Open for claimsSecurities / stockholder rightsFTAC II stockholder settlement: claims due January 7, 2027
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FTAC II stockholders who held Class A common stock at the March 23, 2021 redemption deadline and were entitled to, but did not, redeem all their shares may qualify for a share of a $59.5 million settlement. Awards depend on documented holdings and transactions, the approved allocation plan and other valid claims; there is no fixed individual payment.
Submit a signed Proof of Claim and Release with supporting records online, or mail it legibly postmarked, by January 7, 2027. The lawsuit concerns alleged impairment of stockholders’ redemption rights in the Paysafe merger. Defendants deny wrongdoing. Payment depends on court approval and finality; ClaimBee is an independent reference, and the official administrator handles claims.
Key facts
- Claim deadline
- January 7, 2027 — online submission or legible mail postmark
- Settlement fund
- $59.5 million before approved deductions
- Covered holders
- FTAC II Class A common stock at March 23, 2021 redemption deadline
- Payment
- Pro rata under the allocation plan; distributions below $10 are not paid
- Proof
- Signed claim plus transaction and holding records
- Opt-out
- No right to exclude yourself from this class
Official settlement administrator: JND Legal Administration
Evidence for key facts
These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.
Claim statusChecked
you must complete and submit a Proof of Claim and Release Form (“Claim Form”) with supporting documentation, no later than January 7, 2027.
Official online claim portalLive portal introduction
Who qualifiesChecked
All Persons who held shares of FTAC II Class A common stock, who held such stock as of the Redemption Deadline (March 23, 2021), either of record or beneficially, and who were entitled to, but did not, redeem all of their shares
Official notice and plan of allocationPDF p8, paragraph41; full exclusions and non-opt-out rule on same page
Who qualifiesChecked
Class Members do not have the right to exclude themselves from the Class.
Official notice and plan of allocationPDF p8, paragraph41
Payment and benefitsChecked
the Defendants shall pay or cause to be paid the Settlement Amount ($59,500,000.00) into an interest-bearing escrow account for the benefit of the Class
Official notice and plan of allocationPDF p8, paragraph42; net-fund deductions paragraph49 p10
Payment and benefitsChecked
The Net Settlement Fund shall be distributed to Authorized Claimants on a pro rata basis based on the relative size of the Authorized Claimant’s Total Losses.
Official notice and plan of allocationPDF p12 following paragraph56; weighting formula paragraph56 p11
Payment and benefitsChecked
If the Authorized Claimant’s Distribution Amount calculates to less than $10.00, it will not be included in the calculation, and no distribution will be made to that Authorized Claimant
Official notice and plan of allocationPDF p12 following paragraph56
Proof requirementsChecked
these documents are necessary to prove and process your claim.
Issued claim formPDF p3, sectionIII: brokerage confirmations/statements and requested holdings/transactions
Proof requirementsChecked
All joint holders must sign this claim.
Issued claim formPDF p2, sectionII; representative authority pp2–3; signed certifications p6
Claim deadlineChecked
Proofs of Claim that are legibly postmarked no later than January 7, 2027, will be treated as received on the postmark date.
Issued claim formPDF p2 footnote1, visually inspected; resolves received-by heading with explicit postmark treatment
Claim deadlineChecked
submitted online or postmarked (if mailed) no later than January 7, 2027
Official notice and plan of allocationPDF p2 rights table; no exact online cutoff time or timezone stated
Who qualifies
- The class includes record or beneficial holders of FTAC II Class A common stock at the March 23, 2021 redemption deadline who were entitled to, but did not, redeem all their shares. It also includes heirs and successors who obtained shares by operation of law. The definition imposes no U.S. or state residency requirement.
- Excluded are the defendants, their immediate families, entities they control, and the legal representatives, heirs, successors or assignees of those excluded parties. Trusts, estates, entities and accounts holding FTAC II Class A or Class B stock for an excluded party’s benefit are also excluded.
- Only qualifying Class A shares are eligible under the allocation plan. Shares redeemed in connection with the merger receive no calculated loss, and option contracts are not eligible securities. The plan assigns zero loss to short sales and purchases covering short sales. Receiving a notice does not by itself establish eligibility or guarantee payment.
- This is a non-opt-out class. Class members cannot exclude themselves and remain bound by the settlement and release if approved, even without a claim.
How to submit a claim
- 1
Gather holding and transaction records
Collect copies of broker confirmations, account statements or equivalent records showing your FTAC II holdings at the close of trading on March 23, 2021; all subsequent FTAC II or New Paysafe purchases, sales and redemptions through February 15, 2023; and New Paysafe holdings at the close of trading on February 15, 2023. Report all requested transactions, including profitable transactions. Do not send originals.
- 2
Complete the official form
Use the official individual online portal for a single account or download the paper claim. Identify the actual beneficial holder, any different record owner, contact details, account number and last four digits of the Social Security or taxpayer identification number. Representatives must identify their capacity and provide evidence of authority. Follow the separate institutional-filing instructions for multiple accounts or large transaction files.
- 3
Sign and attach supporting documents
All joint holders must sign. Complete the claim’s jurisdiction, release, no-duplicate, no-assignment, transaction-completeness and tax-withholding acknowledgments. Attach the required records and respond to additional-information requests. The paper instructions require black or blue ink and warn that incomplete transaction reporting or missing proof can lead to rejection.
- 4
Submit by January 7, 2027
Submit online by January 7, 2027, or mail your completed claim and supporting copies to FTAC II Stockholder Settlement, c/o JND Legal Administration, P.O. Box 91227, Seattle, WA 98111. Although the paper form has a received-by heading, its footnote expressly treats a legible January 7-or-earlier postmark as the receipt date. The form warns that USPS may not postmark mail unless presented in person. Keep copies.
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Frequently asked questions
How is my payment calculated?
The $59.5 million fund, plus interest, is reduced by approved fees and expenses, administration costs, taxes and other approved deductions. The proposed plan weights each valid claim by its calculated Total Loss relative to all valid claims. Sale price, sale date, continuing holdings and a nominal component affect that calculation. The plan’s $0.10 nominal amount and $8.04 holding-loss component are calculation inputs, not promised per-share payments. Distributions below $10 are not made.
Do I need investment records?
Yes. The claim requires documentation of the requested holdings and transactions, such as stockbroker confirmations or statements. If records are missing, request copies or equivalent documents from your broker. The actual beneficial owner or an authorized representative files the claim, and all joint holders sign.
Can I opt out?
No. The court certified a non-opt-out class. Filing a payment claim and objecting to the settlement are different procedures. The notice lists November 20, 2026 as the receipt deadline for written objections and notices of intention to appear.
Is there an exact online cutoff time?
The issued notice, claim form and official dates page specify January 7, 2027 without an exact online cutoff time or timezone. Submit early and follow the administrator’s current instructions. Mailed claims with a legible timely postmark are treated as received on that date.
When will payments be sent?
No distribution date is guaranteed. The court has scheduled the settlement hearing for December 8, 2026 at 9:15 a.m. Eastern Time. Payments depend on approval, finality and claims processing. Check the official website for changes.
Sources and official records
Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.
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