FTCV - Fintech firm Pico sets $1.8B SPAC deal with financier Betsy Cohen who took Payoneer public

Famed fintech investor Betsy Cohen’s FTAC Athena Acquisition Corp. (FTAA)(NASDAQ:FTAAU) agreed Wednesday to merge with financial-connectivity firm Pico at about a $1.8B valuation – joining Payoneer (NASDAQ:PAYO) and other firms that Cohen is or has taken public via SPAC deals. "Pico is at the frontier of modernizing the financial ecosystem by providing global connectivity and market insight solutions for its customers, and we look forward to working together in order to build long-term value for our stockholders,” Cohen said in a statement announcing the deal. FTAA rose slightly on the news, up 0.7% at $9.85 shortly before noon ET. Plans call for Pico to take over FTAA’s Nasdaq listing when the deal closes late this year. The companies didn’t say what ticker symbol the fintech will trade under. Pico provides major financial firms and exchanges with such services as co-location, cloud access and network connectivity across the America, Europe and

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Fintech firm Pico sets $1.8B SPAC deal with financier Betsy Cohen, who took Payoneer public