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FTAC Emerald Acquisition Corp. 8-K Report: Insights on Stock & Warrants as of Feb 2025

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Form 8-K
Filed on: 2025-02-13
Source
FTAC Emerald Acquisition Corp. 8-K Report: Insights on Stock & Warrants as of Feb 2025

Here's the extracted key information and insights from the provided financial report section:

  1. Entity Information:
  • Name: FTAC Emerald Acquisition Corp.
  • CIK (Central Index Key): 0001889123
  • SEC File Number: 001-41168
  • EIN (Employer Identification Number): 86-2170416
  • Address: 2929 Arch Street, Suite 1703, Philadelphia, PA 19104
  • Contact Number: (215) 701-9555
  1. Report Type:
  • Filing Type: 8-K
  • Filing Date: February 13, 2025
  1. Stock and Warrants Information:
  • Units: Each unit consists of:
    • One share of Class A common stock, par value $0.0001 per share.
    • One-half of one redeemable warrant.
  • Class A Common Stock: The stock has a par value of $0.0001 per share.
  • Redeemable Warrants: Each warrant is exercisable for one share of Class A common stock at a price of $11.50 per share.
  1. Contextual Information:
  • Reporting Period: The report reflects the situation as of February 13, 2025.
  1. Units of Measurement:
  • Currency Unit: USD (U.S. Dollars)
  • Shares Unit: Shares (for stock-related items)

Insights:

  • The company is likely involved in a special purpose acquisition company (SPAC) transaction, given the structure of the units and the mention of redeemable warrants.
  • The exercise price of the redeemable warrants at $11.50 suggests a potential future value expectation for the Class A common stock.
  • The minimal par value of the common stock indicates a focus on equity financing that may appeal to investors looking for low-cost entry points into the company's equity structure.

This information is crucial for investors and stakeholders to understand the company's capital structure, potential for equity appreciation, and the mechanics of the associated warrants.