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This page contains historical news coverage for Foley Trasimene Acquisition Corp II (BFT), which operated as a Special Purpose Acquisition Company on the New York Stock Exchange. The company completed a business combination with Paysafe Group Holdings Limited and no longer trades under the BFT ticker. This archive provides context on the SPAC's formation, acquisition search process, and the events leading to its merger.
Historical news coverage includes announcements related to the SPAC's initial public offering, trust account management, warrant trading activity, and the negotiation process leading to the Paysafe business combination. Understanding the timeline of events from SPAC formation through merger completion offers insight into how blank check companies execute their acquisition mandates and complete business combinations.
For current news and developments related to the payments business acquired by this SPAC, investors should reference coverage of Paysafe Limited under ticker symbol PSFE. The historical BFT news archive documents the SPAC structure, shareholder communications, regulatory filings, and transaction milestones that characterized the journey from blank check company to completed merger.
Paysafe Group Holdings Limited and Foley Trasimene Acquisition Corp. II have successfully completed their merger, effective March 30, 2021, following approval on March 25, 2021. The new entity, Paysafe Limited, will trade on the NYSE under the ticker symbols PSFE and PSFE.WS starting March 31, 2021. Paysafe is positioned as a leading payments platform, offering a wide range of solutions including digital wallets and cash solutions. The merger is expected to enhance growth opportunities, particularly in the iGaming sector in the U.S.
Foley Trasimene Acquisition Corp. II (NYSE: BFT) announced that its stockholders approved a business combination with Paysafe Group Holdings Limited. The deal aims to finalize on March 30, 2021, pending customary closing conditions. Following the merger, the new entity will operate as Paysafe and trade under the symbol 'PSFE.' Paysafe, a specialized payments platform with an annual transaction volume of $92 billion, aims to enhance its market presence through this merger, connecting businesses and consumers across multiple payment types globally.
Paysafe Group Holdings Limited, a specialized payments platform, will present at the Cowen FinTech Bus Tour on March 25, 2021, at 10:30 a.m. ET. CEO Philip McHugh will provide insights during the live audio webcast, accessible via the Paysafe Investor Relations website. Previously, on December 7, 2020, Paysafe announced a merger agreement with Foley Trasimene Acquisition Corp. II (NYSE: BFT), aiming to list under PSFE post-transaction closure. The special meeting for stockholder approval is also scheduled for March 25, 2021.
Foley Trasimene Acquisition Corp. II (BFT) urges stockholders to vote in favor of its business combination with Paysafe Group Holdings Limited, scheduled for March 25, 2021. This follows the release of the definitive proxy statement on February 26, 2021. Stockholders of record as of February 17, 2021, are entitled to vote and are encouraged to do so before the meeting. The board recommends voting "FOR" the business combination and related proposals. Votes may be cast online, by phone, or by mail.
Paysafe Group Holdings Limited has announced its participation at the 2021 Wolfe Research Fintech Conference, with CEO Philip McHugh set to present on March 10, 2021, at 3:40 p.m. ET. The presentation will be webcast live and later archived on Paysafe's Investor Relations page. This announcement follows the merger agreement with Foley Trasimene Acquisition Corp. II (NYSE:BFT) on December 7, 2020. The combined entity will operate as Paysafe and plans to be listed on the NYSE under PSFE following stockholder approval, expected around March 25, 2021.
Foley Trasimene Acquisition Corp. II (NYSE: BFT) announced a definitive merger agreement with Paysafe Group Holdings Limited, a top integrated payments platform. The merger values Paysafe at an implied pro-forma enterprise value of about $9 billion. Upon completion, Paysafe will trade under the symbol PSFE on the NYSE. The deal aims to enhance Paysafe's growth trajectory, particularly in the e-commerce and iGaming sectors, leveraging the combined strengths of both companies. The transaction is expected to close in the first half of 2021, pending shareholder and regulatory approvals.
