Payoneer subsidiary redeems all Series 1 Preferred for ~$40M, extinguishing covenants

Payoneer Global Inc.

Aggregate redemption price of approximately $40 million for all outstanding Series 1 Preferred shares.
Redemption completed on July 23, 2021 by Payoneer Inc., a subsidiary of Payoneer Global Inc.
All restrictions and other covenants imposed by the terms of the Series 1 Preferred extinguished.

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