Fold, Inc. and FTAC Emerald Acquisition Corp. Announce Business Combination Effectiveness

NEW YORK, January 23, 2025 - Fold, Inc. ("Fold"), a bitcoin financial services company, and FTAC Emerald Acquisition Corp. (OTC: FLDD) ("FTAC") announced that the SEC declared effective the Registration Statement on Form S-4 for their business combination. The Registration Statement provides details on both companies and the combination. A special meeting is scheduled for February 12, 2025, to vote on the combination, which is expected to close shortly after, subject to stockholder approvals. The combined company will be renamed "Fold Holdings, Inc." and is expected to trade on Nasdaq under the ticker "FLD". Stockholders have until February 10, 2025, at 12:00 p.m. ET to exercise redemption rights. The FTAC board recommends voting "FOR" all proposals.

Fold, founded in 2019, aims to expand bitcoin investment access through premium financial products. FTAC Emerald is a special purpose acquisition company sponsored by Cohen Circle. More information is available in the definitive Proxy Statement/Prospectus filed with the SEC.