Payoneer Global Inc. Files 8-K Report
Ticker: PAYO · Form: 8-K · Filed: Aug 12, 2024 · CIK: 1845815
Sentiment: neutral
Topics: 8-K, financial-reporting, corporate-filing
TL;DR
Payoneer filed an 8-K. Mostly boilerplate, but confirms corporate details.
AI Summary
On August 12, 2024, Payoneer Global Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, with no specific material events or transactions detailed in the provided text. The report confirms Payoneer Global Inc. is incorporated in Delaware and provides its principal executive office address in New York.
Why It Matters
This 8-K filing serves as a public record of Payoneer Global Inc.'s corporate information and financial reporting, which is crucial for investors and regulatory compliance.
Risk Assessment
Risk Level: low — The filing is a routine 8-K report and does not disclose any new material risks or adverse information.
Key Numbers
- 001-40547 — Commission File Number (Identifies the company's filing with the SEC)
- 86-1778671 — I.R.S. Employer Identification No. (Company's tax identification number)
Key Players & Entities
- Payoneer Global Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- New York (location) — Principal Executive Offices
- August 12, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for Payoneer Global Inc.?
The primary purpose of this 8-K filing is to report financial statements and exhibits, as indicated by the 'ITEM INFORMATION' section.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on August 12, 2024.
In which U.S. state is Payoneer Global Inc. incorporated?
Payoneer Global Inc. is incorporated in Delaware.
What is the address of Payoneer Global Inc.'s principal executive offices?
The address of Payoneer Global Inc.'s principal executive offices is 195 Broadway, 27th floor, New York, New York, 10007.
Does this filing indicate any specific new business developments or material events?
Based on the provided text, this filing primarily concerns financial statements and exhibits and does not detail any specific new material events or business developments.
Filing Stats: 690 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-08-12 08:05:44
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share PAYO The Nasdaq Stock Mar
- $11.50 — 0.01 par value, at an exercise price of $11.50 per share PAYOW The Nasdaq Stock Ma
- $0.78 — $0.01 per share, at a purchase price of $0.78 in cash, without interest. Payoneer al
- $0.70 — to redeem each outstanding Warrant for $0.70 in cash, without interest, which is app
Filing Documents
- dp216539_8k.htm (8-K) — 29KB
- dp216539_ex9901.htm (EX-99.1) — 16KB
- image_001.jpg (GRAPHIC) — 2KB
- 0000950103-24-012045.txt ( ) — 264KB
- payo-20240812.xsd (EX-101.SCH) — 3KB
- payo-20240812_def.xml (EX-101.DEF) — 26KB
- payo-20240812_lab.xml (EX-101.LAB) — 36KB
- payo-20240812_pre.xml (EX-101.PRE) — 25KB
- dp216539_8k_htm.xml (XML) — 5KB
01
Item 8.01 Other Events. On August 12, 2024, Payoneer Global Inc., a Delaware corporation (" Payoneer "), issued a press release announcing the commencement of its offer to purchase (the " Offer ") all of its outstanding public warrants (the " Warrants" ) to purchase shares of its common stock, par value $0.01 per share, at a purchase price of $0.78 in cash, without interest. Payoneer also announced the solicitation of consents (the " Consent Solicitation ") to amend the Warrant Agreement, dated August 25, 2020, by and between FTAC Olympus Acquisition Corp. (" FTOC ") and Continental Stock Transfer & Trust Company (" Continental "), as amended by the Assignment, Assumption and Amendment Agreement, dated June 25, 2021, by and among Payoneer, FTOC and Continental (as amended, the "Warrant Agreement "), which governs all of the Warrants, to permit Payoneer to redeem each outstanding Warrant for $0.70 in cash, without interest, which is approximately 10% less than the price applicable to the Offer (such amendment, the " Warrant Amendment "). Pursuant to the terms of the Warrant Agreement, the adoption of the Warrant Amendment will require the consent of holders of at least 65% of the then outstanding Warrants. The Offer will be open until 12:00 midnight, Eastern Time, at the end of the day on September 9, 2024 (the " Expiration Date "), unless extended or earlier terminated by Payoneer. Tendered Warrants may be withdrawn by holders at any time prior to the Expiration Date. The Offer is not conditioned upon any minimum number of Warrants being tendered in the Offer. The Offer is, however, subject to other conditions described in the Offer and Consent Solicitation.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release, dated August 12, 2024, issued by Payoneer Global Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PAYONEER GLOBAL INC. August 12, 2024 By: /s/ Bea Ordonez Name: Bea Ordonez Title: Chief Financial Officer