Foley Trasimene Acquisition Corp
A blank-check company, or a SPAC, that raised money from the public to buy a business and take it public. Founded in 2020 by payments veteran William "Bill" Foley, it targeted fintech and outsourcing firms, ultimately merging with Alight Solutions, a cloud-based benefits-and-HR software provider, in 2021; the combined firm now trades as Alight, Inc. The "Trasimene" in its name comes from Lake Trasimene in Italy, site of a famous ancient Roman battle.
Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant — Merged with Alight Solutions; now Alight, Inc. (ALIT)
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