Bitcoin-Powered Finance Company Fold, Holding 1000 BTC In Reserves, Moves One Step Closer To Nasdaq Listing

Bitcoin (CRYPTO: BTC)-focused financial services company Fold, Inc. moved one step closer to going public after submitting an S-4 filing with the SEC. 

What happened: The filing, which was submitted Monday with the regulator, detailed the company's merger with FTAC Emerald Acquisition Corp. (NASDAQ:FLD)—a special-purpose acquisition company that helps a private firm go public.

Following the merger, New Fold Common Stock and Public Warrants would continue trading on Nasdaq under symbols "FLD" and "FLDDW," respectively.

Fold announced its decision to list on Wall Street in July this year, with CEO ...

Full story available on Benzinga.com