Alight (ALIT) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 02, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Entity File Number	001-39299
Entity Registrant Name	Alight, Inc. / Delaware
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1849232
Entity Address, Address Line One	4 Overlook Point
Entity Address, City or Town	Lincolnshire
Entity Address, Country	IL
Entity Address, Postal Zip Code	60069
City Area Code	224
Local Phone Number	737-7000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		446,790,011
Entity Central Index Key	0001809104
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Transition Report	false
Class A common stock
Document Information [Line Items]
Trading Symbol	ALIT
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Security Exchange Name	NYSE
Redeemable warrants, each whole warrant exercisable
Document Information [Line Items]
Trading Symbol	ALIT. WS
Title of 12(b) Security	Warrants to purchase one share of Class A common stock
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 14,551	$ 496,471
Prepaid expenses	137,915	225,747
Total Current Assets	152,466	722,218
Investments held in Trust Account	1,036,010,297	1,035,849,267
TOTAL ASSETS	1,036,162,763	1,036,571,485
Current liabilities:
Accrued expenses	8,901,247	2,980,284
Income taxes payable	11,060	147,695
Due to sponsor	1,138,058
Total Current Liabilities	10,050,365	3,127,979
Warrant liability	105,507,333	127,388,332
Forward purchase liability	15,000,822	54,277,110
Deferred underwriting fee payable	36,225,000	36,225,000
Total Liabilities	166,783,520	221,018,421
Commitments and Contingencies
Class A common stock subject to possible redemption, 86,437,924 and 81,055,306 shares at $10.00 per share as of June 30, 2021 and December 31, 2020, respectively	864,379,240	810,553,063
Stockholders' Equity
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital	65,602,179	119,427,819
Accumulated deficit	(60,606,470)	(114,432,650)
Total Stockholders' Equity	5,000,003	5,000,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,036,162,763	1,036,571,485
Class A common stock not subject to possible redemption
Stockholders' Equity
Common stock	1,706	2,244
Class B common stock
Stockholders' Equity
Common stock	2,588	2,588
Total Stockholders' Equity	$ 2,588	$ 2,588

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Shares subject to possible redemption	86,437,924	81,055,306
Shares subject to possible redemption, par value per share	$ 10	$ 10
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001
Class A common stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	400,000,000	400,000,000
Class A common stock subject to possible redemption
Shares subject to possible redemption	86,437,924	81,055,306
Class A common stock not subject to possible redemption
Common stock, shares issued	17,062,076	22,444,694
Common stock, shares outstanding	17,062,076	22,444,694
Class B common stock
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	25,875,000	25,875,000
Common stock, shares outstanding	25,875,000	25,875,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021
Formation and general and administrative expenses	$ 4,175,988	$ 109,445	$ 110,404	$ 7,433,772
Loss from operations	(4,175,988)	(109,445)	(110,404)	(7,433,772)
Other income (loss):
Interest earned on marketable securities held in Trust Account	24,979	124,456	124,456	161,030
Change in fair value of forward purchase liability	4,970,490	(18,909,921)	(18,909,921)	39,276,288
Change in fair value of warrant liability	(25,034,667)	(12,105,667)	(12,105,666)	21,880,999
Total other income (loss), net	(20,039,198)	(30,891,132)	(30,891,131)	61,318,317
Income (loss) before provision for income taxes	(24,215,186)	(31,000,577)	(31,001,535)	53,884,545
Provision for income taxes	(40,294)	(15,636)	(15,636)	(58,365)
Net income (loss)	(24,255,480)		(31,017,171)	53,826,180
Class A common stock subject to possible redemption
Other income (loss):
Interest earned on marketable securities held in Trust Account	$ 24,979	$ 124,456	$ 124,456	$ 161,030
Weighted average shares outstanding of common stock	103,500,000	103,500,000	103,500,000	103,500,000
Basic and diluted net income (loss) per share	$ 0	$ 0	$ 0	$ 0
Class A common stock
Other income (loss):
Weighted average shares outstanding of common stock	103,500,000	103,500,000	103,500,000	103,500,000
Basic and diluted net income (loss) per share	$ 0	$ 0	$ 0	$ 0
Class B common stock
Other income (loss):
Weighted average shares outstanding of common stock	25,875,000	25,875,000	25,875,000	25,875,000
Basic and diluted net income (loss) per share	$ (0.94)	$ (1.20)	$ (1.20)	$ 2.08

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Class A common stock subject to possible redemption	Class B common stock	Additional Paid-in Capital	Accumulated (Deficit) Earnings	Total
Balance at the beginning at Mar. 25, 2020	$ 0	$ 0	$ 0	$ 0	$ 0
Balance at the beginning (in shares) at Mar. 25, 2020	0	0
Increase (decrease) in stock holders equity
Net income (loss)				(959)	(959)
Balance at the end at Mar. 31, 2020				(959)	(959)
Balance at the beginning at Mar. 25, 2020	$ 0	$ 0	0	0	0
Balance at the beginning (in shares) at Mar. 25, 2020	0	0
Increase (decrease) in stock holders equity
Net income (loss)					(31,017,171)
Balance at the end at Jun. 30, 2020	$ 1,410	$ 2,588	36,013,175	(31,017,171)	5,000,002
Balance at the end (in shares) at Jun. 30, 2020	14,103,146	25,875,000
Balance at the beginning at Mar. 31, 2020				(959)	(959)
Increase (decrease) in stock holders equity
Issuance of Class B common stock to Sponsors		$ 2,588	22,412		25,000
Issuance of Class B common stock to Sponsors (in shares)		25,875,000
Sale of 103,500,000 Units, net of allocation to warrant liabilities, underwriting discounts and other offering costs	$ 10,350		977,039,696		977,050,046
Sale of 103,500,000 Units, net of allocation to warrant liabilities, underwriting discounts and other offering costs (in shares)	103,500,000
Sale of 15,133,133 Private Placement Warrants			22,700,000		22,700,000
Class A common stock subject to possible redemption	$ (8,940)		(893,959,600)		(893,968,540)
Class A common stock subject to possible redemption (in shares)	(89,396,854)
Initial classification of warrant liability			(69,789,333)		(69,789,333)
Net income (loss)				(31,016,212)
Balance at the end at Jun. 30, 2020	$ 1,410	$ 2,588	36,013,175	(31,017,171)	5,000,002
Balance at the end (in shares) at Jun. 30, 2020	14,103,146	25,875,000
Balance at the beginning at Dec. 31, 2020	$ 2,244	$ 2,588	119,427,819	(114,432,650)	5,000,001
Balance at the beginning (in shares) at Dec. 31, 2020	22,444,694	25,875,000
Increase (decrease) in stock holders equity
Change in value of common stock subject to possible redemption	$ (780)		(78,080,878)		(78,081,658)
Change in value of common stock subject to possible redemption (in shares)	(7,808,166)
Net income (loss)				78,081,660	78,081,660
Balance at the end at Mar. 31, 2021	$ 1,464	$ 2,588	41,346,941	(36,350,990)	5,000,003
Balance at the end (in shares) at Mar. 31, 2021	14,636,528	25,875,000
Balance at the beginning at Dec. 31, 2020	$ 2,244	$ 2,588	119,427,819	(114,432,650)	5,000,001
Balance at the beginning (in shares) at Dec. 31, 2020	22,444,694	25,875,000
Increase (decrease) in stock holders equity
Net income (loss)					53,826,180
Balance at the end at Jun. 30, 2021	$ 1,706	$ 2,588	65,602,179	(60,606,470)	5,000,003
Balance at the end (in shares) at Jun. 30, 2021	17,062,076	25,875,000
Balance at the beginning at Mar. 31, 2021	$ 1,464	$ 2,588	41,346,941	(36,350,990)	5,000,003
Balance at the beginning (in shares) at Mar. 31, 2021	14,636,528	25,875,000
Increase (decrease) in stock holders equity
Change in value of common stock subject to possible redemption	$ 242		24,255,238		24,255,480
Change in value of common stock subject to possible redemption (in shares)	2,425,548
Net income (loss)				(24,255,480)	(24,255,480)
Balance at the end at Jun. 30, 2021	$ 1,706	$ 2,588	$ 65,602,179	$ (60,606,470)	$ 5,000,003
Balance at the end (in shares) at Jun. 30, 2021	17,062,076	25,875,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY- (Parenthetical)	3 Months Ended
	Jun. 30, 2020shares
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Sale of units (in shares)	103,500,000
Number Of Warrants Issued	15,133,133

