SecProbe.io

Filing text and metadata
Intelligence Terminal Search Probe Scores Topics IPO Watchlist Monthly Activity About API

SEC Comment Letter for Alight, (ALIT) — May 15, 2020

Alight, Inc. / Delaware (ALIT) (CIK 0001809104)
Date: May 15, 2020 · CIK: 0001809104 · Accession: 0000000000-20-004358

AI Filing Summary & Sentiment

Sentiment
Urgency
Document Type
Confidence
SEC Posture
Company Posture

Summary

Reasoning

File numbers found in text: 333-238135

Date
May 15, 2020
Author
Not clearly detected
Form
UPLOAD
Company
Alight, Inc. / Delaware (ALIT) (CIK 0001809104)

Letter

United States securities and exchange commission logo May 15, 2020 Michael L. Gravelle General Counsel and Corporate Secretary Foley Trasimene Acquisition Corp. 1701 Village Center Circle Las Vegas, Nevada 89134 Re:Foley Trasimene Acquisition Corp. Registration Statement on Form S-1 Filed May 8, 2020 File No. 333-238135 Dear Mr. Gravelle: We have reviewed your registration statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Form S-1 filed May 8, 2020 General 1.We note revised disclosure on pages 16 and 132 regarding forward purchase agreements with Cannae and THL. Please revise to clarify the material terms of the $300 million of commitments. Advise us of the purpose of the commitments, including whether it is expected that a business combination will be entered into with a company owned by or affiliated with Cannae or THL. We also note the disclosure on page 132 that affiliates of Cannae and THL will have ownership interests in Trasimene Capital FT, LP, and that they will indirectly own shares held by Trasimene. Please revise the beneficial ownership and related party transaction disclosure to clarify the anticipated holdings of Cannae and THL, as well as their relationships with you through "a portion of the founder shares and private placement warrants" or otherwise.

FirstName LastNameMichael L. Gravelle Comapany NameFoley Trasimene Acquisition Corp. May 15, 2020 Page 2 FirstName LastName Michael L. Gravelle Foley Trasimene Acquisition Corp. May 15, 2020 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Jeffrey Lewis at 202-551-6216 or Jennifer Monick at 202-551-3295 if you have questions regarding comments on the financial statements and related matters. Please contact Ronald (Ron) Alper at 202-551-3329 or James Lopez at 202-551-3536 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Alexander D. Lynch

Show Raw Text
United States securities and exchange commission logo
May 15, 2020
Michael L. Gravelle
General Counsel and Corporate Secretary
Foley Trasimene Acquisition Corp.
1701 Village Center Circle
Las Vegas, Nevada 89134
Re:Foley Trasimene Acquisition Corp.
Registration Statement on Form S-1
Filed May 8, 2020
File No. 333-238135
Dear Mr. Gravelle:
            We have reviewed your registration statement and have the following comment.  In our
comment, we may ask you to provide us with information so we may better understand your
disclosure.
            Please respond to this letter by amending your registration statement and providing the
requested information.  If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this comment, we may have additional comments.
Form S-1 filed May 8, 2020
General
1.We note revised disclosure on pages 16 and 132 regarding forward purchase agreements
with Cannae and THL.  Please revise to clarify the material terms of the $300 million of
commitments.  Advise us of the purpose of the commitments, including whether it
is expected that a business combination will be entered into with a company owned by or
affiliated with Cannae or THL.  We also note the disclosure on page 132 that affiliates of
Cannae and THL will have ownership interests in Trasimene Capital FT, LP, and that they
will indirectly own shares held by Trasimene.  Please revise the beneficial ownership and
related party transaction disclosure to clarify the anticipated holdings of Cannae and THL,
as well as their relationships with you through "a portion of the founder shares and private
placement warrants" or otherwise.

 FirstName LastNameMichael L. Gravelle
 Comapany NameFoley Trasimene Acquisition Corp.
 May 15, 2020 Page 2
 FirstName LastName
Michael L. Gravelle
Foley Trasimene Acquisition Corp.
May 15, 2020
Page 2
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
            Refer to Rules 460 and 461 regarding requests for acceleration.  Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            You may contact Jeffrey Lewis at 202-551-6216 or Jennifer Monick at 202-551-3295 if
you have questions regarding comments on the financial statements and related matters.  Please
contact Ronald (Ron) Alper at 202-551-3329 or James Lopez at 202-551-3536 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc:       Alexander D. Lynch