Payoneer, an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition, Bloomberg reports. FTAC rose as much as 29% on the news.
The SPAC has begun talks to raise new equity to support a transaction that’s slated to value the combined entity at more than $2.5 billion, said one of Bloomberg’s sources.
Representatives for New York-based Payoneer and FTAC declined to comment. Read more.