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021
Cash Flows from Operating Activities:
Net income (loss)			$ (31,017,171)	$ 53,826,180
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of forward purchase liability	$ (4,970,490)	$ 18,909,921	18,909,921	(39,276,288)
Change in fair value of warrant liability	25,034,667	12,105,667	12,105,666	(21,880,999)
Interest earned on marketable securities held in Trust Account	(24,979)	(124,456)	(124,456)	(161,030)
Changes in operating assets and liabilities:
Prepaid expenses			(313,467)	87,832
Accrued expenses			89,014	5,920,962
Income taxes payable			15,636	(136,635)
Due to sponsor				1,138,058
Net cash used in operating activities			(334,857)	(481,920)
Cash Flows from Investing Activities:
Investment of cash into Trust Account			(1,035,000,000)
Net cash used in investing activities			(1,035,000,000)
Cash Flows from Financing Activities:
Proceeds from issuance of Class B common stock to Sponsor			25,000
Proceeds from sale of Units, net of underwriting discounts paid			1,014,300,000
Proceeds from sale of Private Placement Warrants			22,700,000
Proceeds from promissory note - related party			250,000
Repayment of promissory note - related party			(250,000)
Payment of offering cost			(404,954)
Net cash provided by financing activities			1,036,620,046
Net Change in Cash			1,285,189	(481,920)
Cash - Beginning			0	496,471
Cash - End	$ 14,551	$ 1,285,189	1,285,189	14,551
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Change in value of Class A common stock subject to possible redemption			(31,010,447)	$ (53,826,178)
Initial classification of Class A common stock subject to possible redemption			924,978,987
Offering costs included in accrued offering costs			620,000
Deferred underwriting fee payable			$ 36,225,000

DESCRIPTION OF ORGANIZATION AND

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	6 Months Ended
	Jun. 30, 2021
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS ​ Alight Group, Inc. (f/k/a Foley Trasimene Acquisition Corp.) (the “Company”) was incorporated in Delaware on March 26, 2020. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (“Business Combination”). ​ Alight Business Combination ​ On July 2, 2021 (the “Closing Date”), FTAC completed the Alight Business Combination contemplated by the Business Combination Agreement. On the Closing Date, pursuant to the Business Combination Agreement, among other things, (i) FTAC Merger Sub merged with and into FTAC, with FTAC being the surviving corporation in the merger and becoming a subsidiary of Alight (the “FTAC Merger”) and being renamed Alight Group, Inc. (in such capacity, the “FTAC Surviving Corporation”), (ii) Tempo Merger Sub merged with and into Tempo, with Tempo being the surviving company in the merger (the “Tempo Merger”), becoming a subsidiary of Alight and being renamed Alight Holding Company, LLC (in such capacity, “Alight Holdings”) and (iii) each of the Blocker Merger Subs merged with and into the correspondingly numbered Tempo Blocker, with the applicable Tempo Blocker being the surviving entity in such mergers. As a result of the Alight Business Combination, and by virtue of such series of mergers and related transactions, the combined company is now organized in an “Up-C” structure, in which substantially all of the assets and business of Alight are held by Alight Holdings, of which Alight is the managing member pursuant to the terms of the Alight Holdings Operating Agreement that went into effect upon the completion of the Alight Business Combination. ​ Capitalized terms not otherwise defined herein have the meaning set forth in FTAC’s definitive proxy statement and Alight’s final prospectus filed with the Securities and Exchange Commission (the “Commission” or the “SEC”) in connection with the Business Combination on June 4, 2021 (the “Proxy Statement/Prospectus”). ​ Alight Capital Structure ​ As a result of the Business Combination and pursuant to the Amended and Restated Certificate of Incorporation of the Company (the “Alight Charter”), Alight’s capital stock is now comprised of: (i) Class A common stock, par value $0.0001 per share (the “Alight Class A common stock”), which is traded on the New York Stock Exchange (the “NYSE”), (ii) Class B-1 common stock, par value $0.0001 per share (the “Alight Class B-1 common stock”), (iii) Class B-2 common stock, par value $0.0001 per share (the “Alight Class B-2 common stock”), (iv) Class B-3 common stock, par value $0.0001 per share, no shares of which are issued or outstanding Description of the Company’s Securities Comparison of Stockholders’ Rights ​ Consideration ​ Pursuant to the terms of the Business Combination Agreement, at the effective time of the FTAC Merger (the “FTAC Effective Time”), the 119,298,699 shares of FTAC’s Class A common stock, par value $0.0001 per share, issued and outstanding outstanding ​ Alight was appointed and admitted as the managing member of Alight Holdings upon the effective time of the Tempo Merger (the “Tempo Effective Time”). Alight, as the managing member of Alight Holdings, has the sole authority to manage Alight Holdings in accordance with the Alight Holdings Operating Agreement and applicable law. No other member of Alight Holdings has the right to participate in or have any control over the business of Alight Holdings, and except for certain limited consent rights set forth in the Alight Holdings Operating Agreement, no member other than Alight (in its capacity as the managing member) has any right to vote on any matter involving Alight Holdings. The managing member solely manages the business, property and affairs of Alight Holdings, and the managing member cannot be removed or replaced except by the incumbent managing member. ​ The aggregate consideration paid at the Closing to Tempo and Tempo Blocker securityholders was approximately $1.016 billion in cash, (ii) a number of shares of Alight Class A Common Stock and Class A Units of Alight Holdings (together with an equal number of shares of Alight Class V common stock) in the aggregate equal to 226,663,750, (iii) a number of shares of Alight Class B-1 common stock and Class B-1 Units of Alight Holdings (“Class B-1 Units”) in the aggregate equal to 7,500,000 and (iv) a number of shares of Alight Class B-2 common stock and Class B-2 Units of Alight Holdings (“Class B-2 Units”) in the aggregate equal to 7,500,000, which consideration was allocated among such holders pursuant to the allocation schedule provided by Tempo pursuant to the Business Combination Agreement. ​ The description of the Business Combination Agreement, the Alight Business Combination and related transactions in this report does not purport to be complete and is subject, and qualified in its entirety by reference, to the full text of the Business Combination Agreement and other exhibits which are attached as exhibits to the Form 8-K filed by the Company on July 12, 2021. ​ Business Prior to the Business Combination ​ All activity for the period from March 26, 2020 (inception) through June 30, 2021 relates to the Company’s formation, the initial public offering (“Initial Public Offering”), which is described below, identifying a target company for an initial business combination and consummating the Alight Business Combination. ​ The registration statement for the Company’s Initial Public Offering was declared effective on May 26, 2020. On May 29, 2020, the Company consummated the Initial Public Offering of 103,500,000 units (the “Units” and, with respect to the Class A common stock included in the Units sold, the “Public Shares” and with respect to the warrants included in the Units sold, the “Public Warrants”), which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 13,500,000 Units, at $10.00 per Unit, generating gross proceeds of $1,035,000,000, which is described in Note 3. ​ Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 15,133,333 warrants (the “Private Placement Warrants” and, collectively with the Public Warrants, the “Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to Trasimene Capital Management FT, LP, an affiliate of Trasimene Capital Management, LLC, and Bilcar FT, LP, an affiliate of Bilcar Limited Partnership (collectively the “Sponsors”), generating gross proceeds of $22,700,000, which is described in Note 4. ​ Following the closing of the Initial Public Offering on May 29, 2020, an amount of $1,035,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account to the Company’s stockholders, as described below.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ​ Basis of Presentation ​ The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. ​ The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on 10-K/A, as amended, as filed with the SEC on April 29, 2021. The interim results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future interim periods. ​ Principles of Consolidation ​ The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany balances and transactions have been eliminated in consolidation. ​ Emerging Growth Company ​ The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. ​ Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. ​ Use of Estimates ​ The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements and the reported amounts of revenues and expenses during the reporting period. ​ Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future events. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant forward purchase liabilities. Such estimates may be subject to change as more current information becomes available and, accordingly, the actual results could differ significantly from those estimates. ​ Cash and Cash Equivalents ​ The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2021 or December 31, 2020. ​ Offering Costs ​ Offering costs consist of underwriting, legal, accounting and other expenses incurred through the Initial Public Offering that are directly related to the Initial Public Offering. Offering costs amounting to $57,949,954 were charged to stockholders’ equity upon the completion of the Initial Public Offering ​ Class A Common Stock Subject to Possible Redemption ​ The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in ASC Topic 480 Distinguishing Liabilities from Equity. Common stock subject to mandatory redemption is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of June 30, 2021 and December 31, 2020, the 86,437,924 and 81,055,306 shares of Class A common stock subject to possible redemption, respectively, are presented as temporary equity, outside of the stockholders’ equity section of the Company’s condensed balance sheets, respectively. ​ Warrant and Forward Purchase Liabilities ​ The Company accounts for the Warrants and FPAs (as defined in Note 6) as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the Warrants and FPAs and the applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the Warrants and FPAs are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and meet all of the requirements for equity classification under ASC 815, including whether the Warrants and FPAs are indexed to the Company’s own common shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of issuance of the Warrants and execution of the FPAs and as of each subsequent quarterly period end date while the Warrants and FPAs are outstanding. For issued or modified instruments such as warrants and forward purchases of equity that meet all of the criteria for equity classification, such instruments are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified instruments that do not meet all the criteria for equity classification, such instruments are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of liability-classified instruments are recognized as a non-cash gain or loss on the unaudited condensed consolidated statements of operations. ​ The Company accounts for the Warrants and FPAs in accordance with ASC 815-40 under which the Warrants and FPAs do not meet the criteria for equity classification and must be recorded as liabilities. The liabilities for the Warrants and FPAs are included in Warrant liability and Forward purchase liability, respectively, on the condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020. See Note 8 for further discussion of the pertinent terms of the Warrants and Note 9 for further discussion of the methodology used to determine the fair value of the Company’s liabilities for the Warrants and FPAs. ​ Income Taxes ​ The Company accounts for income taxes under ASC 740, Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. As of June 30, 2021 and December 31, 2020, the Company had a deferred tax asset of approximately $2,192,000 and $654,000, respectively, which had a full valuation allowance recorded against it of approximately $2,192,000 and $654,000, respectively. ​ The Company’s current taxable income primarily consists of interest income on the Trust Account. The Company’s general and administrative costs are generally considered start-up costs and are not currently deductible. During the three and six months ended June 30, 2021, the Company recorded income tax expense of approximately $40,000 and $58,000, respectively, primarily related to taxes on interest income earned on the Trust Account. The Company’s effective tax rate for the six months ended June 30, 2021 was approximately 0.02%, which differs from the expected income tax rate primarily due to the gains recorded on the change in fair value of the Company’s warrant and FPA liabilities. The provision for income taxes was deemed to be immaterial for the period from March 26, 2020 (inception) through June 30, 2020. ​ ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2021 and December 31, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. ​ Net Income (Loss) Per Common Share ​ Net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. The Company has not considered the effect of warrants sold in the Initial Public Offering and Private Placement Warrants to purchase 49,633,333 shares of Class A common stock in the calculation of diluted income (loss) per share, since the exercise of the warrants are contingent upon the occurrence of future events. As a result, diluted net income (loss) per common share is the same as basic income (loss) per common share for the periods presented. ​ The Company’s unaudited condensed consolidated statements of operations include a presentation of income (loss) per share for common shares subject to possible redemption in a manner similar to the two-class method of income (loss) per share. Net income per common share for the period, basic and diluted, for Class A redeemable common stock is calculated by dividing the interest income earned on the Trust Account, by the weighted average number of shares of Class A redeemable common stock outstanding during the period. Net income (loss) per share, basic and diluted, for Class B non-redeemable common stock is calculated by dividing the net loss, adjusted for income attributable to Class A redeemable common stock, net of applicable franchise and income taxes, by the weighted average number of shares of Class B non-redeemable common stock outstanding for the period. Class B non-redeemable common stock includes the Founder Shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account. ​ The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ From ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 26,2020 ​ Three Months ​ Six Months (inception) ​ ​ Ended ​ Ended ​ through ​ ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Income allocable to Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Income ​ $ 24,979 ​ $ 124,456 ​ $ 161,030 ​ $ 124,456 Income and Franchise Tax ​ ​ (24,979) ​ ​ (66,000) ​ (161,030) ​ ​ (66,000) Net Income ​ $ — ​ $ 58,456 ​ $ — ​ $ 58,456 Denominator: Weighted Average Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Redeemable Class A Common Stock, Basic and Diluted ​ ​ 103,500,000 ​ ​ 103,500,000 ​ 103,500,000 ​ ​ 103,500,000 Earnings per Share/Basic and Diluted Redeemable Class A Common Stock ​ $ 0.00 ​ $ 0.00 ​ $ 0.00 ​ $ 0.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Redeemable B Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Net loss minus Redeemable Net Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ (24,255,480) ​ $ (31,017,171) ​ $ 53,826,180 ​ $ (31,017,171) Less: Redeemable Net Income ​ ​ — ​ ​ (58,456) ​ — ​ ​ (58,456) Non-Redeemable Net Income ​ $ (24,255,480) ​ $ (30,958,715) ​ $ 53,826,180 ​ $ (30,958,715) Denominator: Weighted Average Non-Redeemable B Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Redeemable B Common Stock, Basic and Diluted ​ ​ 25,875,000 ​ ​ 25,875,000 ​ 25,875,000 ​ ​ 25,875,000 Earnings (loss) per Share/Basic and Diluted Non-Redeemable B Common Stock ​ $ (0.94) ​ $ (1.20) ​ $ 2.08 ​ $ (1.20) ​ Concentration of Credit Risk ​ Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. ​ Fair Value of Financial Instruments ​ The fair value of the Company’s current assets and liabilities and deferred underwriting fees payable, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximate the carrying amounts represented in the accompanying condensed consolidated balance sheets, primarily due to their short-term nature. See Note 9 for further discussion of the fair values of the investments held in trust, warrant liability and FPA liability. ​ Recent Accounting Standards ​ In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years, with early adoption permitted. The Company has not adopted ASU 2020-06 and is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows. ​ Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING	6 Months Ended
	Jun. 30, 2021
INITIAL PUBLIC OFFERING
INITIAL PUBLIC OFFERING	NOTE 3. INITIAL PUBLIC OFFERING ​ Pursuant to the Initial Public Offering, the Company sold 103,500,000 Units, at $10.00 per Unit, which includes the full exercise by the underwriters of their option to purchase an additional 13,500,000 Units. Each Unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole Public Warrant entitles the holder to purchase one share of Class A common stock at an exercise price of $11.50 per share, subject to adjustment (see Note 8).

PRIVATE PLACEMENT

PRIVATE PLACEMENT	6 Months Ended
	Jun. 30, 2021
PRIVATE PLACEMENT
PRIVATE PLACEMENT	NOTE 4. PRIVATE PLACEMENT ​ Simultaneously with the closing of the Initial Public Offering, the Sponsors purchased an aggregate of 15,133,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, for an aggregate purchase price of $22,700,000. Each Private Placement Warrant is exercisable for one share of Class A common stock at a price of $11.50 per share, subject to adjustment (see Note 8).

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 5. RELATED PARTY TRANSACTIONS ​ Founder Shares ​ In April 2020, the Sponsors purchased 21,562,500 shares of the Company’s Class B common stock (the “Founder Shares”) for an aggregate purchase price of $25,000. On May 18, 2020, Bilcar FT, LP transferred 4,312,500 of its Founder Shares to Trasimene Capital FT, LP at their original purchase price. On May 19, 2020, the Sponsors transferred 25,000 of the Founder Shares to each of the independent director nominees at their original purchase price. On May 26, 2020, the Company effected a stock dividend with respect to its Class B common stock of 4,312,500 shares thereof, resulting in an aggregate of 25,875,000 outstanding shares of Class B common stock. All share and per-share amounts have been retroactively restated to reflect the stock dividend. ​ On July 2, 2021, he Founder Shares automatically converted into Class A common stock upon the consummation of the Alight Business Combination on a one-for-one basis, as described in Note 1 and 7. ​ The Sponsors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of a Business Combination; and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation, stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Class A common stock for cash, securities or other property. ​ Promissory Note with Related Parties ​ On April 7, 2020, the Company issued a promissory note (the “Promissory Note”) to affiliates of the Sponsors, pursuant to which the Company could borrow up to an aggregate principal amount of $150,000. On May 20, 2020, the Promissory Note was amended and restated to increase the aggregate principal amount available for borrowing to $300,000. The Promissory Note was non-interest bearing and payable on the earlier of (i) January 31, 2021 and (ii) the completion of the Initial Public Offering. The outstanding balance under the Promissory Note of $250,000 was repaid upon the consummation of the Initial Public Offering on May 29, 2020. ​ Due to Sponsor ​ The Sponsors funded $1,138,058 of Formation and general and administrative costs on behalf of the Company in the six months ended June 30, 2021. Such amount was due on demand, is included in Due to Sponsor on our condensed consolidated balance sheet as of June 30, 2021 and was repaid upon closing of the Alight Business Combination on July 2, 2021. ​ Administrative Services Agreement ​ The Company entered into an agreement whereby, commencing on May 26, 2020 through the earlier of the Company’s consummation of a Business Combination and its liquidation, the Company will pay an affiliate of the Sponsors up to $5,000 per month for office space, and administrative support services. For the three months and six months ended June 30, 2021, the Company incurred and paid $15,000 and $30,000, respectively, in fees for these services. $15,000 of such fees were paid and $15,000 are included in accrued expenses in the accompanying condensed consolidated balance sheet at June 30, 2021. For the period from March 26, 2020 (inception) through June 30, 2020, the Company incurred $10,000 in fees for these services. This agreement was terminated upon the consummation of the Alight Business Combination.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 6. COMMITMENTS AND CONTINGENCIES ​ Registration Rights ​ Pursuant to a registration rights agreement entered into on May 26, 2020, the holders of the Founder Shares and Private Placement Warrants (and any Class A common stock issuable upon the exercise of the Private Placement Warrants and upon conversion of the Founder Shares) are entitled to registration rights. The holders of these securities will be entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination. However, the registration and stockholder rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lockup period. The Company will bear the expenses incurred in connection with the filing of any such registration statements. ​ Underwriting Agreement ​ The underwriters are entitled to a deferred fee of $0.35 per Unit, or $36,225,000 in the aggregate (the “Deferred Underwriting Fee”). The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. ​ Forward Purchase Agreements ​ In May 2020, the Company entered into forward purchase agreements (the “FPAs”)with each of Cannae Holdings, Inc. and THL FTAC LLC. Pursuant to each agreement, Cannae Holdings, Inc. and THL FTAC LLC have each agreed to purchase shares of the Company’s Class A common stock in an aggregate share amount equal to 15,000,000 shares warrants purchase share per share or one-third ​ Risks and Uncertainties ​ Management continues to evaluate the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position or results of its operations, the specific impact is not readily determinable as of the date of these financial statements. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2021
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 7. STOCKHOLDERS’ EQUITY ​ Prior to the consummation of the Alight Business Combination, the Company’s equity consisted of the following. ​ Preferred Stock. ​ Class A Common Stock. issued outstanding ​ Class B Common Stock. ​ Only holders of the Class B common stock will have the right to vote on the election of directors prior to the Business Combination. Holders of Class A common stock and holders of Class B common stock will vote together as a single class on all other matters submitted to a vote of the Company’s stockholders except as otherwise required by law. ​ The Class B common stock will automatically convert into Class A common stock on the first business day following the completion of a business combination at a ratio such that the number of Class A common stock issuable upon conversion of all Class B common stock will equal, in the aggregate, 25% of the sum of (i) the total number of shares of Class A common stock issued and outstanding upon completion of Initial Public Offering, plus (ii) the sum of (a) the total number of shares of Class A common stock issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or deemed issued, by the Company in connection with or in relation to the completion of a Business Combination (including the forward purchase shares, but not the forward purchase warrants), excluding any Class A common stock or equity-linked securities exercisable for or convertible into Class A common stock issued, or to be issued, to any seller in a Business Combination, and any private placement warrants issued to the Sponsors upon conversion of Working Capital Loans, minus (b) the number of Public Shares redeemed by public stockholders in connection with a Business Combination. Any conversion of Class B common stock will take effect as a compulsory redemption of Class B common stock and an issuance of Class A common stock as a matter of Delaware law. In no event will the Class B common stock convert into Class A common stock at a rate of less than one to one.

WARRANTS

WARRANTS	6 Months Ended
	Jun. 30, 2021
WARRANTS
WARRANTS	NOTE 8. WARRANTS ​ As of June 30, 2021 and December 31, 2020, there were 34,500,000 Public Warrants outstanding. Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public Warrants will expire five years from the completion of a Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. ​ The Company will not be obligated to deliver any Class A common stock pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act with respect to the Class A common stock underlying the warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration, or a valid exemption from registration is available. No warrant will be exercisable and the Company will not be obligated to issue shares of Class A common stock upon exercise of a warrant unless the Class A common stock issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. ​ The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the Class A common stock issuable upon exercise of the warrants. The Company will use its commercially reasonable efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration or redemption of the warrants in accordance with the provisions of the warrant agreement. If a registration statement covering the issuance of the Class A common stock issuable upon exercise of the warrants is not effective by the 60th business day after the closing of a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. In addition, if the shares of Class A common stock are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of the Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company elects to do so, the Company will not be required to file or maintain in effect a registration statement, but it will use its best efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. In such event, each holder would pay the exercise price by surrendering the warrants for that number of shares of Class A common stock equal to the lesser of (A) the quotient obtained by dividing (x) the product of the number of shares of Class A common stock underlying the warrants, multiplied the excess of the “fair market value” less the exercise price of the warrants by (y) the fair market value and (B) 0.361. The “fair market value” shall mean the volume weighted average price of the Class A common stock for the 10 trading days ending on the trading day prior to the date on which the notice of exercise is received by the warrant agent. ​ Redemption of Warrants When the Price per Share of Class A Common Stock Equals or Exceeds $18.00 — ​ ● in whole and not in part; ● at a price of $0.01 per Public Warrant; ● upon not less than 30 days ’ prior written notice of redemption to each warrant holder; and ● if, and only if, the last reported sale price of the Class A common stock for any 20 trading days within a 30 trading day period ending three business days before sending the notice of redemption to warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like). ​ If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. However, the Company has agreed not to redeem the warrants unless an effective registration statement under the Securities Act covering the shares of Class A common stock issuable upon exercise of the warrants is effective and a current prospectus relating to those shares of Class A common stock is available throughout the 30-day redemption period. ​ Redemption of Warrants When the Price per Share of Class A Common Stock Equals or Exceeds $10.00 — ​ ● in whole and not in part; ● at $0.10 per warrant upon a minimum of 30 days ’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined, based on the redemption date and the “fair market value” of the Class A common stock; ● if, and only if, the Reference Value (as defined in the above under “Redemption of Warrants When the Price per Share of Class A Common Stock Equals or Exceeds $18.00 ”) equals or exceeds $10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like); and ● if the Reference Value is less than $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) the Private Placement Warrants must also be concurrently called for redemption on the same terms (except as described below with respect to a holder’s ability to cashless exercise its warrants) as the outstanding public warrants, as described above. ​ The exercise price and number of shares of common stock issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. ​ As of June 30, 2021 and December 31, 2020, there were 15,133,333 Private Placement Warrants outstanding. The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that (x) the Private Placement Warrants and the Class A common stock issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions, (y) the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees and (z) the Private Placement Warrants and the Class A common stock issuable upon exercise of the Private Placement Warrants will be entitled to registration rights. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2021
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 9. FAIR VALUE MEASUREMENTS ​ The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities: ​ Level 1: Level 2: Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability. ​ Transfers to/from Levels 1, 2 and 3 are recognized at the end of the reporting period in which a change in valuation technique or methodology occurs. There were no transfers into or out of Level 3 fair value measurements in the six months ended June 30, 2021. ​ Investments Held in Trust ​ The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity in accordance with ASC Topic 320 “Investments - Debt and Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying balance sheets and adjusted for the amortization or accretion of premiums or discounts. ​ As of June 30, 2021 and December 31, 2020, assets held in the Trust Account were comprised of $1,036,010,297 and $383 in cash and zero and $1,035,848,884 in U.S. Treasury securities, respectively. During the six months ended June 30, 2021 and 2020 and the year ended December 31, 2020, the Company did not withdraw any interest income from the Trust Account. ​ The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value. As of June 30, 2021, all investments held in trust were held in cash and are therefore excluded from the table below. The gross holding gains and fair value of held-to-maturity securities at December 31, 2020 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Holding ​ ​ ​ ​ Held-To-Maturity Level Cost Gain Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31,2020 ​ U.S. Treasury Securities (Matured on 2/25/2021) ​ 1 ​ $ 1,035,848,884 ​ $ 22,518 ​ $ 1,035,871,402 ​ Warrant and Forward Purchase Liabilities ​ The Warrants and FPAs are accounted for as liabilities pursuant to ASC 815-40 and are measured at fair value as of each reporting period. Changes in the fair value of the warrant and FPA liabilities are recorded in the statement of operations each period. ​ The following table presents the fair value hierarchy for liabilities measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Warrant liabilities: ​ ​ ​ ​ Public Warrants ​ $ 71,760,000 ​ $ — ​ $ — ​ $ 71,760,000 Private Placement Warrants ​ — ​ — ​ 33,747,333 ​ 33,747,333 Total warrant liabilities ​ $ 71,760,000 ​ $ — ​ $ 33,747,333 ​ $ 105,507,333 Forward Purchase liability ​ $ — ​ $ — ​ $ 15,000,822 ​ $ 15,000,822 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Warrant liabilities: ​ ​ ​ ​ Public Warrants ​ $ 87,285,000 ​ $ — ​ $ — ​ $ 87,285,000 Private Placement Warrants ​ — ​ — ​ 40,103,332 ​ 40,103,332 Total warrant liabilities ​ $ 87,285,000 ​ $ — ​ $ 40,103,332 ​ $ 127,388,332 Forward Purchase liability ​ $ — ​ $ — ​ $ 54,277,110 ​ $ 54,277,110 ​ The Public Warrants were valued using the instrument’s publicly listed trading price (NYSE: WPF.WS) as of June 30, 2021 and December 31, 2020. ​ The Private Placement Warrants were valued using a Modified Black Scholes Model, which is considered to be a Level 3 fair value measurement. The Modified Black Scholes Model uses a Black Scholes Option Pricing Model that is modified to reduce the value of the Private Placement Warrants for a discount for the lack of marketability of the instrument as well as for the probability of consummation of the Business Combination. The model utilizes key inputs including the probability of consummation of a Business Combination, a discount for the lack of marketability, implied volatility of the underlying securities indirectly derived based on comparable public company trading data, risk free interest rates based on US treasury rates, the expected time to consummation of a Business Combination based on the probability of consummation and expiration date of the warrants based on the contractual warrant terms. The primary unobservable inputs utilized in determining the fair value of the Private Placement Warrants is the discount for lack of marketability and the probability of consummation of the Business Combination. The discount for lack of marketability was determined using the Finnerty Model at 6.0%. The probability assigned to the consummation of the Business Combination was 100% which was determined based on a hybrid approach of both observed success rates of business combinations for special purpose acquisition companies and the Sponsors’ track record for consummating similar transactions. ​ The following table presents a summary of the changes in the fair value of the Private Placement Warrants, a Level 3 liability, measured on a recurring basis. ​ ​ ​ ​ ​ ​ Private Placement ​ ​ Warrant Liability Fair value, December 31, 2020 ​ $ 40,103,332 Gain on change in fair value (1) ​ (14,830,666) Fair value, March 31, 2021 ​ ​ 25,272,666 Loss on change in fair value (1) ​ ​ 8,474,667 Fair value, June 30, 2021 ​ $ 33,747,333 ​ ​ ​ ​ Fair value, May 29, 2020 ​ $ 21,489,333 Loss on change in fair value (1) ​ ​ 3,480,666 Fair value, June 30, 2020 ​ $ 24,969,999 (1) Represents the non-cash (gain) loss on the change in valuation of the Private Placement Warrants and is included in Change in fair value of warrant liability on the unaudited condensed statement of operations. ​ The liability for the FPAs was valued using an adjusted net assets method, which is considered to be a Level 3 fair value measurement. Under the adjusted net assets method utilized, the aggregate commitment of $300,000,000 pursuant to the FPAs is discounted to present value and compared to the fair value of the common stock and warrants to be issued pursuant to the FPAs. The fair value of the common stock and warrants to be issued under the FPAs are based on the public trading price of the Units issued in the Company’s IPO. The excess (liability) or deficit (asset) of the fair value of the common stock and warrants to be issued compared to the $300 million fixed commitment is then reduced to account for the probability of consummation of the Business Combination. The method uses key inputs including probability of consummation of a business combination, the contractual fixed purchase commitment of $300 million, the publicly listed trading prices of the underlying securities to be purchased pursuant to the FPAs, risk free interest rates based on US treasury rates and the expected time to consummation of a Business Combination based on the probability of consummation. The primary unobservable input utilized in determining the fair value of the FPAs is the probability of consummation of the Business Combination. As of December 31, 2020, the probability assigned to the consummation of the Business Combination was 100% which was determined based on a hybrid approach of both observed success rates of business combinations for special purpose acquisition companies and the Sponsors’ track record for consummating similar transactions. ​ The following table presents a summary of the changes in the fair value of the FPA liability, a Level 3 liability, measured on a recurring basis. ​ ​ ​ ​ ​ ​ Forward Purchase ​ ​ Liability Fair value, December 31, 2020 ​ $ 54,277,110 Gain on change in fair value (1) ​ (34,305,798) Fair value, March 31, 2021 ​ ​ 19,971,312 Gain on change in fair value (1) ​ ​ (4,970,490) Fair value, June 30, 2021 ​ $ 15,000,822 ​ ​ ​ ​ Fair value, May 29, 2020 ​ $ — Loss on change in fair value (1) ​ ​ 18,909,921 Fair value June 30, 2020 ​ $ 18,909,921 (1) Represents the non-cash (gain) loss on the change in valuation of the liability for the FPAs and is included in Change in fair value of forward purchase liability on the unaudited condensed consolidated statement of operations.