---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-035350"
form_type: "8-K"
ticker: "PAYO"
cik: "0001845815"
company_name: "Payoneer Global Inc."
filed_at: "2021-07-01T23:59:59+00:00"
generated_at: "2026-06-30T08:12:09.535971+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Payoneer closes de-SPAC merger with FTAC Olympus, begins trading on Nasdaq under PAYO

## Summary
- Closing on June 25, 2021; 338.3M shares outstanding; trading symbol PAYO on Nasdaq as of June 28.
- PIPE investors received 30M shares; trust account had $574.5M after $180.3M in redemptions.
- Q1 2021 revenue $100.6M, net loss $3.5M; FY2020 revenue $345.6M, net loss $23.7M.
- Scott Galit continues as CEO with amended employment agreement; non-compete may extend to 12 months.
- Board adopted 2021 Omnibus Incentive Plan (38M shares reserved) and ESPP (7.6M shares).

## SEC filing metadata
- accession: 0001213900-21-035350
- form_type: 8-K
- ticker: PAYO
- cik: 0001845815
- company_name: Payoneer Global Inc.
- filed_at: 2021-07-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845815/000121390021035350/0001213900-21-035350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845815/000121390021035350/ea143589-8k_newstarship.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-035350
- JSON: https://secwatch.observer/filing/0001213900-21-035350.json
- Plain text: https://secwatch.observer/filing/0001213900-21-035350.txt

## Key facts
- Executive change
  Betsy Z. Cohen resigned as Director at Payoneer Global Inc..
  - Action: resigned
  - Role: Director
  source text: At Closing, all incumbent directors and officers of ParentCo, Betsy Z. Cohen, Ryan M. Gilbert, and Amanda Abrams, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845815/000121390021035350/0001213900-21-035350-index.htm
- Executive change
  Ryan M. Gilbert resigned as Director at Payoneer Global Inc..
  - Action: resigned
  - Role: Director
  source text: At Closing, all incumbent directors and officers of ParentCo, Betsy Z. Cohen, Ryan M. Gilbert, and Amanda Abrams, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845815/000121390021035350/0001213900-21-035350-index.htm
- Executive change
  Amanda Abrams resigned as Director at Payoneer Global Inc..
  - Action: resigned
  - Role: Director
  source text: At Closing, all incumbent directors and officers of ParentCo, Betsy Z. Cohen, Ryan M. Gilbert, and Amanda Abrams, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845815/000121390021035350/0001213900-21-035350-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.