LAS VEGAS, June 30, 2021–(BUSINESS WIRE)–Foley Trasimene Acquisition Corp. (NYSE: WPF, WPF WS) (“FTAC” or “Foley Trasimene”) introduced that, on the particular assembly of Foley Trasimene stockholders held at the moment, FTAC’s stockholders voted to undertake the Enterprise Mixture Settlement for Foley Trasimene’s proposed enterprise mixture (the “Enterprise Mixture”) with Alight Options (“Alight”) and authorised all different stockholder proposals in reference to the Enterprise Mixture.
FTAC will ship at the very least $2.68 billion of capital on the closing of the Enterprise Mixture, positioning the mixed firm to considerably deleverage and offering flexibility for Alight to pursue M&A and different strategic investments going ahead. The Foley Trasimene / Alight merger represents the second largest accomplished frequent fairness increase in a SPAC transaction over the previous a number of years.
As well as, Foley Trasimene introduced at the moment that the deadline for stockholders to withdraw any election to have their shares redeemed in reference to the Enterprise Mixture might be 4:00 pm Japanese Time on Thursday, July 1, 2021. Stockholders who want to withdraw a redemption request ought to contact FTAC’s switch agent, Continental Inventory Switch & Belief Firm, by e-mail at firstname.lastname@example.org.
Foley Trasimene additionally introduced at the moment that its sponsors intend to accumulate as much as roughly 5.6 million shares that had been beforehand submitted for redemption. As of the redemption deadline at 5:00 pm Japanese Time on June 28, 2021, Foley Trasimene stockholders had elected to redeem 19,865,644 shares in reference to the completion of the Enterprise Mixture, leading to over $835 million being out there from FTAC’s belief account. Mixed with $1.85 billion in excellent financing commitments, together with a $400 million mixed funding from Cannae Holdings LLC, FTAC will ship at the very least $2.68 billion of capital on the closing of the Enterprise Mixture.
The completion of the Enterprise Mixture is predicted to happen on Friday, July 2, 2021, topic to the satisfaction or waiver of customary closing circumstances. Following the completion of the Enterprise Mixture, the newly mixed firm will function as Alight, Inc. Alight, Inc.’s Class A standard inventory and warrants will commerce on the New York Inventory Change (NYSE) below the symbols “ALIT” and “ALIT WS”, respectively, and are anticipated to start out buying and selling on Tuesday, July 6, 2021.
About Foley Trasimene Acquisition Corp.
Foley Trasimene Acquisition Corp. is a clean examine firm whose enterprise objective is to impact a merger, capital inventory change, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies or entities. For extra data please go to https://www.foleytrasimene.com/.
About Alight Options
With an unwavering perception that an organization’s success begins with its folks, Alight Options is a number one cloud-based supplier of built-in digital human capital and enterprise options. Leveraging proprietary AI and information analytics, Alight optimizes enterprise course of as a service (BPaaS) to ship superior outcomes for workers and employers throughout a complete portfolio of companies. Alight permits workers to counterpoint their well being, wealth and work whereas enabling international organizations to realize a high-performance tradition. Alight’s 15,000 devoted colleagues serve greater than 30 million workers and members of the family. Find out how Alight helps organizations of all sizes, together with over 70% of the Fortune 100 at alight.com.
This press launch consists of sure “forward-looking statements” which are offered for illustrative functions solely and usually are not supposed to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of truth or chance. Foley Trasimene’s and Tempo Holding Firm, LLC’s (“Alight”) precise outcomes might differ from their expectations, estimates, and projections and, consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. Phrases resembling “anticipate,” “estimate,” “challenge,” “funds,” “forecast,” “anticipate,” “intend,” “plan,” “might,” “will,” “might,” “ought to,” “believes,” “predicts,” “potential,” “proceed,” and comparable expressions (or the unfavourable variations of such phrases or expressions) are supposed to determine such forward-looking statements. These forward-looking statements embrace, with out limitation, Foley Trasimene’s and Alight’s expectations with respect to future efficiency and anticipated monetary impacts of the proposed enterprise mixture, the satisfaction or waiver of the closing circumstances to the proposed enterprise mixture, and the timing of the completion of the proposed enterprise mixture. These forward-looking statements contain vital dangers and uncertainties that would trigger the precise outcomes to vary materially, and doubtlessly adversely, from these expressed or implied within the forward-looking statements. Most of those components are outdoors Foley Trasimene’s and Alight’s management and are troublesome to foretell. Components that will trigger such variations embrace, however usually are not restricted to: (1) the incidence of any occasion, change, or different circumstances that would give rise to the termination of the definitive enterprise mixture settlement (the “Settlement”); (2) the result of any authorized proceedings which may be instituted towards Foley Trasimene and/or Alight following the announcement of the Settlement and the transactions contemplated therein; (3) the lack to finish the proposed enterprise mixture, together with attributable to failure to acquire approval of the stockholders of Foley Trasimene, sure regulatory approvals, or fulfill different circumstances to closing within the Settlement; (4) the incidence of any occasion, change, or different circumstance that would give rise to the termination of the Settlement or might in any other case trigger the transaction to fail to shut; (5) the impression of COVID-19 on Alight’s enterprise and/or the power of the events to finish the proposed enterprise mixture; (6) the lack to acquire or preserve the itemizing of the mixed firm’s frequent inventory on the New York Inventory Change following the proposed enterprise mixture; (7) the chance that the proposed enterprise mixture disrupts present plans and operations because of the announcement and consummation of the proposed enterprise mixture; (8) the power to acknowledge the anticipated advantages of the proposed enterprise mixture, which can be affected by, amongst different issues, competitors, the power of Alight to develop and handle progress profitably, and retain its key workers; (9) prices associated to the proposed enterprise mixture; (10) adjustments in relevant legal guidelines or rules; and (11) the likelihood that Foley Trasimene or Alight could also be adversely affected by different financial, enterprise, and/or aggressive components. The foregoing checklist of things isn’t unique. Further data regarding sure of those and different danger components is contained in Foley Trasimene’s most up-to-date filings with the SEC in addition to within the registration assertion on Kind S-4 (File No. 333-254801, as it could be amended or supplemented every now and then) filed with the SEC by Alight, Inc. and the definitive proxy assertion/prospectus/consent solicitation assertion filed in reference to the proposed enterprise mixture. All subsequent written and oral forward-looking statements regarding Foley Trasimene or Alight, the transactions described herein or different issues and attributable to Foley Trasimene, Alight or any individual performing on their behalf are expressly certified of their entirety by the cautionary statements above. Readers are cautioned to not place undue reliance upon any forward-looking statements, which communicate solely as of the date made. Every of Foley Trasimene and Alight expressly disclaims any obligations or enterprise to launch publicly any updates or revisions to any forward-looking statements contained herein to mirror any change of their expectations with respect thereto or any change in occasions, circumstances, or circumstances on which any assertion is predicated, besides as required by regulation.
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