FTAC Hera Acquisition Corp. Announces Completion of $851 million Initial Public Offering, Including Partial Exercise of Over-Allotment Option
03/09/2021 | 04:45pm EDT
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PHILADELPHIA, PA, March 09, 2021 (GLOBE NEWSWIRE) FTAC Hera Acquisition Corp. (NASDAQ:HERAU) (the “Company”), a blank-check company led by Betsy Z. Cohen as Chairman of the Board and Daniel G. Cohen as President and Chief Executive Officer formed for the purpose of acquiring or merging with one or more technology and financial services technology companies, announced the completion of its initial public offering on March 8, 2021 and the partial exercise of the underwriters’ over-allotment option today, resulting in the sale of 85,147,760 units at a price of $10.00 per unit, for gross proceeds to the Company of $851,477,600. The Company s units began trading on the Nasdaq Capital Market under the symbol HERAU on March 4, 2021. Each unit issued in the offering cons
Published February 14, 2021, 7:00 AM
February 10, 2021 – Payoneer Inc. (“Payoneer”), the global payment and commerce-enabling platform which powers growth for millions of digital businesses worldwide, and FTAC Olympus Acquisition Corp. (NASDAQ:FTOCU) (“FTOC”), a special purpose acquisition company, today announced they have entered into a definitive agreement and plan of reorganization (the “Reorganization”). Upon closing of the reorganization, the newly created holding company will be renamed Payoneer Global Inc. and the combined company (the “Company”) will operate as Payoneer, a U.S. publicly listed entity. The Company is expected to have an implied estimated enterprise value of approximately $3.3 billion at closing, based on current assumptions.