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Alight Solutions (Foley Trasimene Acquisition) Priced, NYSE: ALIT

Second blank check company formed by financial services veteran Bill Foley (completed 7/2/2021).

Industry: SPAC

Latest Trade: $8.70 +0.29 (+3.4%)

First Day Return: +1.8%

Return from IPO: -15.9%

Industry: SPAC

We are a newly incorporated blank check company incorporated in March 2020 as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target. We will seek to capitalize on the tactical, operational and organizational experience of our founder William P. Foley, II. We believe Mr. Foley’s distinguished business track record can have a transformative impact on a target business. Although we may pursue targets in any industry, we intend to initially focus our search on identifying a prospective target business in financial technology or business process outsourcing, which acts as an essential utility to industries that are core to the economy. We also intend to focus on prospective target businesses that have unseen potential for revenue growth and/or operating margin expansion with high recurring revenue and cash flow, defensible intellectual property and strong market positions within their industries.
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IPO News for Alight Solutions (Foley Trasimene Acquisition)
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IPO Data
IPO File Date 05/08/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 90.0
Deal Size ($mm) $900
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/26/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 90.0
Deal Size ($mm) $900
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Las Vegas, NV
Founded 2020
Employees 3