Skip to main content
spacbrain

FTAC Olympus Acquisition Corp.

FTOC · Nasdaq

Trust settledPayoneer Inc. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from Cohen Circle (Betsy Cohen), listed on Nasdaq in August 2020.
What it's doing now
It agreed in February 2021 to buy Payoneer Inc., a Digital payment and commerce-enabling platform company. The deal valued that business at about $3.12B. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
Payoneer Inc.
Industry
Digital payment and commerce-enabling platform
Deal value
$3.1B
announced 3 February 2021
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
26 August 2020
size not on file · 100.0% of each $10 unit into trust
Headquarters
2929 ARCH STREET STE 1703, PHILADELPHIA, PA, 19104
registered in the Cayman Islands
Lead underwriter
not extracted from the prospectus yet
Key officers
Jones Walter C (Director) · Trachtman Jan Hopkins (Director) · Patel Shami (Chief Operating Officer)
Listed securities
FTOC common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

2 dated milestones

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 26 August 2020IPOpassed

    IPO size not on file

  2. 3 February 2021Deal announcedpassed

    Combination with Payoneer Inc.

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

  • Payoneer Inc.$3.1B · announced 3 February 2021
    closedpost-close PAYOSEC primary

The score

deterministic, from filed fields

FTOC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

FTAC Olympus Acquisition Corp. was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker FTOC, with SEC CIK 0001816090 and SIC industry code 6770. The company priced its IPO on August 26, 2020, per a 424B prospectus (accession 0001213900-20-023819), and the FTOC ticker appears on the cover page of an 8-K filed on June 25, 2021 (accession 0001213900-21-034225). The vehicle completed a business combination and no longer files, with the closing established by an 8-K filed on July 1, 2021 (accession 0001213900-21-035350), in which the successor registrant Payoneer Global Inc. (tickers PAYO and PAYOW, CIK 0001845815) reported the completion of the acquisition under item 2.01, naming FTAC Olympus Acquisition Corp. The SPAC merged into the new registrant and therefore filed no closing report of its own.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • 42523 June 20210001213900-21-033638opens on sec.gov in a new tab

    The tax recharacterization from a reorganization to a Section 351 exchange could affect tax consequences for Payoneer stockholders and SPAC shareholders, while the expanded Rollover Holder definition may impact which equity holders participate in the rollover. This is the third amendment in four months, indicating active deal structuring negotiations ahead of closing.

  • 4252 June 20210001213900-21-030504opens on sec.gov in a new tab

    This fixes the vote date and therefore the redemption deadline — the last moment an FTOC holder can take the trust value instead of Payoneer stock.

  • DEFM14A1 June 20210001213900-21-030256opens on sec.gov in a new tab

    The split is stated outright: 95,114,361 shares of New Payoneer common stock go to holders of FTOC Class A ordinary shares and the Class B ordinary shares that convert into Class A on a business combination, while 276,823,091 shares go to Payoneer's stockholders. FTOC's entire shareholder base, sponsor included, therefore takes roughly a quarter of the registered shares. The 25,158,125 warrants are FTOC warrants converting into New Payoneer public warrants, and the shares underlying them are registered on top.

  • 42513 May 20210001213900-21-026131opens on sec.gov in a new tab

    The last quarterly datapoint before the FTOC vote, and the strongest case for not redeeming — accelerating revenue with the net loss more than halved.

  • 8-K10 May 20210001213900-21-025403opens on sec.gov in a new tab

    A second amendment six weeks before the vote means the terms FTOC shareholders approve are twice-amended; the operative document is the agreement as amended February 16 and May 10, 2021.

  • 4257 May 20210001213900-21-025163opens on sec.gov in a new tab

    The warrant restatement reclassifies warrants from equity to liabilities; it changes reported earnings and equity but not the cash in trust, so FTOC's redemption value is unaffected even as its financials are withdrawn mid-deal.

Show 13 more material filings
  • 8-K7 May 20210001213900-21-025161opens on sec.gov in a new tab

    Same disclosure filed under the 8-K cover; it withdraws reliance on prior financials without changing the trust balance behind FTOC's shares.

  • 42531 March 20210001213900-21-019191opens on sec.gov in a new tab

    The first audited figures behind the $3.3 billion valuation FTOC holders are voting on — revenue growth of 9% on GAAP numbers is far below the adjusted growth management emphasises.

  • 42523 March 20210001213900-21-017292opens on sec.gov in a new tab

    Gives FTOC holders the target's actual 2020 volume and revenue against the $3.3 billion pro forma value — the ratio that decides whether the deal beats the trust.

