FTAC Emerald Acquisition Announces Merger with Fold, Inc.
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FTAC Emerald Acquisition Corp. has announced a merger with Fold, Inc., set to take place on July 24, 2024. Following the merger, Fold will become a wholly-owned subsidiary of FTAC Emerald, aiming to strengthen its market position. However, the transaction faces various risks and uncertainties that may impact its completion and expected benefits. FTAC Emerald's current market cap is $147.8 million, with a year-to-date price performance of -0.80% and a consensus rating of 'Sell'.
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