Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 1,776.9K |
Gross Profit | -1,776.9K |
Operating Expense | 458.1K |
Operating I/L | -458.1K |
Other Income/Expense | 2,121.8K |
Interest Income | 2,121.8K |
Pretax | 1,663.7K |
Income Tax Expense | 462.4K |
Net Income/Loss | 1,201.3K |
FTAC Emerald Acquisition Corp. is a blank check company that focuses on acquiring businesses in clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors. As a blank check company, it raises funds through an initial public offering (IPO) and then seeks out potential acquisition targets. Once a suitable target is identified, the company uses the raised funds to acquire and merge with the target company, providing it with access to public capital markets and enabling it to grow and expand its operations.