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FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) announced that holders of its 24,869,342 IPO units can begin trading Class A common shares and warrants separately starting February 7, 2022. The remaining units will continue to trade under the symbol EMLDU, while the common shares and warrants will be listed under EMLD and EMLDW, respectively. Goldman Sachs & Co. LLC acted as the sole book-running manager for the offering. The registration statement was effective as of December 15, 2021, and this release does not constitute an offer to sell or buy the securities mentioned.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) announced the underwriter of its IPO exercised an option to purchase an additional 2,869,342 units at $10.00, generating approximately $28.7 million in gross proceeds. With this exercise, total units sold reached 24,869,342, leading to total gross proceeds of $248.7 million. Additionally, the company sold 86,081 private placement units to Emerald ESG Sponsor LLC for $860,810. The units consist of one share of Class A common stock and half a warrant, with separate trading expected under the symbols EMLD and EMLDW.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) successfully completed its IPO on December 16, 2021, raising $220 million by issuing 22 million units at $10 each. Each unit comprises one share of Class A common stock and one-half of a warrant. The Class A common stock and warrants will trade under the symbols 'EMLD' and 'EMLDW,' respectively, once separations occur. Goldman Sachs served as the sole book-running manager for the offering. No assurance is provided regarding the future use of proceeds, as various conditions may influence outcomes.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) announced the pricing of its initial public offering, comprising 22,000,000 units priced at $10.00 each, generating gross proceeds of $220,000,000. Trading on NASDAQ is set to begin on December 16, 2021. Each unit includes one share of Class A common stock and one-half of a redeemable warrant, with the full warrant exercisable at $11.50. The offering's closing is anticipated on or about December 20, 2021. Goldman Sachs & Co. LLC acts as the sole book-running manager, with an additional 3,300,000 units available for over-allotment.
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