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 10. SUBSEQUENT EVENTS ​ On July 2, 2021, the Company consummated the Alight Business Combination. See further discussion in Note 1. In conjunction with the consummation of the Alight Business Combination, the Company disbursed all investments held in the Trust Account which funded, in part, the Alight Business Combination and paid the Deferred Underwriting Fee. ​ Immediately prior to the Alight Business Combination, pursuant to the FPAs, Cannae purchased from FTAC, and FTAC issued to Cannae, 15,000,000 shares of FTAC Class A Common Stock and 5,000,000 FTAC Warrants for an aggregate purchase price of $150,000,000 and THL purchased from FTAC, and FTAC issued to THL, 15,000,000 shares of FTAC Class A Common Stock and 5,000,000 FTAC Warrants for an aggregate purchase price of $150,000,000. Such proceeds formed a portion of the consideration used for the completion of the Alight Business Combination. ​ Registration Rights Agreement ​ On the Closing Date, in connection with the closing of the Alight Business Combination, Alight entered into the Registration Rights Agreement (the “Registration Rights Agreement”), dated as of July 2, 2021, with the Sponsor Investors, the Blackstone Investors and the other Existing Investors (collectively, the “RRA Parties”). ​ Pursuant to the Registration Rights Agreement, Alight is required, as soon as practicable, but in any event within 30 days after the Closing Date, to file a registration statement to permit the public resale of all “Registrable Securities” (as defined in the Registration Rights Agreement) held by the RRA Parties from time to time as permitted by Rule 415 under the Securities Act. In addition, upon the demand of any such RRA Party, Alight will be required to facilitate a non-shelf registered offering of shares of Class A common stock requested by such RRA Party to be included in such offering. Any demanded non-shelf registered offering may, at Alight’s option, include shares of Class A common stock to be sold by Alight for its own account and will also include registrable shares to be sold by holders that exercise their related piggyback rights in accordance with the Registration Rights Agreement. Within 90 days after receipt of a demand for such registration, Alight will be required to use its reasonable best efforts to file a registration statement relating to such demand. In certain circumstances, the RRA Parties will be entitled to piggyback registration rights in connection with the demand of a non-shelf registered offering. ​ In addition, the Registration Rights Agreement will entitle the RRA Parties to demand and be included in a shelf registration when Alight is eligible to sell its shares of Class A common stock in a secondary offering on a delayed or continuous basis in accordance with Rule 415 of the Securities Act. ​ The Registration Rights Agreement also provides that Alight will pay certain expenses relating to such registrations and indemnify the registration rights holders against (or make contributions in respect of) certain liabilities which may arise under the Securities Act. ​ Warrant Assumption Agreement ​ In connection with the completion of the Alight Business Combination, FTAC entered into a Warrant Assumption Agreement, dated as of July 2, 2021, by and among FTAC, Alight and Continental Stock Transfer & Trust Company, a New York corporation (“Continental”, and such agreement, the “Warrant Assumption Agreement”). Pursuant to the Warrant Assumption Agreement, at the effective time of the FTAC Merger (the “FTAC Effective Time”), FTAC assigned to Alight, and Alight assumed, all of FTAC’s rights and obligations under the Warrant Agreement, dated as of May 29, 2020, by and between FTAC and Continental, as warrant agent (the “Warrant Agreement”), including the obligation to issue shares of Alight Class A Common Stock upon the exercise of the Warrants. ​ Tax Receivable Agreement ​ On the Closing Date, in connection with the completion of the Alight Business Combination, Alight entered into a tax receivable agreement (the “Tax Receivable Agreement”), with FTAC, Tempo and certain of the former direct and indirect equityholders of Tempo, including the former equityholders of the Tempo Blockers (such equityholders, together, the “TRA Parties”) and Blackstone Capital Partners VII NQ L.P., as the representative of the TRA Parties (the “TRA Party Representative”). ​ The Tax Receivable Agreement provides for the payment by Alight to such TRA Parties of 85% of the benefits, if any, that Alight is deemed to realize (calculated using certain assumptions) as a result of (i) Alight’s direct and indirect allocable share of existing tax basis acquired in the Alight Business Combination, (ii) increases in Alight’s allocable share of existing tax basis and tax basis adjustments that will increase the tax basis of the tangible and intangible assets of Alight Holdings as a result of the Business Combination and as a result of sales or exchanges of Alight Holdings Units for shares of Alight Class A common stock after the Business Combination and (iii) Alight’s utilization of certain tax attributes of the Tempo Blockers (including the Tempo Blockers allocable share of existing tax basis), and of certain other tax benefits related to entering into the Tax Receivable Agreement, including tax benefits attributable to payments under the Tax Receivable Agreement. These increases in existing tax basis and tax basis adjustments generated over time may increase (for tax purposes) depreciation and amortization deductions and, therefore, may reduce the amount of tax that Alight would otherwise be required to pay in the future, although the IRS may challenge all or part of the validity of that tax basis, and a court could sustain such a challenge. Actual tax benefits realized by Alight may differ from tax benefits calculated under the Tax Receivable Agreement as a result of the use of certain assumptions in the Tax Receivable Agreement, including the use of an assumed weighted-average state and local income tax rate to calculate tax benefits. The payment obligation under the Tax Receivable Agreement is an obligation of Alight and not of Alight Holdings. While the amount of existing tax basis, the anticipated tax basis adjustments and the actual amount and utilization of tax attributes, as well as the amount and timing of any payments under the Tax Receivable Agreement, will vary depending upon a number of factors, including the timing of exchanges of Alight Holdings Units for shares of Alight Class A common stock, the applicable tax rate, the price of shares of Alight Class A common stock at the time of exchanges, the extent to which such exchanges are taxable and the amount and timing of Alight’s income, Alight expects that as a result of the size of the transfers and increases in the tax basis of the tangible and intangible assets of Alight Holdings and Alight’s possible utilization of tax attributes, including existing tax basis acquired at the time of the Business Combination, the payments that Alight may make under the Tax Receivable Agreement may be substantial. The payments under the Tax Receivable Agreement are not conditioned on the exchanging holders of Alight Holdings Units or other TRA Parties continuing to hold ownership interests in Alight Holdings or Alight. To the extent payments are due to the TRA Parties under the Tax Receivable Agreement, the payments are generally required to be made within 10 business days after the tax benefit schedule (which sets forth Alight’s realized tax benefits covered by the Tax Receivable Agreement for the relevant taxable year) is finalized. Alight is required to deliver such a tax benefit schedule to the TRA Parties’ representative, for its review, within 90 calendar days after the due date (including extensions) of Alight’s federal corporate income tax return for the relevant taxable year.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation ​ The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. ​ The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on 10-K/A, as amended, as filed with the SEC on April 29, 2021. The interim results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future interim periods. ​ Principles of Consolidation ​ The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany balances and transactions have been eliminated in consolidation. ​
Emerging Growth Company	Emerging Growth Company ​ The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. ​ Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Use of Estimates	Use of Estimates ​ The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements and the reported amounts of revenues and expenses during the reporting period. ​ Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future events. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant forward purchase liabilities. Such estimates may be subject to change as more current information becomes available and, accordingly, the actual results could differ significantly from those estimates. ​
Cash and Cash Equivalents	Cash and Cash Equivalents ​ The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2021 or December 31, 2020.
Offering Costs	Offering Costs ​ Offering costs consist of underwriting, legal, accounting and other expenses incurred through the Initial Public Offering that are directly related to the Initial Public Offering. Offering costs amounting to $57,949,954 were charged to stockholders’ equity upon the completion of the Initial Public Offering
Class A Common Stock Subject to Possible Redemption	Class A Common Stock Subject to Possible Redemption ​ The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in ASC Topic 480 Distinguishing Liabilities from Equity. Common stock subject to mandatory redemption is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of June 30, 2021 and December 31, 2020, the 86,437,924 and 81,055,306 shares of Class A common stock subject to possible redemption, respectively, are presented as temporary equity, outside of the stockholders’ equity section of the Company’s condensed balance sheets, respectively.
