Vault-13

FTAC EMERALD ACQUISITION COR FLD

CLASS A COM · Common Stock · CUSIP 29103K100

18 institutional holders -2 vs Q1 2024
4,731,2854.7m shares reported held*
$50.9mreported value*
1 new 2 added 2 reduced 3 sold out net sold ≈ $233.2k (-21.6k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.76.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 58Q4 22: 61Q1 23: 58Q2 23: 62Q3 23: 33Q4 23: 27Q1 24: 20Q2 24: 1818Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202258
Q4 202261
Q1 202358
Q2 202362
Q3 202333
Q4 202327
Q1 202420
Q2 202418

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 24 bought or addedQ4 22: 21 cut or sold outQ4 22Q1 23: 16 bought or addedQ1 23: 17 cut or sold outQ2 23: 21 bought or addedQ2 23: 13 cut or sold outQ2 23Q3 23: 20 bought or addedQ3 23: 50 cut or sold outQ4 23: 8 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 6 bought or addedQ1 24: 18 cut or sold outQ2 24: 3 bought or addedQ2 24: 5 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222421
Q1 20231617
Q2 20232113
Q3 20232050
Q4 2023811
Q1 2024618
Q2 202435

Biggest buyers

MANGROVE PARTNERS IM, LLC New +219,451+219.5k
BERKLEY W R CORP Added +25,736+25.7k
CLEAR STREET LLC Added +16,660+16.7k

Biggest sellers

FIR TREE CAPITAL MANAGEMENT LP Sold out -177,970-178.0k
Periscope Capital Inc. Reduced -75,000-75.0k
FLOW TRADERS U.S. LLC Sold out -17,593-17.6k
Exos Asset Management LLC Reduced -9,110-9.1k
WOLVERINE ASSET MANAGEMENT LLC Sold out -3,811-3.8k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Fulgur Frontier Capital LP 13D · may seek influence no change · filed 2026-03-17
Stated purposeThe Shares were acquired based on the belief that the Shares were undervalued and represented an attractive investment opportunity. Depending on overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of the Shares at prices that would make the purchase or sale of Common Stock desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Sche… Full filing
 37.5% no change 18.1m≈ $8.2m 2026-03-17
Kirkwood Jonathan 13D · may seek influence +1.1 pts · filed 2026-03-03
Stated purposeThe Reporting Persons are filing this Schedule 13D/A to report a change in their respective beneficial ownership percentages of the shares of Common Stock. Ten31 Join the Fold LLC disposed of all 1,682,670 shares of Common Stock reported in the initial 13D filing on December 19, 2025, 144,311 of which were distributed to Jonathan Kirkwood in exchange for no consideration. Additionally, Dr. Kirkwood obtained beneficial ownership of 112,500 shares through a grant of restricted stock units on June 3, 2025. SATS Credit Fund, LP acquired 520,000 shares of Common Stock in a transaction with the Issuer on February 26, 2026 (as further described in Item 6), and 750,000 shares of Common Stock and 925,590 warrants to purchase shares of Common Stock on March 5, 2025. Dr. Kirkwood is a director of… Full filing
 12.0% +1.1 pts 5.8m≈ $2.6m 2026-03-03
SZOP Multistrat Management LLC 13G · passive investor no change · filed 2026-02-17 9.9% no change 5.4m≈ $2.4m 2026-02-17
CRAFT VENTURES II, L.P. 13G · passive investor new · filed 2025-03-11 7.9% new 3.6m≈ $1.7m 2025-03-11
Reeves William Brian Poppic 13D · may seek influence new · filed 2025-03-11
Stated purposeThe purpose of this filing is to report the acquisition of beneficial ownership by Will Reeves of 3,110,568 shares of the Issuer's Common Stock. As noted above, Will Reeves is the Chief Executive Officer of the Issuer. As such, he participates in the management of the Issuer. The Reporting Person may from time to time develop plans respecting, or propose changes in, the management, composition of the board of directors, operations, capital structure or business of the Issuer. Depending upon market conditions and other factors that the Reporting Person deems material, he may purchase additional Common Stock or other securities of the Issuer in the open market, private transactions or from the Issuer, or may dispose of all or a portion of the Common Stock or other securities of the Issuer t… Full filing
 6.7% new 3.1m≈ $1.4m 2025-03-11

Fell to 5% or below in the last year: ATW Partners Opportunities Management, LLC (3.3%, 2026-05-15)

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Dryden Capital, LLC 18.21% of their portfolio MIAMI, FL 1,000,0001.0m $10.7m $10.7m 18.21% Unchanged
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.25% of their portfolio WEST PALM BEACH, FL 500,000500.0k $5.4m $5.4m 0.25% Unchanged
3 Atlas Merchant Capital LLC 2.76% of their portfolio New York, NY 500,000500.0k $5.4m $5.4m 2.76% Unchanged
4 Kepos Capital LP 2.09% of their portfolio NEW YORK, NY 500,000500.0k $5.4m $5.4m 2.09% Unchanged
5 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 400,000400.0k $4.3m $4.3m 0.05% Unchanged
6 Periscope Capital Inc. 1.37% of their portfolio Toronto, A6 350,000350.0k $3.8m $3.8m 1.37% Reduced -75.0k -75,000
7 Polar Asset Management Partners Inc. 0.08% of their portfolio TORONTO, A6 300,000300.0k $3.2m $3.2m 0.08% Unchanged
8 Exos Asset Management LLC 3.58% of their portfolio NEW YORK, NY 290,890290.9k $3.1m $3.1m 3.58% Reduced -9.1k -9,110
9 Westchester Capital Management, LLC 0.11% of their portfolio VALHALLA, NY 235,000235.0k $2.5m $2.5m 0.11% Unchanged
10 MANGROVE PARTNERS IM, LLC 0.19% of their portfolio Greenwich, CT 219,451219.5k $2.4m $2.4m 0.19% New
11 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 130,260130.3k $1.4m $1.4m 0.01% Unchanged
12 BERKLEY W R CORP 0.05% of their portfolio Greenwich, CT 87,50687.5k $943.3k $943.3k 0.05% Added +25.7k +25,736
13 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 72,00072.0k $776.9k $776.9k 0.02% Unchanged
14 ROBINSON CAPITAL MANAGEMENT, LLC 0.23% of their portfolio GROSSE POINTE FARMS, MI 59,97460.0k $647.1k $647.1k 0.23% Unchanged
15 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 35,72435.7k $384.2k $384.2k 0.01% Unchanged
16 Tuttle Capital Management, LLC 1.97% of their portfolio RIVERSIDE, CT 30,00030.0k $327.0k $327.0k 1.97% Unchanged
17 CLEAR STREET LLC 0.01% of their portfolio NEW YORK, NY 20,48020.5k $221.0k $221.0k 0.01% Added +16.7k +16,660
18 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged