Business Context and Reporting Period
This Form 8-K is filed by Foley Trasimene Acquisition Corp. (not Alight, Inc.) on July 16, 2020. The registrant is a Delaware corporation incorporated as a Special Purpose Acquisition Company (SPAC) with securities listed on the New York Stock Exchange.
Key Financial Metrics
This filing is a current report regarding corporate events and does not contain financial statements. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary event reported is the commencement of separate trading for the Company's Units. Effective July 17, 2020, holders may elect to separate their Units into:
- Class A common stock (trading symbol: WPF)
- Redeemable warrants (trading symbol: WPF WS)
Units not separated will continue to trade under the symbol WPF.U.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or discussion of risks and contingencies. It strictly announces the administrative change in trading structure for the Company's securities.
Investor Verification Checklist
- Verify the correct registrant name is Foley Trasimene Acquisition Corp., as the input metadata referenced "Alight, Inc."
- Confirm the effective date for separate trading is July 17, 2020.
- Review the attached press release (Exhibit 99.1) for specific instructions on how to elect separation of Units.
- Note that this document provides no financial performance data; refer to the Company's most recent 10-K or 10-Q for financial metrics.