0000950103-21-009675.txt : 20210629
0000950103-21-009675.hdr.sgml : 20210629
20210629194530
ACCESSION NUMBER: 0000950103-21-009675
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210625
FILED AS OF DATE: 20210629
DATE AS OF CHANGE: 20210629
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Oren Noam
CENTRAL INDEX KEY: 0001868932
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40547
FILM NUMBER: 211059802
MAIL ADDRESS:
STREET 1: C/O FTAC OLYMPUS ACQUISITION CORP.
STREET 2: 2929 ARCH STREET, SUITE 1703
CITY: PHILADELPHIA
STATE: PA
ZIP: 19104
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Payoneer Global Inc.
CENTRAL INDEX KEY: 0001845815
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 861778671
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2929 ARCH STREET, SUITE 1703
CITY: PHILADELPHIA
STATE: PA
ZIP: 19104
BUSINESS PHONE: 215-701-9555
MAIL ADDRESS:
STREET 1: 2929 ARCH STREET, SUITE 1703
CITY: PHILADELPHIA
STATE: PA
ZIP: 19104
FORMER COMPANY:
FORMER CONFORMED NAME: New Starship Parent, Inc.
DATE OF NAME CHANGE: 20210211
4
1
dp153333_4-oren.xml
FORM 4
X0306
4
2021-06-25
0
0001845815
Payoneer Global Inc.
PAYO
0001868932
Oren Noam
150 W 30TH ST
NEW YORK
NY
10001
0
1
0
0
Chief Technology Officer
Common Stock
2021-06-25
4
A
0
477227
A
477227
D
Earnout Rights
2021-06-25
4
A
0
176225
A
2026-06-25
Common Stock
176225
176225
D
Stock Option (Right to Buy)
0.62
2021-06-25
4
A
0
79828
A
2025-01-25
Common Stock
79828
79828
D
Stock Option (Right to Buy)
1.41
2021-06-25
4
A
0
274449
A
2026-02-14
Common Stock
274449
274449
D
Stock Option (Right to Buy)
3.02
2021-06-25
4
A
0
188000
A
2027-02-11
Common Stock
188000
188000
D
Stock Option (Right to Buy)
2.80
2021-06-25
4
A
0
300800
A
2028-02-04
Common Stock
300800
300800
D
Stock Option (Right to Buy)
2.90
2021-06-25
4
A
0
310203
A
2029-02-20
Common Stock
310203
310203
D
Stock Option (Right to Buy)
2.74
2021-06-25
4
A
0
82720
A
2030-03-17
Common Stock
82720
82720
D
Stock Option (Right to Buy)
0.01
2021-06-25
4
A
0
124080
A
2030-03-17
Common Stock
124080
124080
D
Stock Option (Right to Buy)
7.87
2021-06-25
4
A
0
62666
A
2031-02-05
Common Stock
62666
62666
D
Stock Option (Right to Buy)
0.01
2021-06-25
4
A
0
94000
A
2031-02-05
Common Stock
94000
94000
D
Pursuant to the Agreement and Plan of Reorganization, dated as of February 3, 2021, as amended on February 16, 2021, May 10, 2021 and June 22, 2021, by and among New Starship Parent, Inc. ("New Starship"), Starship Merger Sub I Inc. ("Merger Sub I"), Starship Merger Sub II, Inc. ("Merger Sub II"), Payoneer Inc. ("Legacy Payoneer") and FTAC Olympus Acquisition Corp. ("SPAC"), Merger Sub I merged with and into SPAC, with SPAC surviving as a direct wholly owned subsidiary of New Starship (the "SPAC Merger") and, immediately after the SPAC Merger, Merger Sub II merged with and into Legacy Payoneer, with Legacy Payoneer surviving as a direct wholly owned subsidiary of New Starship, with New Starship subsequently changing its name to Payoneer Global Inc. (the "Issuer"). The transactions contemplated by the Agreement and Plan of Reorganization and the amendments thereto are referred to herein as the "Reorganization"
Pursuant to the terms of the Reorganization Agreement, the shareholders of Legacy Payoneer at the effective time of the Reorganization (the "Effective Time") received 1.88 shares of common stock of the Issuer ("Common Stock") for each share of common stock of Legacy Payoneer held by them immediately prior to the Effective Time and certain rights to additional shares of Common Stock upon the achievement of certain milestones as described in the Reorganization Agreement (the "Earnout Rights"). Additionally, certain equity awards of Legacy Payoneer were cancelled and converted into equity awards of the Issuer.
Reflects shares of Common Stock acquired pursuant to the Reorganization Agreement.
Reflects Earnout Rights acquired pursuant to the Reorganization Agreement. Pursuant to earnout provisions in the Reorganization Agreement, the Reporting Person is entitled to receive such shares of Common Stock if, from the closing of the Reorganization (the "Closing") until the fifth anniversary thereof, the closing per share price of Common Stock exceeds certain thresholds as discussed below.
Of these Earnout Rights, one-half will be issued if the closing per share price of Common Stock is greater than or equal to $15.00 for any 20 trading days within any 30 trading day period within the first 30 months following the Closing, and one-half will be issued if the closing per share price of Common Stock is greater than or equal to $17.00 for any 20 trading days within any 30 trading day period within the first 60 months following the Closing. The issuance of such shares are subject to certain adjustments, including pro rata adjustments, as set forth in the Reorganization Agreement
This option is fully vested and exercisable. This option was received in the Reorganization in exchange for an option to purchase 80,000 shares of common stock of Legacy Payoneer.
This option is fully vested and exercisable. This option was received in the Reorganization in exchange for an option to purchase 145,984 shares of common stock of Legacy Payoneer.
This option is fully vested and exercisable. This option was received in the Reorganization in exchange for an option to purchase 100,000 shares of common stock of Legacy Payoneer.
244,400 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 160,000 shares of common stock of Legacy Payoneer.
174,488 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 165,002 shares of common stock of Legacy Payoneer.
25,850 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 44,000 shares of common stock of Legacy Payoneer.
38,775 shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 66,000 shares of common stock of Legacy Payoneer.
No shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 33,333 shares of common stock of Legacy Payoneer. 25% of the shares subject to this option vest on February 5, 2022, and the remainder vest ratably on a quarterly basis thereafter.
No shares subject to this option have vested and are exercisable. This option was received in the Reorganization in exchange for an option to purchase 50,000 shares of common stock of Legacy Payoneer.
/s/ Noam Oren
2021-06-28