FTAC Emerald Acquisition Corp. Announces Closing of Partial Exercise of IPO Over-Allotment Option

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Jan 14, 2022

PHILADELPHIA, PA, Jan. 14, 2022 (GLOBE NEWSWIRE) -- January 14, 2022 – FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) (the “Company”), a blank-check company led by Betsy Z. Cohen, as Chairman of the Board, Mark Tercek, as Vice-Chairman of the Board, and Bracebridge H. Young, Jr., as President and Chief Executive Officer, formed for the purpose of acquiring or merging with one or more businesses, today announced that the underwriter of its previously announced initial public offering exercised their option to purchase an additional 2,869,342 units at the public offering price of $10.00 per unit, resulting in additional gross proceeds of approximately $28,693,420.