We advised Payoneer on the tender offer

Davis Polk advised Payoneer Global Inc. in its cash tender offer for all of its outstanding public warrants to purchase shares of its common stock, and its solicitation of consents from holders of the warrants to amend the warrant agreement governing the warrants to permit Payoneer to redeem all warrants that remain outstanding upon the settlement of the tender offer. A total of 24,030,937 warrants, or approximately 95.5% of the outstanding warrants, were tendered. 

Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is its mission to enable any entrepreneur and business anywhere to participate and succeed in an increasingly digital global economy. Since its founding, it has built a global financial stack that removes barriers and simplifies cross-border commerce. Payoneer makes it easier for millions of SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid, manage their funds across multiple currencies, and grow their businesses.

The Davis Polk capital markets team included partner Byron B. Rooney, counsel John H. Runne and associates Tomisin Ogunsanya and Megan P. Phansalkar. Partner Kara L. Mungovan and associates Ben Silver and Katherine S. Xiu provided tax advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post