Warrant and FPA Liabilities	Warrant and Forward Purchase Liabilities ​ The Company accounts for the Warrants and FPAs (as defined in Note 6) as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the Warrants and FPAs and the applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the Warrants and FPAs are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and meet all of the requirements for equity classification under ASC 815, including whether the Warrants and FPAs are indexed to the Company’s own common shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of issuance of the Warrants and execution of the FPAs and as of each subsequent quarterly period end date while the Warrants and FPAs are outstanding. For issued or modified instruments such as warrants and forward purchases of equity that meet all of the criteria for equity classification, such instruments are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified instruments that do not meet all the criteria for equity classification, such instruments are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of liability-classified instruments are recognized as a non-cash gain or loss on the unaudited condensed consolidated statements of operations. ​ The Company accounts for the Warrants and FPAs in accordance with ASC 815-40 under which the Warrants and FPAs do not meet the criteria for equity classification and must be recorded as liabilities. The liabilities for the Warrants and FPAs are included in Warrant liability and Forward purchase liability, respectively, on the condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020. See Note 8 for further discussion of the pertinent terms of the Warrants and Note 9 for further discussion of the methodology used to determine the fair value of the Company’s liabilities for the Warrants and FPAs.
Income Taxes	Income Taxes ​ The Company accounts for income taxes under ASC 740, Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. As of June 30, 2021 and December 31, 2020, the Company had a deferred tax asset of approximately $2,192,000 and $654,000, respectively, which had a full valuation allowance recorded against it of approximately $2,192,000 and $654,000, respectively. ​ The Company’s current taxable income primarily consists of interest income on the Trust Account. The Company’s general and administrative costs are generally considered start-up costs and are not currently deductible. During the three and six months ended June 30, 2021, the Company recorded income tax expense of approximately $40,000 and $58,000, respectively, primarily related to taxes on interest income earned on the Trust Account. The Company’s effective tax rate for the six months ended June 30, 2021 was approximately 0.02%, which differs from the expected income tax rate primarily due to the gains recorded on the change in fair value of the Company’s warrant and FPA liabilities. The provision for income taxes was deemed to be immaterial for the period from March 26, 2020 (inception) through June 30, 2020. ​ ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2021 and December 31, 2020. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. ​
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share ​ Net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. The Company has not considered the effect of warrants sold in the Initial Public Offering and Private Placement Warrants to purchase 49,633,333 shares of Class A common stock in the calculation of diluted income (loss) per share, since the exercise of the warrants are contingent upon the occurrence of future events. As a result, diluted net income (loss) per common share is the same as basic income (loss) per common share for the periods presented. ​ The Company’s unaudited condensed consolidated statements of operations include a presentation of income (loss) per share for common shares subject to possible redemption in a manner similar to the two-class method of income (loss) per share. Net income per common share for the period, basic and diluted, for Class A redeemable common stock is calculated by dividing the interest income earned on the Trust Account, by the weighted average number of shares of Class A redeemable common stock outstanding during the period. Net income (loss) per share, basic and diluted, for Class B non-redeemable common stock is calculated by dividing the net loss, adjusted for income attributable to Class A redeemable common stock, net of applicable franchise and income taxes, by the weighted average number of shares of Class B non-redeemable common stock outstanding for the period. Class B non-redeemable common stock includes the Founder Shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account. ​ The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ From ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 26,2020 ​ Three Months ​ Six Months (inception) ​ ​ Ended ​ Ended ​ through ​ ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Income allocable to Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Income ​ $ 24,979 ​ $ 124,456 ​ $ 161,030 ​ $ 124,456 Income and Franchise Tax ​ ​ (24,979) ​ ​ (66,000) ​ (161,030) ​ ​ (66,000) Net Income ​ $ — ​ $ 58,456 ​ $ — ​ $ 58,456 Denominator: Weighted Average Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Redeemable Class A Common Stock, Basic and Diluted ​ ​ 103,500,000 ​ ​ 103,500,000 ​ 103,500,000 ​ ​ 103,500,000 Earnings per Share/Basic and Diluted Redeemable Class A Common Stock ​ $ 0.00 ​ $ 0.00 ​ $ 0.00 ​ $ 0.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Redeemable B Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Net loss minus Redeemable Net Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ (24,255,480) ​ $ (31,017,171) ​ $ 53,826,180 ​ $ (31,017,171) Less: Redeemable Net Income ​ ​ — ​ ​ (58,456) ​ — ​ ​ (58,456) Non-Redeemable Net Income ​ $ (24,255,480) ​ $ (30,958,715) ​ $ 53,826,180 ​ $ (30,958,715) Denominator: Weighted Average Non-Redeemable B Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Redeemable B Common Stock, Basic and Diluted ​ ​ 25,875,000 ​ ​ 25,875,000 ​ 25,875,000 ​ ​ 25,875,000 Earnings (loss) per Share/Basic and Diluted Non-Redeemable B Common Stock ​ $ (0.94) ​ $ (1.20) ​ $ 2.08 ​ $ (1.20) ​
Concentration of Credit Risk	Concentration of Credit Risk ​ Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. ​
Fair Value of Financial Instruments	Fair Value of Financial Instruments ​ The fair value of the Company’s current assets and liabilities and deferred underwriting fees payable, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximate the carrying amounts represented in the accompanying condensed consolidated balance sheets, primarily due to their short-term nature. See Note 9 for further discussion of the fair values of the investments held in trust, warrant liability and FPA liability. ​
Recent Accounting Standards	Recent Accounting Standards ​ In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years, with early adoption permitted. The Company has not adopted ASU 2020-06 and is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows. ​ Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of basic and diluted net income (loss) per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Period ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ From ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 26,2020 ​ Three Months ​ Six Months (inception) ​ ​ Ended ​ Ended ​ through ​ ​ June 30, ​ June 30, ​ June 30, ​ 2021 2020 2021 2020 Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Income allocable to Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Income ​ $ 24,979 ​ $ 124,456 ​ $ 161,030 ​ $ 124,456 Income and Franchise Tax ​ ​ (24,979) ​ ​ (66,000) ​ (161,030) ​ ​ (66,000) Net Income ​ $ — ​ $ 58,456 ​ $ — ​ $ 58,456 Denominator: Weighted Average Redeemable Class A Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Redeemable Class A Common Stock, Basic and Diluted ​ ​ 103,500,000 ​ ​ 103,500,000 ​ 103,500,000 ​ ​ 103,500,000 Earnings per Share/Basic and Diluted Redeemable Class A Common Stock ​ $ 0.00 ​ $ 0.00 ​ $ 0.00 ​ $ 0.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Redeemable B Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: Net loss minus Redeemable Net Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ (24,255,480) ​ $ (31,017,171) ​ $ 53,826,180 ​ $ (31,017,171) Less: Redeemable Net Income ​ ​ — ​ ​ (58,456) ​ — ​ ​ (58,456) Non-Redeemable Net Income ​ $ (24,255,480) ​ $ (30,958,715) ​ $ 53,826,180 ​ $ (30,958,715) Denominator: Weighted Average Non-Redeemable B Common Stock ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-Redeemable B Common Stock, Basic and Diluted ​ ​ 25,875,000 ​ ​ 25,875,000 ​ 25,875,000 ​ ​ 25,875,000 Earnings (loss) per Share/Basic and Diluted Non-Redeemable B Common Stock ​ $ (0.94) ​ $ (1.20) ​ $ 2.08 ​ $ (1.20)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Summary of gross holding losses and fair value of held-to-maturity securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Holding ​ ​ ​ ​ Held-To-Maturity Level Cost Gain Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31,2020 ​ U.S. Treasury Securities (Matured on 2/25/2021) ​ 1 ​ $ 1,035,848,884 ​ $ 22,518 ​ $ 1,035,871,402
Schedule of fair value hierarchy for liabilities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Warrant liabilities: ​ ​ ​ ​ Public Warrants ​ $ 71,760,000 ​ $ — ​ $ — ​ $ 71,760,000 Private Placement Warrants ​ — ​ — ​ 33,747,333 ​ 33,747,333 Total warrant liabilities ​ $ 71,760,000 ​ $ — ​ $ 33,747,333 ​ $ 105,507,333 Forward Purchase liability ​ $ — ​ $ — ​ $ 15,000,822 ​ $ 15,000,822 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total Warrant liabilities: ​ ​ ​ ​ Public Warrants ​ $ 87,285,000 ​ $ — ​ $ — ​ $ 87,285,000 Private Placement Warrants ​ — ​ — ​ 40,103,332 ​ 40,103,332 Total warrant liabilities ​ $ 87,285,000 ​ $ — ​ $ 40,103,332 ​ $ 127,388,332 Forward Purchase liability ​ $ — ​ $ — ​ $ 54,277,110 ​ $ 54,277,110
FPA liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis.	​ ​ ​ ​ ​ ​ Forward Purchase ​ ​ Liability Fair value, December 31, 2020 ​ $ 54,277,110 Gain on change in fair value (1) ​ (34,305,798) Fair value, March 31, 2021 ​ ​ 19,971,312 Gain on change in fair value (1) ​ ​ (4,970,490) Fair value, June 30, 2021 ​ $ 15,000,822 ​ ​ ​ ​ Fair value, May 29, 2020 ​ $ — Loss on change in fair value (1) ​ ​ 18,909,921 Fair value June 30, 2020 ​ $ 18,909,921 (1) Represents the non-cash (gain) loss on the change in valuation of the liability for the FPAs and is included in Change in fair value of forward purchase liability on the unaudited condensed consolidated statement of operations.
Private Placement Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis.	​ ​ ​ ​ ​ ​ Private Placement ​ ​ Warrant Liability Fair value, December 31, 2020 ​ $ 40,103,332 Gain on change in fair value (1) ​ (14,830,666) Fair value, March 31, 2021 ​ ​ 25,272,666 Loss on change in fair value (1) ​ ​ 8,474,667 Fair value, June 30, 2021 ​ $ 33,747,333 ​ ​ ​ ​ Fair value, May 29, 2020 ​ $ 21,489,333 Loss on change in fair value (1) ​ ​ 3,480,666 Fair value, June 30, 2020 ​ $ 24,969,999 (1) Represents the non-cash (gain) loss on the change in valuation of the Private Placement Warrants and is included in Change in fair value of warrant liability on the unaudited condensed statement of operations.

