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.
Crane Harbor Acquisition Corp. (NASDAQ:CHACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHACU”, Friday, April 25, 2025. The Company’s primary focus will be to identify companies in the technology, real assets, and energy sectors. Crane Harbor’s management team is led...
Flag Ship Acquisition Corporation (NASDAQ:FSHP) has entered into a definitive agreement to combine with Great Future under so far undisclosed terms. Transaction Overview Flag Ship has about $71.6 million in its current trust and has until September 20, 2025 to complete a business combination but may extend up to nine times for one month each...
At the SPAC of Dawn SPAC momentum has not waned amid the market rally as three more SPACs are angling to price their IPOs by this evening, adding to two others and went public earlier this week. This would bring April’s tally to nine SPAC IPOs after just three in March. It has not been...
New Providence Acquisition Corp. III (NASDAQ:NPACU) announced the pricing of its $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NPACU”, Thursday, April 24, 2025. The new SPAC aims to combine with a consumer target that has the potential to generate attractive risk-adjusted returns. New Providence III’s...
Cantor Equity Partners Inc. (NASDAQ:CEP) has entered into a definitive agreement to combine with Twenty One Capital at an enterprise value of $3.6 billion, or 1x its future net asset value (NAV). Twenty One Capital aims to secure a sizeable Bitcoin holding and leverage it for financial services products as well as Bitcoin-focused media offerings....