SPAC Highlights (Dec 16 – Dec 22)

FTAC Emerald Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

December 18, 2024

Definitive Agreement: Jul 24, 24

Industry:

FINANCE SERVICES

New York – FTAC Emerald Acquisition Corp. (Nasdaq: FLDD, FLDDW, FLDDU), a special purpose acquisition company (SPAC), announced that its stockholders have voted to extend the deadline to complete a business combination to December 20, 2025.

The business combination with Fold, a leading bitcoin financial services company, is expected to close in the first quarter of 2025, subject to regulatory approvals and stockholder approval.

Roman DBDR Acquisition Corp. II Announces the Closing of $200 Million Initial Public Offering

December 16, 2024

SPAC / IPO: Dec 13, 24

Industry:

BLANK CHECKS

New York, NY – Roman DBDR Acquisition Corp. II, a special purpose acquisition company (SPAC), announced the closing of its initial public offering (IPO) of 20,000,000 units at a price of $10.00 per unit. The IPO resulted in gross proceeds of $200 million.

The company’s units began trading on the Nasdaq Global Market on December 13, 2024, under the ticker symbol “DRDBU.” Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share.

The company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on companies in the cybersecurity, artificial intelligence, or financial technology industries.

B. Riley Securities acted as the sole book-running manager for the offering.

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