NEW YORK, Feb. 3, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of FTAC Olympus Acquisition Corporation ("FTOC" or the "Company") (FTOC) , a special purpose acquisition company, in connection with the Company's proposed merger with Payoneer Inc. ("Payoneer"), a privately-held online financial services company. Under the terms of the merger agreement, FTOC will acquire Payoneer through a reverse merger that will result in Payoneer becoming a publicly traded company. The transaction implies an enterprise value for the combined company of approximately $3.3 billion.
If you own FTOC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact: Joshua Rubin, Esq.WeissLaw LLP1500 Broadway, 16 th Floor New York, NY 10036 (212) 682-3025 (888) 593-4771 email@example.com
WeissLaw LLP is investigating whether FTOC's board acted in the best interest of FTOC's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Payoneer, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to FTOC's public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
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SOURCE WeissLaw LLP