FTAC Emerald Acquisition Corp. (EMLDU) Prices $220M IPO


FTAC Emerald Acquisition Corp. (EMLDU) Prices $220M IPO

Dec 15, 2021 IPOs by Marlena Haddad

FTAC Emerald Acquisition Corp. announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EMLDU” Thursday, December 16.

The new SPAC intends to target companies that achieve best-in-class standards in environmental, social, and governance (ESG) practices. FTAC Emerald is led by Chairman Betsy Cohen, President and CEO Bracebridge H. Young, Jr., Vice Chairman Mark Tercek, and CFO Doug Listman.

Total SPAC deal count for 2021 year-to-date is now 603. This offering is expected to close on Monday, December 20.

Goldman Sachs & Co. LLC is acting as sole book-running manager for the offering. McDermott Will & Emery LLP is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.