  • 8-K16 February 20210001213900-21-009593opens on sec.gov in a new tab

    An amendment to the definitive agreement two weeks after signing, filed the same day as the preliminary proxy — the terms FTOC holders vote on are the amended ones, not the originals.

  • 4254 February 20210001104659-21-011827opens on sec.gov in a new tab

    Puts hard numbers on the deal — $3.3 billion value, $300 million PIPE, oversubscribed — and states FTOC's outside date of August 2022, the deadline that would force liquidation if the deal failed.

  • 4254 February 20210001104659-21-011830opens on sec.gov in a new tab

    The first disclosure of the headline valuation and post-close cash for the FTOC/Payoneer deal, which is what a holder weighs against the trust when deciding whether to redeem.

  • 8-K3 February 20210001104659-21-011297opens on sec.gov in a new tab

    The definitive agreement for the Payoneer combination; the earn-out and PIPE terms and the trust-account covenants in it govern what a non-redeeming FTOC holder ends up owning.

  • 4253 February 20210001104659-21-011653opens on sec.gov in a new tab

    This is the deal announcement that converts FTOC from a searching SPAC with a $754.7 million trust into a deal SPAC, and it starts the clock on the shareholder vote and redemption election.

  • 8-K25 September 20200001213900-20-028474opens on sec.gov in a new tab

    Final IPO size is fixed at $754.7 million in trust with founder shares cut to keep the sponsor's 20% ratio — the denominator for every later FTOC per-share trust figure.

  • 8-K4 September 20200001213900-20-025273opens on sec.gov in a new tab

    Fixes FTOC's trust at $10.00 per public share on a $750 million raise, one of the largest SPAC trusts of the 2020 cohort.

  • 8-K31 August 20200001213900-20-024578opens on sec.gov in a new tab

    The IPO-date charter that establishes FTOC's trust, redemption right and business-combination test — the governing terms for every later extension or redemption.

  • 424B426 August 20200001213900-20-023819opens on sec.gov in a new tab

    This is the operative document for FTAC Olympus's securities,, and it states two warrant call triggers: at $18.00 and at $10.00 per Class A ordinary share, each adjustable to 180% and 100% of the higher of the Market Value and the Newly Issued Price. Warrants become exercisable on the later of 30 days after the initial business combination and 12 months from the closing of this offering. If no business combination is completed within 24 months from closing, 100% of the public shares are redeemed at the trust amount, less up to $100,000 of interest available for dissolution expenses.

  • S-17 August 20200001213900-20-020736opens on sec.gov in a new tab

    The document states two warrant redemption triggers, at $18.00 and at $10.00 per Class A ordinary share, each adjustable to 180% and 100% of the higher of the Market Value and the Newly Issued Price. Warrants become exercisable on the later of 30 days after the business combination and 12 months from the closing of the offering,. If no initial business combination is completed within 24 months from closing, 100% of the public shares are redeemed at the per-share trust amount, less up to $100,000 of interest for dissolution expenses.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

Show the other 10 filings

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPO$10.00

from 424B4 0001213900-20-023819

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Blank Checks (6770)
Registered inthe Cayman Islands
Exchange · CIKNasdaq · 0001816090

All filings on EDGARopens on sec.gov in a new tab

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

6 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

38 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail6 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

FTOC — company record
UNIVERSE-HISTORY2026-08-16

admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001213900-20-023819 priced 2020-08-26; common ticker FTOC off 8-K 0001213900-21-034225 (2021-06-25); lifecycle EXITED. Ending PROVEN, not inferred: CLOSED per 8-K 0001213900-21-035350 (2021-07-01) — the successor registrant Payoneer Global Inc. (PAYO, PAYOW) (CIK 0001845815) filed an 8-K carrying item 2.01 (Completion of Acquisition) naming "FTAC Olympus Acquisition Corp." — the SPAC merged into a new registrant and so filed no closing report of its own. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SECURITY-TERMS-MINED2026-08-19

warrantStrike=11.5, unitSeparationDays=52 from the definitive prospectus (0001213900-20-023819). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate

SPONSOR-ID2026-08-14

sponsor "FTAC Olympus Sponsor, LLC" (SEC CIK 0001816088) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-20-023722.

Deal — Payoneer Inc.
DEAL-TARGET2021-06-01

AI-extracted target (z-ai/glm-5.2, conf 0.99)

BACKFILL2026-08-26

target recovered for a completed de-SPAC

PROFILE-STUB2026-08-27

entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read

Back to the screenerVault note