Member Company Payoneer Goes Public
June 28, 2021
NEW YORK & PHILADELPHIA--(BUSINESS WIRE)--Payoneer Inc. (“Payoneer”), the commerce technology company powering payments and growth for the new global economy, and FTAC Olympus Acquisition Corp. (NASDAQ: FTOC) ("FTOC"), a special purpose acquisition company, announced on Friday that they have completed their business combination. The business combination was approved by FTOC’s shareholders at an extraordinary general meeting held on June 23, 2021.
As a result of the completion of this business combination, a new public entity under the name Payoneer Global Inc. (“the Company”), and its common stock and warrants, will begin trading today on the Nasdaq stock market under the ticker symbol “PAYO” and “PAYOW”, respectively.
Payoneer’s global management team, led by Scott Galit, Chief Executive Officer, Michael Levine, Chief Financial Officer, and Keren Levy, Chief Operating Officer, will continue to lead the Company.