FTAC Emerald Acquisition Corp
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 26, 2024
FLD$0.46+3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash | $29,844 | $72,753 |
| Prepaid expenses | 192,712 | 185,213 |
| Prepaid income taxes | 83,503 | — |
| Total current assets | 306,059 | 257,966 |
| Reimbursement receivable | — | 1,155,000 |
| Investments held in Trust Account | 165,653,149 | 254,251,750 |
| TOTAL ASSETS | $165,959,208 | $255,664,716 |
| Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $114,659 | $111,063 |
| Due to related party | 286,451 | 21,535 |
| Excise tax payable | 967,916 | — |
| Income tax payable | — | 359,410 |
| Promissory note - related party | 2,025,000 | — |
| Total current liabilities | 3,394,026 | 492,008 |
| Deferred underwriters’ discount | — | 8,704,270 |
| Deferred advisory fee | 1,155,000 | 1,155,000 |
| Total liabilities | 4,549,026 | 10,351,278 |
| Commitments and Contingencies | ||
| Class A common stock subject to possible redemption, $0.0001 par value; 15,630,150 and 24,869,342 issued and outstanding shares at a redemption value of $10.60 and $10.21 per share as of December 31, 2023 and 2022, respectively | 165,721,882 | 253,814,255 |
| Stockholders’ Deficit | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2023 and December 31, 2022 | — | — |
| Class A common stock, $0.0001 par value; 42,000,000 shares authorized; 9,591,222 and 976,081 shares issued and outstanding as of December 31, 2023 and 2022, respectively (net of 15,630,150 and 24,869,342 shares subject to possible redemption as of December 31, 2023 and 2022, respectively) | 959 | 98 |
| Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 0 and 8,615,141 shares issued and outstanding as of December 31, 2023 and 2022, respectively | — | 861 |
| Additional paid-in capital | 6,984,216 | — |
| Accumulated deficit | (11,296,875) | (8,501,776) |
| Total stockholders’ deficit | (4,311,700) | (8,500,817) |
| Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit | $165,959,208 | $255,664,716 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.