Skip to main content
spacbrain

Foley Trasimene Acquisition Corp.

WPF · NYSE · formerly Alight Group, Inc.

Trust settledAlight, Inc. / Delaware · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from Bilcar FT, LP, listed on NYSE in May 2020.
What it's doing now
It agreed to buy Alight, Inc. / Delaware, a cloud-based human capital and business solutions company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
Alight, Inc. / Delaware
Industry
Industrials — cloud-based human capital and business solutions
Deal value
not stated in the filings we hold
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
28 May 2020
size not on file
Headquarters
320 SOUTH CANAL STREET, CHICAGO, IL, 60606
registered in Delaware
Lead underwriter
not extracted from the prospectus yet
Key officers
Dorsey Donna (Chief Human Resources Officer) · Verma Rohit (Chief Executive Officer) · Baweja Naveen (Chief Technology Officer)
Listed securities
WPF common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 28 May 2020IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

  • Alight, Inc. / Delaware—
    closedIndustrials
    Deal structureSEC-primary — BCA 8-K / S-4 / DEFM14A
    PIPE
    ≈ $150M · unsourced
    Min-cash condition
    $300M

    PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.

    stated in:0001193125-21-182151 opens on sec.gov in a new tab

The score

deterministic, from filed fields

WPF is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Foley Trasimene Acquisition Corp. was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker WPF. The company priced its initial public offering on May 28, 2020, under SEC file number 333-238135, with shares registered for cash on Form S-1 (accession 0001104659-20-058905) and priced via a 424B prospectus (accession 0001104659-20-067119). It was classified under SEC SIC code 7389 (Services—Business Services, NEC) and described itself as a blank-check company in that prospectus. The vehicle completed a business combination and no longer files under its original registration; Form 25 (accession 0000876661-21-001005) was filed on July 6, 2021, under 17 CFR 240.12d2-2(a)(3), reflecting that its warrants—each whole warrant exercisable for one share of Class A common stock at $11.50 per share—came to evidence other securities in substitution therefor. EDGAR now lists the original CIK (0001809104) under the name Alight, Inc. / Delaware.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • 8-K4 August 20260001628280-26-052572opens on sec.gov in a new tab

    The vastly smaller net loss is the absence of last year's $983 million goodwill impairment, not an operating turnaround: revenue, gross margin and Adjusted EBITDA all fell. Management states the back half will be affected by 2025 commercial execution and seasonally higher Q3 expenses.

  • 10-Q4 August 20260001628280-26-052636opens on sec.gov in a new tab

    Intangible assets of $2.43 billion are 57% of total assets against just $83 million of goodwill, and they amortised down $140 million over the half-year. All share counts are post-split and not comparable to pre-July-2026 figures.

  • 8-K18 June 20260001628280-26-044110opens on sec.gov in a new tab

    A 1-for-20 reverse split is a large ratio and it applies across every class including the Class V shares that typically carry founder or sponsor voting rights, so the whole capital structure compresses at once. Authorised shares fall proportionately, which limits future issuance headroom. The practical effects for holders are mechanical, a twentyfold higher quoted price on June 30, 2026 and fractional-share treatment, but the size of the ratio is usually a response to a low share price and possible listing-standard pressure.

  • DEF 14A27 April 20260001628280-26-027616opens on sec.gov in a new tab

    A proposed reverse split as deep as 1-for-40 is an order of magnitude beyond the usual 1-for-10 listing cure, and it implies the stock trades at a small fraction of a dollar. Authorized shares fall in step, so this is a genuine recapitalization rather than a pure listing fix. For legacy Foley Trasimene holders it marks the end point of a 2021 de-SPAC: no trust remains, and the share count is about to be compressed by up to 97.5%.

  • DEFM14A4 June 20210001193125-21-182151opens on sec.gov in a new tab

    The sponsor's stake is cut and then put at risk of being cut further: FTAC's 25,875,000 Class B shares convert into 23,287,500 Company Class A shares, a forfeiture of 10%, and if Available Trust Proceeds at the closing fall below $892,200,000 then up to a further 20% of the Class B converts instead into non-voting Class B-3 stock that vests only if the volume weighted average price reaches $13.75 for 20 or more days in a 30-trading-day period. Cash consideration to Tempo's equityholders is $1,000,000,000, adjusted against net debt of $3,692,000,000.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

Show the other 10 filings
  • 45 August 20260001628280-26-053545opens on sec.gov in a new tab
  • 45 August 20260001628280-26-053540opens on sec.gov in a new tab
  • 8-K4 August 20260001628280-26-052572opens on sec.gov in a new tab

