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FTAC Emerald Acquisition Corp

For the period ended Dec 31, 2023. Filed Mar 26, 2024.

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About 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.

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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’
SharesAmountSharesAmountCapitalDeficitDeficit
Balance as of December 31, 2021890,000898,763,333876—(5,979,383)(5,978,418)
Forfeiture of Founder Shares——(148,192)(15)15——
Sale of private placement units in over-allotment86,0819——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—————1,115,7641,115,764
Balance as of December 31, 2022976,081988,615,141861—(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 stock8,615,141861(8,615,141)(861)———
Contribution for non-redemption agreements—————708,400708,400
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—————4,443,6344,443,634
Balance as of December 31, 20239,591,222$959—$—$6,984,216$(11,296,875)$(4,311,700)
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.