Payoneer Global Inc. has filed supplemental disclosures to its definitive proxy statement concerning the proposed merger with an affiliate of Nuvei Parent. The supplement is a response to two stockholder lawsuits filed in August 2026 and other demand letters, which alleged that the original proxy statement was materially incomplete. While Payoneer believes the claims are without merit, it is providing the additional disclosures to moot the claims and mitigate potential litigation risks.
Key Details
- Merger Context: The disclosures supplement the proxy statement for the special stockholder meeting scheduled for September 14, 2026, to vote on the merger agreement dated June 12, 2026.
- Legal Challenge: Two lawsuits, filed on August 20 and 21, 2026, allege the proxy statement contained misrepresentations and omissions, seeking to enjoin the merger.
- Company Response: Payoneer denies any legal necessity for the new disclosures but is voluntarily providing them to alleviate the costs and risks of litigation.
- Supplemental Information: The new disclosures provide additional context on potential conflicts of interest and include updated financial analysis tables related to the merger valuation.