller, Jr. (person) — group member of reporting persons
• Harraden Circle Investors GP, LLC (company) — group member of reporting persons
• Harraden Circle Investors GP, LP (company) — group member of reporting persons
• December 31, 2023 (date) — date of event requiring filing
• January 31, 2024 (date) — filing date

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d694178dsc13ga.htm (SC 13G/A) — 96KB
• d694178dex991.htm (EX-99.1) — 7KB
• 0001193125-24-020149.txt ( ) — 104KB

From the Filing

SC 13G/A 1 d694178dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* FTAC Emerald Acquisition Corp. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 29103K100 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following pages Page 1 of 11 Pages Exhibit Index: 10 Page SCHEDULE 13G CUSIP No. 29103K100 Page 2 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN (1) See Item 4 below. This constitutes an exit filing for the Reporting Person. SCHEDULE 13G CUSIP No. 29103K100 Page 3 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors GP, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN, HC (1) See Item 4 below. This constitutes an exit filing for the Reporting Person. SCHEDULE 13G CUSIP No. 29103K100 Page 4 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investors GP, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, HC (1) See Item 4 below. This constitutes an exit filing for the Reporting Person. SCHEDULE 13G CUSIP No. 29103K100 Page 5 of 11 Pages 1 NAMES OF REPORTING PERSONS Harraden Circle Investments, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, HC, IA (1) See Item 4 below. This constitutes an exit filing for the Reporting Person. SCHEDULE 13G CUSIP No. 29103K100 Page 6 of 11 Pages 1 NAMES OF REPORTING PERSONS Frederick V. Fortmiller, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY

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