FTAC Emerald Acquisition, a blank-check company led by SPAC veteran Betsy Cohen, priced its initial public offering of 22 million units at $10 each.
FTAC’s acquisition focus is on sustainable businesses.
Units begin trading today on the Nasdaq under the symbol EMLDU. Each consists of one share and one-half of a warrant, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share.
The closing of the offering is expected on Dec. 20.
Goldman Sachs & Co. LLC is serving as the sole book-running manager for the offering. Read more.
