Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
294 |
Employees |
- |
Revenues (TTM) (Millions $) |
- |
Net Income (TTM) (Millions $) |
-334 |
Cash Flow (TTM) (Millions $) |
1 |
Capital Exp. (TTM) (Millions $) |
0 |
Foley Trasimene Acquisition Ii
Foley Trasimene Acquisition II is a special purpose acquisition company (SPAC) that was formed by Bill Foley, a prominent businessman and investor. The purpose of the SPAC is to merge with an existing company and take it public through a reverse merger.
Like other SPACs, Foley Trasimene Acquisition II raised money through an initial public offering (IPO) to finance the potential merger. The company went public in 2021 and raised $1.3 billion. The funds raised will be used to acquire a target company in the fintech sector, specifically focusing on financial technology and services.
The SPAC is sponsored by Foley Trasimene II LLC, which is led by Bill Foley himself. Foley has a successful track record in the financial industry, with previous ventures including the merger of Fidelity National Financial and Lender Processing Services. He is known for his expertise in evaluating and driving growth in technology-focused companies.
Foley Trasimene Acquisition II is actively seeking a suitable merger target in the fintech sector. Once a target company is selected, the SPAC will negotiate a merger agreement, and the target company will become a publicly traded entity.
Overall, Foley Trasimene Acquisition II is an investment vehicle formed to acquire and take a fintech company public. Through the merger process, it aims to create value for investors and offer opportunities for growth in the financial technology industry.
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