Sovereign Funds Find Hopeful Exit in Alight SPAC Deal Posted on 01/25/2021 Alight Solutions is a cloud-based provider of integrated digital human capital and business solutions. SPAC Foley Trasimene Acquisition Corp. (ticker: NYSE: WPF, WPF WS) announced that they have entered into a definitive business combination agreement with Alight. Upon closing of the transaction, the combined company will operate as Alight, Inc. and plans to list under the symbol ALIT. The transaction reflects an implied pro-forma enterprise value for Alight of approximately US$ 7.3 billion. The Board will be comprised of eight directors, including three directors appointed by Foley Trasimene, three directors appointed by Blackstone, Alight CEO Stephan Scholl and one additional independent director. A majority of the directors will be independent, consistent with the applicable listing rules.