FTAC Emerald Acquisition Corp
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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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.
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Statements of Changes in Stockholders’ Deficit
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| Class A · Class B · Additional · Total | |||||||
|---|---|---|---|---|---|---|---|
| Common Stock · Common Stock · Paid-in · Accumulated · Stockholders’ | |||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance as of December 31, 2021 | 890,000 | 89 | 8,763,333 | 876 | — | (5,979,383) | (5,978,418) |
| Forfeiture of Founder Shares | — | — | (148,192) | (15) | 15 | — | — |
| Sale of private placement units in over-allotment | 86,081 | 9 | — | — | 860,801 | — | 860,810 |
| Sale of Public Units in over-allotment, net of offering costs | — | — | — | — | 454,360 | — | 454,360 |
| Accretion of common stock subject to possible redemption | — | — | — | — | (1,315,176) | (3,638,157) | (4,953,333) |
| Net income | — | — | — | — | — | 1,115,764 | 1,115,764 |
| Balance as of December 31, 2022 | 976,081 | 98 | 8,615,141 | 861 | — | (8,501,776) | (8,500,817) |
| Excise tax on stock redemption | — | — | — | — | — | (967,916) | (967,916) |
| Conversion of Class B common stock to Class A common stock | 8,615,141 | 861 | (8,615,141) | (861) | — | — | — |
| Contribution for non-redemption agreements | — | — | — | — | — | 708,400 | 708,400 |
| Accretion of common stock subject to possible redemption | — | — | — | — | (1,720,054) | (6,979,217) | (8,699,271) |
| Waiver of Deferred Underwriter’s Fee | — | — | — | — | 8,704,270 | — | 8,704,270 |
| Net income | — | — | — | — | — | 4,443,634 | 4,443,634 |
| Balance as of December 31, 2023 | 9,591,222 | $959 | — | $— | $6,984,216 | $(11,296,875) | $(4,311,700) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.