secwatch.observer — SEC 8-K summary
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Issuer:     Payoneer Global Inc. (PAYO)
CIK:        0001845815
Form:       8-K
Filed at:   2021-07-01T23:59:59+00:00
Accession:  0001213900-21-035350
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1845815/000121390021035350/0001213900-21-035350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1845815/000121390021035350/ea143589-8k_newstarship.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-035350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer