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SPAC · Merger completed

FTAC Olympus Acquisition Corp.

Business combination with Payoneer Inc.

FTAC Olympus Acquisition Corp. is a blank-check company (SPAC) that raised $750M in its initial public offering on Aug 26, 2020, listing on Nasdaq Capital Market. It completed its business combination with Payoneer Inc. on Jun 25, 2021; the combined company is Payoneer Global Inc. (PAYO). Citigroup led the IPO, with Cantor. Maples and Calder advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

Payoneer enables businesses of any size, from anywhere, to access new economic opportunities by making it possible to transact globally as easily as they do locally. It is the target of a business combination with FTAC Olympus Acquisition Corp.

Status
Merger completed
IPO date
Aug 26, 2020
IPO size
$750M
IPO exchange
Nasdaq Capital Market
Target
Payoneer Inc.
Announced
Feb 3, 2021
Closed
Jun 25, 2021
Combined company
Payoneer Global Inc. (PAYO)
IPO underwriters
Citigroup and Cantor
SPAC counsel (IPO)
Maples and Calder
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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