secwatch.observer — SEC 8-K summary
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Issuer:     Alight, Inc. / Delaware (ALIT)
CIK:        0001809104
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001193125-21-211067
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alight completes SPAC merger with Foley Trasimene; begins trading as ALIT on NYSE
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- Business combination closed July 2, 2021; stockholders approved June 30, 2021.
- Alight received ~$1.016B cash and 226.7M shares of Alight Class A common stock/units.
- FTAC Class A shares converted 1:1 into Alight Class A common; FTAC Class B shares cancelled for 23.3M Alight shares.
- New board and executive team named; Stephan Scholl CEO, Katie Rooney CFO; William P. Foley II named Chairman.
- Alight serves 36M+ employees, installed in 50% of Fortune 500; plans BPaaS growth and M&A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809104/000119312521211067/0001193125-21-211067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809104/000119312521211067/d187891d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-211067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer