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Any shares of our Class B widespread inventory remaining on the market for issuance beneath our 2011 Plan when our 2020 Plan turns into environment friendly will become obtainable for issuance beneath our 2020 Plan as shares of our Class A widespread stock. We anticipate that prices of subscription revenue to increase in absolute dollars as we broaden our customer base and make continued investments in our cloud infrastructure and assist million useless ad campaigns group. We think about that our capability to increase the variety of massive purchasers is an indicator of our market penetration, strategic demand for our platform, the expansion of our enterprise, and our potential future enterprise options.
Special objective acquisition corporations, known as SPACs, raise money by way of a shell firm to buy an present firm and have become more and more in style in the past year. The company went public by merging with FTAC Olympus Acquisition Corp., a blank-check firm run by Bancorp founder Betsy Cohen. The shares had been previously listed underneath the ticker FTOCU for Cohen’s special objective automobile. At the time of the deal’s announcement in February, Payoneer was valued at $3.3 billion.
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