FTAC Emerald Acquisition Faces Nasdaq Delisting and Strategic Transition

Tip Ranks
2024.12.18 14:00
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FTAC Emerald Acquisition Corp. faces delisting from Nasdaq after failing to complete its initial business combination by the deadline. Stockholders approved extensions for the business combination and liquidation of its trust account. The company plans to transition trading to the OTC Market while remaining committed to its merger with Fold, a bitcoin financial services company, expected to close in early 2025. FTAC aims to relist on Nasdaq post-transaction.