WPF - Foley Trasimene Acquisition shareholders approve merger with Alight Solutions

Shareholders of Foley Trasimene Acquisition (WPF) have voted in favor of the company's previously announced business combination with Alight Solutions, a cloud-based provider of integrated digital human capital and business solutions.The merger is expected to close on July 2, 2021. Upon closing, FTAC will deliver at least $2.68B of capital, allowing the combined entity to substantially deleverage and position Alight to pursue M&A and other strategic investments going forward.Shareholders have until July 1, 2021 to withdraw their shares redemption request.Foley Trasimene sponsors plan to acquire up to ~5.6M shares that were previously submitted for redemption. As of June 28, 2021 (redemption deadline), Foley Trasimene stockholders had elected to redeem 19,865,644 shares, resulting in more than $835M being available from FTAC’s trust account.Press Release

For further details see:

Foley Trasimene Acquisition shareholders approve merger with Alight Solutions