Payoneer Global Inc. has entered into a definitive merger agreement to be acquired by Neon Maple Parent Inc. (Nuvei). Under the terms of the agreement, Payoneer stockholders will receive $7.40 in cash for each share of common stock they own. Upon completion, Payoneer will become a wholly owned subsidiary of Nuvei.
Key Details
- Transaction Terms: The acquisition is an all-cash deal valued at $7.40 per share. The agreement was signed on June 12, 2026.
- Termination Fees: The agreement includes termination fees, with Payoneer required to pay Nuvei $89 million and Nuvei required to pay Payoneer $165 million under certain specified circumstances.
- Management Update: Concurrently with the agreement, CEO John Caplan will cease to be an employee upon the closing of the merger and will serve as a consultant for a nine-month transition period.
- Closing Conditions: The transaction is subject to customary closing conditions, including approval by Payoneer stockholders and the receipt of required regulatory approvals.