ftac Emerald Acquisition in an 8-K filed late yesterday said it had signed a letter of intent in March for a potential merger with an unnamed target. The timing is fortuitous, as the SPAC's termination deadline was June 20, but with an LOI the company receives an automatic extension until Sept. 20.

Led by SPAC veteran Betsy Cohen, FTAC Emerald raised $220 million in a December 2021 ipo. Read more.

Source: FTAC Emerald Acquisition Inks LOI