FTAC Emerald Acquisition Corp
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
View on SEC.govAbout this filing
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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.
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Statements of Cash Flows
| For the Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash Flows from Operating Activities: | ||
| Net income | $4,443,634 | $1,115,764 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Non-redemption agreement expense | 708,400 | — |
| Interest earned on investments held in Trust Account | (11,207,609) | (3,619,061) |
| Non-redemption agreement expense | — | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (7,499) | 401,507 |
| Prepaid income taxes | (83,503) | — |
| Reimbursement receivable | 1,155,000 | — |
| Accounts payable and accrued expenses | 290,047 | 33,932 |
| Due to related party | (21,535) | 5,084 |
| Income tax payable | (359,410) | 359,410 |
| Net cash used in operating activities | (5,082,475) | (1,703,364) |
| Cash Flows from Investing Activities: | ||
| Principal deposited in Trust Account | — | (28,980,354) |
| Cash withdrawn from Trust Account for tax purposes | 3,014,566 | 548,195 |
| Cash withdrawn from Trust Account in connection with redemption | 96,791,644 | — |
| Net cash provided by (used in) investing activities | 99,806,210 | (28,432,159) |
| Cash Flows from Financing Activities: | ||
| Proceeds from sale of public units and private placement units in over-allotment | — | 28,980,362 |
| Proceeds from promissory note – related party | 2,025,000 | — |
| Redemption of common stock | (96,791,644) | — |
| Net cash (used in) provided by financing activities | (94,766,644) | 28,980,362 |
| Net Change in Cash | (42,909) | (1,155,161) |
| Cash – Beginning of period | 72,753 | 1,227,914 |
| Cash – End of period | $29,844 | $72,753 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Excise tax on stock redemption | $967,916 | $— |
| Deferred underwriting payable charged to additional paid-in capital | $8,704,270 | $1,004,270 |
| Supplemental information: | ||
| Cash paid for income taxes | $2,768,000 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.