Bitcoin Services Firm Fold to Go Public via $365M SPAC Merger

Fold's merger with FTAC Emerald Acquisition Corp. will see it listed on Nasdaq and holding over $66 million in Bitcoin.

Fold will merge with FTAC Emerald Acquisition Corp. and expects to finalize the deal in Q4 2024.
The company will be valued at $365 million post-merger and will trade on Nasdaq.
Fold offers a cashback debit card with Bitcoin rewards and has processed over $2 billion in transactions.
The firm will hold more than 1,000 Bitcoin, valued at over $66 million, on its balance sheet.
Regulatory approval is crucial as the SEC has previously blocked several crypto firms from going public.