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Payoneer Global Inc (PAYOW) is a leading fintech innovator specializing in cross-border digital payment solutions for businesses and professionals. This news hub provides investors and industry observers with timely updates on the company's strategic developments and market activities.
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Payoneer Global Inc. (Nasdaq: PAYO) has announced the expiration of its offer to purchase all outstanding Warrants at $0.78 per Warrant in cash. As of the September 9, 2024 expiration date, 24,030,937 Warrants (95.5% of outstanding) were validly tendered. Payoneer expects to pay approximately $18.7 million for these Warrants. The company also received consent from 95.5% of Warrant holders to amend the Warrant Agreement, allowing redemption of remaining Warrants at $0.70 per Warrant. Payoneer has set September 25, 2024 as the redemption date for untendered Warrants, after which no Warrants will remain outstanding. This move aims to simplify Payoneer's capital structure.
Payoneer Global Inc. (Nasdaq: PAYO) has launched an offer to purchase all outstanding public warrants at $0.78 per warrant in cash. The company is also seeking consent to amend the Warrant Agreement, allowing redemption of each warrant for $0.70 in cash. Parties representing 65.6% of outstanding warrants have agreed to tender and consent to the amendment. The offer expires on September 9, 2024, unless extended or terminated earlier. As of August 9, 2024, there were 25,158,086 warrants outstanding. Citigroup is acting as the Dealer Manager, while Sodali & Co. is the Information Agent. The offer is subject to certain conditions but not contingent on a minimum number of warrants tendered.
