FTOCU = 1C + 1/3W


Prospectus 8/6/20

1W + $11.50. Call $18.

Term 24 months. Closed 8/28/20.

Trust = $10.00. $750,000,000, or $862,500,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit), will be deposited into a trust account with Continental Stock Transfer & Trust Company acting as trustee.

  • ​The underwriters exercised the option in part and on September 23, 2020 the Company sold 474,376 Over-Allotment Units, which were sold at an offering price of $10.00 per Unit, generating gross proceeds of $4,743,760.


As previously reported, on August 28, 2020, FTAC Olympus Acquisition Corp. (the “Company”) consummated the sale of 75,000,000 units (the “Units”) in its initial public offering (the “IPO”). Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (“Ordinary Shares”), and one-third of one redeemable warrant (each, a “Warrant”), where each whole Warrant entitles the holder to purchase one Ordinary Share for $11.50 per share, subject to adjustment as provided in the Company’s registration statement on Form S-1, initially filed with the Securities and Exchange Commission on August 6, 2020 (File No. 333-241831). The Units were sold in the IPO at an offering price of $10.00 per Unit for gross proceeds of $750,000,000 (before underwriting discounts and commissions and offering expenses). 

We currently intend to concentrate our efforts on identifying technology and financial services technology, or fintech, companies that power transformation and innovation. Our expertise lends itself well to pursuing platforms related to the financial services, real estate, insurance, ecommerce and related technology infrastructure sectors, but we are not required to complete our initial business combination with a business in these industries and, as a result, we may pursue a business combination outside of these industries. We expect to pursue global businesses but may also acquire a domestic company.

​Mrs. Cohen, our Chairman, Mr. Gilbert, our President and Chief Executive Officer, and Mr. Patel, our Chief Operating Officer, have extensive experience in the technology and financial services industries, generally, and the financial technology industry, in particular, as well as extensive experience in operating technology and financial services companies in a public company environment.

Mrs. Cohen, with over 40 years of experience, is the Chairmanof FinTech III. Mrs. Cohen is also a founder, and from September 2000 through December 2014 served as the Chief Executive Officer, of Bancorp (Nasdaq: TBBK), a financial holding company with approximately $5.5 billion of total assets as of March 31, 2020, whose principal subsidiary is The Bancorp Bank, a bank that provides a wide range of commercial and retail banking products and services to both regional and national markets. Bancorp’s customers access its banking services through its website and obtain cash withdrawals from automated teller machines. Bancorp provides affinity banking services to members and employees of organizations or businesses under the name of and through the website of such organization or business, and has developed extensive systems for processing debit and credit card transactions and providing prepaid, or stored value, card services. Mrs. Cohen also served as the Chairman of the Board of Directors of FinTech I until the Fintech I Acquisition and, following the FinTech I Acquisition, continued to serve on the FinTech I board of directors until 2016. Mrs. Cohen served as the Chairman of the Board of Directors of Fintech II from 2017 to 2018 until the Fintech II acquisition. Mrs. Cohen is also a founder of RAIT Financial Trust, formerly a publicly traded real estate investment trust, and was its Chairman until December 2010 and its Chief Executive Officer until December 2006. She was also the founder and Chief Executive Officer of JeffBanks, a publicly traded bank holding company, and its subsidiary banks from 1974 until the sale of JeffBanks to Hudson United Bancorp in December 1999.

​​Mr. Gilbert brings over 20 years of global financial services expertise as an entrepreneur, angel investor, venture investor, and advisor spanning payments, remittances, credit, insurance, and compliance. His most notable public company exits include Square and Eventbrite. Mr. Gilbert is a General Partner at Propel Venture Partners, a $250 million venture capital fund backed by BBVA Group. He currently represents Propel Venture Partners on the boards of Guideline, Ease, Steady, Charlie Finance, and Grabango. Mr. Gilbert serves as the executive chairman of SmartBizLoans, a small business lending marketplace that he co-founded as an entrepreneur-in-residence at Venrock. Mr. Gilbert is an independent director of bKash, Bangladesh’s largest remittance and mobile banking platform, a director of River City Bank, a $2.5 billion community bank based in Sacramento, CA, and a director of The Reserve Trust Company, a non-depository Colorado chartered Trust Company backed by QED Investors. He was previously co-founder and CEO of real estate payments company PropertyBridge (acquired by MoneyGram International).

​​Mr Patel is a Managing Director of the Asset Management Group of Cohen & Co. and was active in all aspects of the initial public offering and business combination process of FinTech I and FinTech II, including origination, due diligence and execution. He served as a director, Chairman of the Audit Committee and member of the Compensation Committee of FinTech I and FinTech II. Mr. Patel also serves as an advisor to FinServ Acquisition Corp. (Nasdaq: FNSV), or FinServ, a blank check company which raised $250.0 million in its initial public offering in November 2019. FinServ has not yet identified a company with which it intends to pursue a business combination.