    What changed: Exhibit 99.1 to an 8-K of Alight, Inc. (NYSE: ALIT): the August 4, 2026 press release reporting Q2 2026 results. Revenue fell 3.2% to $511 million from $528 million, which the company attributes primarily to lower net commercial activity partly offset by higher project revenue, with recurring revenues at 92.2% of the total. Gross profit was $142 million, or 27.8% of revenue, against $176 million and 33.3%; adjusted gross profit was $176 million against $205 million and Adjusted EBITDA $92 million against $127 million. Why it matters: The vastly smaller net loss is the absence of last year's $983 million goodwill impairment, not an operating turnaround: revenue, gross margin and Adjusted EBITDA all fell. Management states the back half will be affected by 2025 commercial execution and seasonally higher Q3 expenses.

  • 10-Q4 August 20260001628280-26-052636opens on sec.gov in a new tab

    What changed: Q2 2026 10-Q of Alight, Inc. (NYSE: ALIT). The cover states that as of July 30, 2026 there were 26,419,410 Class A shares, 247,733 Class B-1, 247,733 Class B-2 and 24,217 Class V shares outstanding, reflecting a reverse stock split effective at 5:00 p.m. Eastern on June 30, 2026, with Class A trading split-adjusted on the NYSE from July 1, 2026. Why it matters: Intangible assets of $2.43 billion are 57% of total assets against just $83 million of goodwill, and they amortised down $140 million over the half-year. All share counts are post-split and not comparable to pre-July-2026 figures.

    combination deadlinenothing moved · 1 with no prior record of ours
    Combination deadline
    2030-05-31 · unchanged

    The clause …“revolving credit facility to $ 330 million and extended the maturity date to May 31, 2030. At June 30, 2026, an immaterial amount of unused letters of credit related to insurance policies were issued under the revolving credit facility”…

    Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.

  • SCHEDULE 13G/A27 July 20260002012383-26-002168opens on sec.gov in a new tab
  • 421 July 20260001628280-26-049047opens on sec.gov in a new tab
  • SCHEDULE 13G9 July 20260001104659-26-082257opens on sec.gov in a new tab
  • 47 July 20260001628280-26-047561opens on sec.gov in a new tab
  • 47 July 20260001628280-26-047563opens on sec.gov in a new tab
  • 47 July 20260001809104-26-000009opens on sec.gov in a new tab

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001193125-23-216050

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Services-Business Services, NEC (7389)
Registered inDelaware
Exchange · CIKNYSE · 0001809104

All filings on EDGARopens on sec.gov in a new tab

FormerlyAlight Group, Inc.

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

14 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

News

company wires and the financial press

Reporting we have matched to this ticker. Headlines belong to the outlets that wrote them.

Show the headlines

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

36 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail6 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

WPF — company record
UNIVERSE-IPO-INDEX2026-08-17

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7389 (Services-Business Services, NEC). The screen found it by filing SHAPE instead — S-1 2020-05-08 → 8-A12B 2020-05-26 → 424B4 2020-05-28 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7389 + self-described blank check in 424B4 0001104659-20-067119; 424B 0001104659-20-067119 priced 2020-05-28 under S-1 0001104659-20-058905 (file 333-238135, an offering for cash); common ticker WPF off 10-Q 0001104659-21-067964 (2021-05-17); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-238135, which belongs to S-1 0001104659-20-058905 (2020-05-08) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-05-28). Ending PROVEN, not inferred: CLOSED per Form 25 0000876661-21-001005 (2021-07-06) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share); the successor registrant Foley Trasimene Acquisition II (CIK 0001818355) filed an 8-K carrying item 2.01 (Completion of Acquisition) naming "Foley Trasimene Acquisition Corp." — the SPAC merged into a new registrant and so filed no closing report of its own. EDGAR now files this CIK as "Alight, Inc. / Delaware" — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "Bilcar FT, LP" sourced from prospectus definition (10-K/A) acc 0001104659-21-056681.

Deal — Alight, Inc. / Delaware
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001809104 records "Foley Trasimene Acquisition Corp." ending 2021-07-06; the registrant continues as "Alight, Inc. / Delaware". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-07-06. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=150, minCashM=300 from primary filings (0001193125-21-182151).

PROFILE-STUB2026-08-25

entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read

SEGMENT-FROM-FILING2021-06-04

OTHER -> HEALTHCARE, on DEFM14A 0001193125-21-182151: "Alight, a leading cloud-based provider of mission-critical integrated digital human capital and business solutions"

PIPE2026-08-29

pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow

Back to the screenerVault note