IPO - FTAC Emerald Acquisition Corp.

Form Type: CORRESP

Filing Date: 2025-04-08

Corporate Action: Ipo

Type: New

Accession Number: 000121390025029939

Filing Summary: Fold Holdings, Inc. has submitted a request for acceleration of the effective date of its Registration Statement on Form S-1 (File No. 333-286294). The company aims for the registration to become effective at 5:30 p.m. Eastern Time on April 10, 2025, or as soon as practicable thereafter. This action indicates the company's progress towards launching an initial public offering (IPO). The notice is addressed to the United States Securities and Exchange Commission, with a request for confirmation of the effective date communicated through the counsel at Latham & Watkins LLP. Will Reeves, the Chief Executive Officer, and additional contacts at Fold Holdings are cc'd for follow-up communication.

Form Type: S-1

Filing Date: 2025-04-01

Corporate Action: Ipo

Type: New

Accession Number: 000121390025026537

Filing Summary: Fold Holdings, Inc. is registering to offer its common stock and warrants as part of a business combination with Legacy Fold. This document is a registration statement under the Securities Act of 1933 and is filed with the SEC, providing details about the proposed sale of 49,161,055 shares of common stock and 925,590 warrants. The business combination was finalized on February 14, 2025, when a merger occurred between Emerald and Legacy Fold, thus creating Fold Holdings, Inc. The prospectus highlights the provision for selling securityholders to sell shares from previous funding rounds, including a significant transaction involving an equity investment from the Polar Multi-Strategy Master Fund. The company is identified as an emerging growth company and must comply with reduced public company reporting requirements. It emphasizes important financial risks associated with Bitcoin volatility and competitive factors within the financial services industry, affecting profitability and operational sustainability.