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It is anticipated that the Business Combination will be finalized on Friday, July 2, 2021, provided that the conventional closing conditions are fulfilled or waived. After the Business Combination has been successfully completed, the newly combined company will conduct business under the name Alight, Inc.
What exactly occurred with the Foley trasimene Acquisition Corporation?
(NYSE:WPF) (“Foley Trasimene”), a special purpose acquisition company, made the announcement today that their business combination has been successfully completed. This business combination was approved by the stockholders of Foley Trasimene on June 30, 2021, and it was concluded on July 2, 2021.
Will BFT change its name to PSFE?
At the completion of the merger, the stock will be known as PSFE under its new name, which will be derived from the combination of BFT SPAC and a payments company known as Paysafe.
Who is the proprietor of Foley trasimene Acquisition Corporation?
There are no hedge funds involved in the ownership of Foley Trasimene Acquisition. Trasimene Capital Management, LLC is the most significant shareholder in the corporation, holding 14% of the total shares.
Who exactly is alight going to merge with?
Alight shares, which are headquartered in Lincolnshire, Illinois, are currently traded on the New York Stock Exchange (NYSE) under the symbol “ALIT.” As a result of the merger with Las Vegas’ Foley Trasimene Acquisition Corp. (NYSE: WPF), the current market capitalization of the firm is .3 billion. On June 30, the transaction was approved by the shareholders of Foley, and on July 2, it was finalized.
Review of the Stock | The Paysafe Merger Has Been Authorized! | Foley Trasimene Acquisition Corp.
We found 31 questions connected to this topic.
Is it worthwhile to pursue alight?
The company’s gross profit, which includes depreciation and amortization, increased by 16.0% to 7 million, which is equivalent to 32.3% of revenue, for the three months that ended on June 30, 2021, up from 7 million, which was equivalent to 28.9% of revenue, for the same period in the previous year.
Who is the other firm that WPF will be merging with?
(NYSE: WPF, WPF WS) (“FTAC” or “Foley Trasimene”) announced that, at the special meeting of Foley Trasimene stockholders held today, FTAC’s stockholders voted to adopt the Business Combination Agreement for Foley Trasimene’s proposed business combination (the “Business Combination”) with Alight Solutions (“Alight”) and… FTAC’s stockholders voted to adopt the Business Combination Agreement for
Should one purchase or sell PSFE right now?
The consensus recommendation for Paysafe right now is to Buy. The company now has 9 buy ratings, zero hold ratings, and zero sell ratings, giving it an average score of 3.00 out of a possible 5.00.
Is BFT a good buy?
BFT is an excellent investment for the long run.
The fact that Paysafe is primarily focused on the online gaming and betting business gives it a competitive advantage. Paysafe is a solid investment for the long run and would be beneficial to have in your portfolio from a business perspective.
Is Paysafe a smart choice for an investment with a long-term outlook?
Paysafe is in a strong position to capitalize on the opportunities presented by the high-growth industry thanks to its exposure to high-growth verticals like the gaming industry. It is the industry standard bearer when it comes to iGaming… The careful handling of costs by Paysafe places it in a strong position relative to its competitors. Because of these qualities, PSFE is a excellent investment for the long run.
What could have caused today’s decline in paysafe stock?
Paysafe Ltd (NYSE: PSFE) shares are trading lower on Monday after the business confirmed that its revenue outlook for the third quarter will be below estimates and announced that it will acquire SafetyPay for 1 million.
Who is the owner of the Paysafe Group?
The sale of Paysafe for billion to Foley Trasimene Acquisition Corp II, the most recent special-purpose acquisition firm founded by Bill Foley, was accepted by the business’s shareholders a week ago. The majority of Paysafe is now owned jointly by Blackstone Group (BX) and CVC Capital.
Is it a good time to buy Paysafe stock?
To our great fortune, each of the nine analysts that follow PSFE stock has assigned the company a buy rating on its shares. In light of the declining trend of the equity since the beginning of this year, this is cause for considerable relief. In any event, the average price objective that these analysts have assigned to the PSFE stock is .11.
Is the BFT merger with Paysafe still happening?
II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), a company that specializes in acquisitions for specific purposes, stated today that they have successfully concluded the merger that they had previously announced…. The management team of Paysafe, which is now led by Philip McHugh, CEO, will continue to serve in that capacity for the combined firm.
What happens to BFT stock after merger?
Paysafe will become the trading name of the merged company after the merger has been finalized and executed. Although BFT’s stock ticker will change to “PSFE,” it will keep its listing on the NYSE. BFT organized PIPE transactions that raised a total of billion towards the Paysafe purchase. These monies are in addition to the money that were raised through its SPAC IPO.
Who utilizes the paysafe service?
The most common application is in online gaming; for instance, as of 2018, League of Legends is available in 41 different countries and takes paysafecard. Examples of additional partners accepting paysafecard in 20 or more countries include PlayStation 4, Steam, Guild Wars, Second Life, Skype, Facebook and Newegg.
Is WPF stock a buy?
Before the Alight merger, it would be smart to purchase WPF stock.
The stock of WPF SPAC appears to be a solid investment opportunity in view of Alight’s appealing values and promising growth prospects. As of 2019, the global market for business process outsourcing is estimated to be worth 1 billion; however, projections show that by 2027, it will have reached 5.6 billion.
Which SPAC will join with lucid?
Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the businesses prolonged the deadline by one day because not enough retail investors showed up to cast their vote.
What are the prospects for the WPF stock?
A new business with an enterprise value of .3 billion is going to be formed as a result of a merger between Alight Solutions and Foley Trasimene Acquisition, as stated in a press statement. The new company will conduct business as Alight, Inc. and shares of WPF stock will change to ALIT stock.
Who are the companies who compete with alight?
The companies BGRS, ADP, Workday, and Paychex and UKG are considered to be Alight’s primary competitors.
Which businesses make use of alight solutions?
Companies such as Abbott Laboratories, which is based in the United States and has 109000 employees and revenues of .61 billions, and Schneider Electric, which is based in France and has 135000 employees and revenues of… are among the companies that use Alight Solutions Benefits Administration for their Benefits Administration needs.
Who is the owner of the alight advisor?
Alight Financial Solutions LLC is a broker-dealer that focuses largely on offering its services to retirement plans. The company is a member of both FINRA and SIPC. Alight Solutions LLC, a global human resources outsourcing and consulting corporation that was established in 1940 and has its headquarters in Lincolnshire, Illinois, owns this company and operates it as a subsidiary.
Is the value of paysafe too low?
After failing to meet earnings expectations earlier this month, shares of the digital payments business Paysafe (PSFE) dropped by 15% in a single day, and they haven’t really recovered since then… Yet, according to the opinion of one analyst, shareholders who sold their Paysafe stock “undervalued” the “growth potential” of the company’s stock.