Capital Markets Advisor
Alight Solutions LLC
Equity Capital Markets
A Portfolio Company Of
PIPE
Transaction Details
- On July 6, 2021, Alight Solutions and Foley Trasimene Acquisition Corp. (NYSE:WPF) (“Foley Trasimene”), a special purpose acquisition company, announced the completion of their business combination, which was approved by Foley Trasimene stockholders on June 30, 2021 and closed on July 2, 2021.
- Alight, Inc.’s Class A common stock and warrants began trading on the New York Stock Exchange (“NYSE”) under the ticker symbols “ALIT” and “ALITW,” respectively.
- A PIPE transaction was executed to finance the Alight business combination.
- Stephan Scholl, CEO of Alight, said, “A company has no greater asset, responsibility, or opportunity than to take care of and empower its employees. The lingering impact of the pandemic coupled with the global talent shortage has made this truer today than ever before. As a public company, Alight will continue to invest in our business and technology, like our Alight Worklife platform, to deliver solutions across health, wealth and global payroll, that drive employee engagement and provide meaningful outcomes for our clients and their people while delivering value to our stakeholders.”
About the company
Alight Solutions LLC
Alight Solutions is a leading cloud-based provider of integrated digital human capital and business solutions. Leveraging proprietary AI and data analytics, Alight optimizes business process as a service (BPaaS) to deliver superior outcomes for employees and employers across a comprehensive portfolio of services. Alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. Alight’s 15,000 dedicated colleagues serve more than 30 million employees and family members.
Sources: Alight’s Press Release
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