Form 8-K - Current report
14 October 2023 - 7:30AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): October
12, 2023
FTAC EMERALD ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-41168 |
|
86-2170416 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
2929 Arch Street, Suite 1703
Philadelphia, PA |
|
19104 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area
code: (215) 701-9555
Not Applicable
(Former name or former address,
if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Units, each consisting of one share of Class A common stock, par value $0.0001 per share, and one-half of one redeemable warrant |
|
EMLDU |
|
The Nasdaq Stock Market LLC |
Shares of Class A common stock, par value $0.0001 per share, included as part of the units |
|
EMLD |
|
The Nasdaq Stock Market LLC |
Redeemable warrants, each exercisable for one share of Class A common stock for $11.50 per share |
|
EMLDW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01. Notice of Delisting or Failure
to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On October
12, 2023, FTAC Emerald Acquisition Corp., a Delaware corporation (the “Company”), received a written notice (the “Notice”)
from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not
in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 public holders for continued listing on the
Nasdaq Global Market (the “Minimum Public Holders Rule”). The Notice is only a notification of deficiency, not of imminent
delisting, and has no current effect on the listing or trading of the Company’s securities on Nasdaq Global Market.
The Notice
states that the Company has 45 calendar days to submit a plan to regain compliance with the Minimum Public Holders Rule. If Nasdaq accepts
the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence
compliance with the Minimum Public Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity
to appeal the decision in front of a Nasdaq Hearings Panel.
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: October 13, 2023 |
FTAC EMERALD ACQUISITION CORP. |
|
|
|
By: |
/s/ Bracebridge H. Young, Jr. |
|
Name: |
Bracebridge H. Young, Jr. |
|
Title: |
President and Chief Executive Officer |
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Entity File Number |
001-41168
|
Entity Registrant Name |
FTAC EMERALD ACQUISITION CORP.
|
Entity Central Index Key |
0001889123
|
Entity Tax Identification Number |
86-2170416
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
2929 Arch Street
|
Entity Address, Address Line Two |
Suite 1703
|
Entity Address, City or Town |
Philadelphia
|
Entity Address, State or Province |
PA
|
Entity Address, Postal Zip Code |
19104
|
City Area Code |
(215)
|
Local Phone Number |
701-9555
|
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Units, each consisting of one share of Class A common stock, par value $0.0001 per share, and one-half of one redeemable warrant |
|
Title of 12(b) Security |
Units, each consisting of one share of Class A common stock, par value $0.0001 per share, and one-half of one redeemable warrant
|
Trading Symbol |
EMLDU
|
Security Exchange Name |
NASDAQ
|
Shares of Class A common stock, par value $0.0001 per share, included as part of the units |
|
Title of 12(b) Security |
Shares of Class A common stock, par value $0.0001 per share, included as part of the units
|
Trading Symbol |
EMLD
|
Security Exchange Name |
NASDAQ
|
Redeemable warrants, each exercisable for one share of Class A common stock for $11.50 per share |
|
Title of 12(b) Security |
Redeemable warrants, each exercisable for one share of Class A common stock for $11.50 per share
|
Trading Symbol |
EMLDW
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Security Exchange Name |
NASDAQ
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