- FTAC Olympus Acquisition (NASDAQ:FTOC) soars 29% after the Betsy Cohen-sponsored SPAC is said to be in merger talks for payments startup Payoneer, Bloomberg reports.
- Trading in FTOC was halted at about 3:14 PM ET, but has since resumed.
- In December, Calcalist reported that Payoneer was in advanced talks to merge with a SPAC for a valuation in the $2.5B-$3B range.
- FTOC's IPO in August raised $750M.
FTAC Olympus stock surges after Payoneer merger talks reported
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