Foley Trasimene Acquisition Corp. Announces Closing of Initial Public Offering & Exercise of Underwriters’ Over-Allotment O...
May 29 2020 - 4:10PM
Business Wire
Foley Trasimene Acquisition Corp. (the “Company”) (NYSE: WPF.U)
today announced the closing of its initial public offering of
103,500,000 units, which includes 13,500,000 units issued upon the
exercise of the underwriters’ overallotment option, which has
exercised in full, at a public offering price of $10.00 per unit.
Each unit consists of one share of the Company’s Class A common
stock and one-third of one warrant. Each whole warrant entitles the
holder to one share of the Company’s Class A common stock at a
price of $11.50 per share. The units are listed on the New York
Stock Exchange (the “NYSE”) under the symbol “WPF.U”. Once the
securities comprising the units begin separate trading, the Class A
common stock and warrants are expected to be listed on the NYSE
under the symbols “WPF” and “WPF.WS,” respectively.
Sponsors of the Company are Bilcar FT, LP, an affiliate of
Bilcar Limited Partnership, and Trasimene Capital FT, LP, an
affiliate of Trasimene Capital Management, LLC, both led by William
P. Foley, II. Credit Suisse Securities (USA) LLC and BofA
Securities are acting as joint book-running managers for the
offering.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained, for free by
visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively,
copies of the prospectus, when available, may be obtained for free
from the offices of Credit Suisse, Attention: Prospectus
Department, Eleven Madison Avenue, 3rd Floor, New York, NY 10010,
telephone: (800)-221-1037 or by emailing:
usa.prospectus@credit-suisse.com; or BofA Securities, Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001 or by emailing:
dg.prospectus_request@bofa.com.
Registration statements relating to the securities became
effective on May 26, 2020. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About Foley Trasimene Acquisition Corp.
Foley Trasimene Acquisition Corp. is a newly incorporated blank
check company whose business purpose is to effect a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses or
entities. For more information please visit
https://www.foleytrasimene.com/.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release constitute
forward-looking statements. All of these statements are based on
management’s expectations as well as estimates and assumptions
prepared by management that, although they believe to be
reasonable, are inherently uncertain. These statements involve
risks and uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of
Company’s control that may cause its business, industry, strategy,
financing activities or actual results to differ materially. The
Company undertakes no obligation to update or revise any of the
forward-looking statements contained herein, whether as a result of
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200529005582/en/
Jamie Lillis Managing Director Solebury Trout 203-428-3223
jlillis@soleburytrout.com
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