FTAC Olympus Acquisition Corp.
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- Business
- FTAC Olympus Acquisition Corp. (FTOC) is a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting global fintech opportunities. The company provides no operational products or services as a special purpose acquisition company but maintains trust assets from its initial public offering for potential de-SPAC transactions. Incorporated in 2020 and headquartered in Philadelphia, Pennsylvania, it operates without specified geographic limitations beyond a global focus. In a major development, FTAC Olympus Acquisition Corp. announced a definitive business combination with Payoneer Inc., a cross-border payments platform, in February 2021, valuing the transaction at approximately $3.3 billion; the merger closed in June 2021, resulting in Payoneer Global Inc. trading under the symbols PAYO and PAYOW on Nasdaq. The deal included a $300 million PIPE investment from investors such as Wellington Management, Dragoneer Investment Group, and Fidelity Management & Research Company. No subsequent mergers or redemptions have been reported, with FTOC shares continuing to trade as of late 2025 around $10.76, reflecting ongoing status as an active SPAC.
Company News
FTAC Olympus Acquisition Corp. Shareholders Approve Proposed Business Combination with Payoneer
FTAC Olympus Acquisition Corp. Shareholders Approve Proposed Business Combination with Payoneer
Payoneer Rebrands Ahead of Public Listing: A Universe of Opportunities
FTAC Olympus Acquisition Corp. Announces Date for Special Meeting of Shareholders Relating to Previously Announced Combination with Payoneer
FTAC Olympus Acquisition Corp. Announces Date for Special Meeting of Shareholders Relating to Previously Announced Combination with Payoneer
EXCLUSIVE: Payoneer CEO Talks Partnerships, Growth Strategy, Earnings On 'SPACs Attack'
Payoneer Announces Participation in Upcoming Investor Conferences
Payoneer Announces Participation in Upcoming Investor Conferences
Payoneer Announces First Quarter 2021 Financial Results
Payoneer: On Track For A Big 2021
Why This Fintech Chose a SPAC for Going Public
An Interview With Payoneer's CEO and 2 SPACs We're Watching
Payoneer to Participate in Upcoming Conferences
Payoneer to Participate in Upcoming Conferences
Payoneer: Payments SPAC Winner
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of FTAC Olympus Acquisition Corp. - FTOC
SHAREHOLDER ALERT: WeissLaw LLP Investigates FTAC Olympus Acquisition Corporation
Fintech News: FTOC Stock Surges on Payoneer SPAC Merger Approval
Why FTAC Olympus Acquisition Corp Just Jumped 10%
Payoneer to go public after SPAC merger, that values payments company at more than $3 billion