Paysafe Completes Merger with Foley Trasimene Acquisition Corp. II

Paysafe​, a leading global provider of end-to-end payment solutions, announced the completion of previously announced business combination with Trasimene Acquisition Corp. II, a special purpose acquisition company.

The merger was approved at a special meeting of stockholders of Foley Trasimene on March 25, 2021 and closed at March 30, 2021. The combined company now operates as Paysafe Limited ("Paysafe") and Paysafe’s common shares and warrants will begin trading on the New York Stock Exchange (NYSE) under the ticker symbols “PSFE” and “PSFE.WS” respectively, starting tomorrow, March 31, 2021.

Commenting on the completion of merger, Philip McHugh, CEO of Paysafe said: “The closing of this transaction and our listing on the New York Stock Exchange is a huge milestone for Paysafe and getting to this point today is testament to the hard work and dedication of our team around the world.  I would also like to thank Bill and the Foley Trasimene team for their backing and belief in our opportunity, and of course Blackstone and CVC for their continued investment and support. We’re excited to be embarking on the next stage of our growth journey as a public company.”