Foley Trasimene Acquisition Corp. II (NYSE:BFT) announced that its shareholders approved its combination with fintech firm Paysafe at a special meeting earlier today.
The parties expect to close the transaction on Tuesday, March 30. The combined entity is then expected to trade on the NYSE under the symbol “PSFE” beginning Wednesday, March 31.
Foley Trasimene II did not disclose redemption figures in its release, but the SPAC was not at risk of redemptions with shares opening ahead of the vote at $14.48. In the current down market for SPACs, this marks the Paysafe deal as one of the most popular recent combinations on the market.
The two sides initially announced their $9 billion deal on December 7. Paysafe provides a global payments platform powering digital wallets that handle a run-rate of about $100 billion in transactions annually.
ADVISORS
- Credit Suisse is acting as lead financial advisor and capital markets advisor to Paysafe and also acted as lead placement agent on the private offering.
- Morgan Stanley also acted as financial advisor to Paysafe.
- BofA Securities and J.P. Morgan Securities LLC also acted as placement agents on the private offering.
- Simpson Thacher & Bartlett LLP is acting as legal counsel to Paysafe.
- Proton Partners is acting as strategic advisor to Paysafe.
- RBC Capital Markets LLC., BofA Securities and J.P. Morgan are acting as financial advisors to Foley Trasimene.
- Weil, Gotshal & Manges LLP is acting as legal counsel to Foley Trasimene.


Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....