$FTOC why am I so bullish near-term? Other than the great DD in the thread below about @Payoneer as a company, it's the timing and wording of the @business article https://www.bloomberg.com ./news/articles/2021-01-20/payments-startup-payoneer-said-in-merger-talks-with-cohen-spac. https://twitter.com/skaushi/status/1352853167126396928

Similarly-worded articles for $DMYD and $BFT were done in late October/early November, and it took a month in both cases before DA was finalized. The SPAC market was not so great early November, and these stocks traded mostly in the $10s and $11s over the next month.

The market is much hotter now, with many SPACs trading at a 30% or greater premium with no substantial rumor. $FTOC is trading in the $13s on this rumor. There should be greater interest/urgency for PIPE investors to get in at $10.

Per the article: "The special purpose acquisition company has begun talks to raise new equity to support a transaction that’s slated to value the combined entity at more than $2.5 billion..."

The specific mention of the valuation suggests that deal is essentially in place.

And that PIPE is final hurdle to clear. The risks are that in the meantime, the market pulls back or that finalizing the deal takes longer than expected for whatever reason.

I think it's a good risk/reward in the low/mid $13s for a prized fintech play such as @Payoneer, which had $300M reported rev. in 2019, reported to be already profitable, and what seems to be a reasonable valuation of around $2.5B to come public.

My positions are $13.29 commons and $3.76 warrants. Higher than I'd like from risk management standpoint, but holding for the near-term potential.

One other risk is that potential PIPE investors will discount the current market frothiness, which could dampen their urgency to commit to a PIPE sooner.