Bft Definitive Agreement

BFT Definitive Agreement: All you Need to Know

BFT, or Foley Trasimene Acquisition Corp II, is a special purpose acquisition company (SPAC) that recently announced a definitive agreement to merge with Paysafe, a leading global payments provider. This deal is set to create a new publicly-traded company worth $9 billion.

The BFT-Paysafe merger has been in the news since December 2020, when the parties entered into a letter of intent. Since then, both companies have been working towards finalizing the deal, which they did in March 2021.

The agreement will see BFT acquire Paysafe through a reverse merger. This means that Paysafe will become a publicly-traded company, with its shares listed on the New York Stock Exchange (NYSE) under the ticker symbol „PSFE.”

What does the BFT-Paysafe merger mean for investors?

The merger is expected to be completed in the second quarter of 2021, subject to customary closing conditions and regulatory approvals. Once completed, the new company will have an estimated enterprise value of $9 billion, making it one of the largest payments companies in the world.

Investors who own shares in BFT will receive PSFE shares as part of the merger. The exact number of shares will depend on the terms of the agreement and the number of outstanding shares of both companies.

Why is the BFT-Paysafe merger significant?

The merger is significant for several reasons:

1. It creates a leading global payments provider: Paysafe is a leading payments provider that operates in over 40 countries. The merger will allow the new company to expand its reach and offer more comprehensive solutions to its customers.

2. It leverages the growth of e-commerce: With the pandemic accelerating the shift to online shopping, the demand for digital payments solutions is expected to grow. The new company will be well-positioned to capitalize on this trend.

3. It strengthens the position of SPACs: The BFT-Paysafe merger is the latest example of a SPAC taking a private company public. SPACs have become an increasingly popular way for companies to go public, bypassing the traditional initial public offering (IPO) process.

Conclusion

The BFT-Paysafe merger is set to create a new payments giant worth $9 billion. The deal is expected to be completed in the second quarter of 2021 and will see Paysafe become a publicly-traded company under the ticker symbol „PSFE.” The merger is significant for investors, as it creates a leading global payments provider and leverages the growth of e-commerce. It also strengthens the position of SPACs as an alternative to traditional IPOs.

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