BFT SPAC is going to merge with a payments company called Paysafe and the stock will be renamed PSFE after the merger closes.
Similarly Is BFT merging with Paysafe? The announcement of Foley Trasimene’s merger with Paysafe took place on Dec. 7, 2020.
Will BFT become PSFE? On December 7, 2020, FTAC announced that it and Paysafe Group Holdings Limited entered into a definitive agreement and plan of merger, and that upon closing of the transaction the newly combined company will operate as Paysafe with its shares listed on the New York Stock Exchange under the symbol PSFE.
Additionally, What did BFT merge with?
Paysafe Group Holdings Limited, a leading specialized payments platform, and Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) (« Foley Trasimene »), a special purpose acquisition company, today announced that they have completed their previously announced merger.
What stock did BFT merge with?
Back in December last year, BFT stock announced its merger with UK-based online payments company Paysafe. The combined entity will list under the ticker PSFE, with an estimated enterprise value of $9 billion.
Is BFT a good SPAC? Foley Trasimene Acquisition II Is an Excellent SPAC Play As EV Fatigue Sets In. Foley Trasimene Acquisition II Corp. (NYSE:BFT) stock is down 1.3% in the past month. For my money, this company is one of the most attractive special purpose acquisition companies (SPACs) out there.
Did BFT become PSFE? On December 7, 2020, FTAC announced that it and Paysafe Group Holdings Limited entered into a definitive agreement and plan of merger, and that upon closing of the transaction the newly combined company will operate as Paysafe with its shares listed on the New York Stock Exchange under the symbol PSFE.
When did PSFE go public? On August 21, 2020,Foley Trasimene Acquisition Corp. II (the “Company”) consummated its initial public offering (“IPO”)of 130,000,000 units (the “Units”).
How much debt does Paysafe have?
Paysafe’s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $19 Mil. Paysafe’s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $2,776 Mil.
What was PSFE before? Paysafe Limited (formerly known as Optimal Payments PLC) is a multinational online payments company.
Is paysafe overvalued?
Paysafe’s forward earnings multiple of 38.5 is still nearly 80% higher than the S&P 500’s, making Paysafe look overvalued. Paysafe’s forward PE ratio is also more than 40% higher than its technology sector peers, which are averaging a 26.8 forward earnings multiple.
Is Paysafe limited a good stock to buy? After Paysafe (NYSE:PSFE) stock tumbled recently due to the company’s slightly weaker-than-expected third-quarter results and guidance reduction, PSFE stock remains a great pick for some investors.
Why is PSFE down?
Paysafe stock is partly down due to meager revenue growth. Through the first three quarters of 2021, revenue is only up 5.6% from the comparable period of 2020. However, the stock is also down because the company’s operating loss has worsened, despite generating higher revenue.
Is Paysafe profitable?
Paysafe is also expected to turn profitable, with statutory earnings of US$0.11 per share.
Is Paysafe a good investment? Paysafe Has Little Appeal to Growth and Value Investors
You’ll see that there’s not only not much appeal here for growth investors, but there’s not much to excite value investors with Paysafe, either. Given the company’s high depreciation and interest expenses, it’s in the red on a net income basis.
Why is Paysafe stock going down? The fintech company lowered its 2021 and 2022 outlook due to Digital Wallet business being weaker than expected. The company says that European demand was lower than expected and that actions have been taken to revise pricing match interest.
Who did PSFE merge with?
II (« FTAC »), a special purpose acquisition company, announced its entry into a definitive agreement and plan of merger with Paysafe Group Holdings Limited, and that upon closing of the transaction the newly combined company would operate as Paysafe with its shares listed on the New York Stock Exchange under the symbol …
Who owns Paysafe group? In August 2017, it was announced that Paysafe would be sold to a consortium of The Blackstone Group and CVC Capital Partners for £2.96 billion, making it the largest private equity backed takeover of a London-listed company since the financial crisis of 2007–2008.
Who owns Paysafe ltd?
In August 2017, it was announced that Paysafe would be sold to a consortium of The Blackstone Group and CVC Capital Partners for £2.96 billion, making it the largest private equity backed takeover of a London-listed company since the financial crisis of 2007–2008.
Who has invested in Paysafe? Top 10 Owners of Paysafe Ltd
| Stockholder | Stake | Total change |
|---|---|---|
| BlackRock Fund Advisors | 1.69% | +67.27% |
| SSgA Funds Management, Inc. | 0.95% | +112.36% |
| Canyon Capital Advisors LLC | 0.88% | +1.63% |
| Adage Capital Management LP | 0.55% | +1.90% |