DESCRIPTION OF ORGANIZATION A_2

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS - Additional Information (Details)	Jul. 02, 2021$ / sharesshares	May 29, 2020USD ($)$ / sharesshares	Apr. 30, 2020USD ($)	Jun. 30, 2020USD ($)shares	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	May 26, 2020shares
Subsidiary, Sale of Stock [Line Items]
Number of units issued				103,500,000
Number of warrants issued				15,133,133
Proceeds from sale of Private Placement Warrants | $					$ 22,700,000
Common stock, par value | $ / shares						$ 0.0001
Stock conversion ratio	1
Transaction costs | $		$ 57,949,954
Investment of cash into Trust Account | $		$ 1,035,000,000			1,035,000,000
Initial stock redemption price following business combination | $ / shares						$ 10
Operating bank account | $						$ 14,551	$ 496,471
Aggregate purchase price | $				$ 25,000
Loan from the Sponsor | $					$ 250,000
Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Number of units issued		103,500,000
Share price per Unit | $ / shares		$ 10
Gross proceeds from sale of units | $		$ 1,035,000,000
Over-allotment
Subsidiary, Sale of Stock [Line Items]
Number of units issued		13,500,000
Private Placement
Subsidiary, Sale of Stock [Line Items]
Number of warrants issued		15,133,333
Warrant Issue Price | $ / shares		$ 1.50
Proceeds from sale of Private Placement Warrants | $		$ 22,700,000
FTAC
Subsidiary, Sale of Stock [Line Items]
Number of shares issuable per warrant	1
Share price per share | $ / shares	$ 11.50
Alight
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued	0
Common stock, shares outstanding	0
Alight | FTAC
Subsidiary, Sale of Stock [Line Items]
Shares issued	142,586,199
Class A common stock
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares						$ 0.0001	$ 0.0001
Class A common stock | FTAC
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares	$ 0.0001
Common stock, shares issued	119,298,699
Common stock, shares outstanding	119,298,699
Class A common stock | Alight
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares	$ 0.0001
Class B common stock
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares						$ 0.00001	$ 0.00001
Common stock, shares issued						25,875,000	25,875,000
Common stock, shares outstanding						25,875,000	25,875,000
Aggregate purchase price | $				$ 2,588
Class B common stock | Sponsor
Subsidiary, Sale of Stock [Line Items]
Common stock, shares outstanding								25,875,000
Aggregate purchase price | $			$ 25,000
Class B common stock | FTAC
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares	$ 0.0001
Common stock, shares issued	23,287,500
Common stock, shares outstanding	23,287,500
Class B1 common stock | Alight
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares	$ 0.0001
Class B2 common stock | Alight
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares	0.0001
Class B3 common stock | Alight
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares	0.0001
Class V common stock | Alight
Subsidiary, Sale of Stock [Line Items]
Common stock, par value | $ / shares	$ 0.0001

DESCRIPTION OF ORGANIZATION A_3

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS - Consideration (Details) - Tempo merger - Alight holding $ in Millions	Jul. 02, 2021USD ($)shares
Business Acquisition [Line Items]
Cash consideration | $	$ 1,016
Class A Common Stock and Class A Units
Business Acquisition [Line Items]
Shares issued	226,663,750
Class B-1 common stock and Class B-1 Units
Business Acquisition [Line Items]
Shares issued	7,500,000
Class B-2 common stock and Class B-2 Units
Business Acquisition [Line Items]
Shares issued	7,500,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Class A Common Stock Subject to Possible Redemption (Details) - USD ($)	May 29, 2020	Jun. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Transaction costs	$ 57,949,954
Shares subject to possible redemption		86,437,924	81,055,306
Unrecognized tax benefits		$ 0	$ 0
Unrecognized tax benefits accrued for interest and penalties		$ 0	$ 0
Class A common stock subject to possible redemption
Class of Stock [Line Items]
Shares subject to possible redemption		86,437,924	81,055,306

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Income Taxes (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Deferred tax asset	$ 2,192,000			$ 2,192,000	$ 654,000
Valuation allowance	2,192,000			2,192,000	$ 654,000
Income tax expense	$ 40,294	$ 15,636	$ 15,636	$ 58,365
Effective tax rate (as a percent)				0.02%

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Net Income (Loss) Per Common Share (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Interest Income	$ 24,979	$ 124,456	$ 124,456	$ 161,030
Class A common stock subject to possible redemption
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Interest Income	24,979	124,456	124,456	161,030
Income and Franchise Tax	$ (24,979)	(66,000)	(66,000)	$ (161,030)
Net Income (Loss)		$ 58,456	$ 58,456
Weighted average shares outstanding of common stock	103,500,000	103,500,000	103,500,000	103,500,000
Earnings Per Share, Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Class B common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	$ (24,255,480)	$ (31,017,171)	$ (31,017,171)	$ 53,826,180
Net Income (Loss)	$ (24,255,480)	(30,958,715)	(30,958,715)	$ 53,826,180
Redeemable Net Income		$ (58,456)	$ (58,456)
Weighted average shares outstanding of common stock	25,875,000	25,875,000	25,875,000	25,875,000
Earnings Per Share, Basic and Diluted	$ (0.94)	$ (1.20)	$ (1.20)	$ 2.08
Redeemable warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded since their inclusion would be anti-dilutive				49,633,333

INITIAL PUBLIC OFFERING (Detail

INITIAL PUBLIC OFFERING (Details) - $ / shares	May 29, 2020	Jun. 30, 2020
Subsidiary, Sale of Stock [Line Items]
Number of units issued		103,500,000
Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Number of units issued	103,500,000
Share price per Unit	$ 10
Number of shares in a unit	1
Initial Public Offering | Public Warrants
Subsidiary, Sale of Stock [Line Items]
Number of shares issuable per warrant	1
Exercise price of warrants	$ 11.50
Over-allotment
Subsidiary, Sale of Stock [Line Items]
Number of units issued	13,500,000

PRIVATE PLACEMENT (Details)

PRIVATE PLACEMENT (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2021
Class of Warrant or Right [Line Items]
Number of warrants issued	15,133,133
Aggregate purchase price		$ 22,700,000
Private Placement Warrants
Class of Warrant or Right [Line Items]
Number of warrants issued			15,133,333
Warrant Issue Price			$ 1.50
Aggregate purchase price			$ 22,700,000
Number of shares per warrant			1
Exercise price of warrant			$ 11.50

RELATED PARTY TRANSACTIONS - Fo

RELATED PARTY TRANSACTIONS - Founder Shares (Details)	Jul. 02, 2021	May 26, 2020shares	May 19, 2020shares	May 18, 2020shares	Apr. 30, 2020USD ($)shares	Jun. 30, 2020USD ($)shares	Jun. 30, 2021item$ / sharesshares	Dec. 31, 2020shares
Related Party Transaction [Line Items]
Aggregate purchase price | $						$ 25,000
Conversion basis	1
Class B common stock
Related Party Transaction [Line Items]
Number of shares issued						25,875,000
Aggregate purchase price | $						$ 2,588
Number of shares transferred (in shares)				4,312,500
Common shares, shares outstanding (in shares)							25,875,000	25,875,000
Class B common stock | Sponsor
Related Party Transaction [Line Items]
Number of shares issued					21,562,500
Aggregate purchase price | $					$ 25,000
Number of shares transferred (in shares)			25,000
Number of shares with respect to which stock dividend is effected		4,312,500
Common shares, shares outstanding (in shares)		25,875,000
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination							1 year
Stock price trigger to transfer, assign or sell any shares or warrants of the company, after the completion of the initial business combination (in dollars per share) | $ / shares							$ 12
Threshold trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination | item							20
Threshold consecutive trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination | item							30
Threshold period after the business combination in which the 20 trading days within any 30 trading day period commences							150 days

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional information (Details) - USD ($)	May 29, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	May 20, 2020	Apr. 07, 2020
Related Party Transaction [Line Items]
Repayment of promissory note - related party			$ 250,000
Due to related parties		$ 1,138,058		$ 1,138,058
Sponsor
Related Party Transaction [Line Items]
Due to related parties		1,138,058		1,138,058
Promissory Note with Related Party | Sponsor
Related Party Transaction [Line Items]
Maximum amounts of transaction					$ 300,000	$ 150,000
Repayment of promissory note - related party	$ 250,000
Administrative Services Agreement Member | Sponsor
Related Party Transaction [Line Items]
Expenses per month				5,000
Total expenses incurred		15,000	$ 10,000	30,000
Payment of related party expenses				15,000
Administrative Services Agreement Member | Sponsor | Accrued Liabilities [Member]
Related Party Transaction [Line Items]
Due to related parties		$ 15,000		$ 15,000

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Administrative Services Agreement and Underwriting Agreement (Details) - Underwriting Agreement	May 31, 2021USD ($)$ / shares
Other Commitments [Line Items]
Deferred fee per unit | $ / shares	$ 0.35
Deferred underwriting fee payable | $	$ 36,225,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Forward Purchase Agreement (Details) - Forward Purchase Agreement	1 Months Ended
	May 31, 2020USD ($)$ / sharesshares
Cannae Holdings, Inc and Thl Ftac Llc | Public Warrants
Other Commitments [Line Items]
Number of warrants to be purchased	10,000,000
Number of shares per warrant	1
Exercise price of warrant | $ / shares	$ 11.50
Aggregate purchase price of warrants | $	$ 300,000,000
Number of warrants in a unit	0.33
Cannae Holdings, Inc and Thl Ftac Llc | Class A common stock
Other Commitments [Line Items]
Number of shares to be purchased	30,000,000
Share price per share | $ / shares	$ 10
Cannae Holdings, Inc | Public Warrants
Other Commitments [Line Items]
Number of warrants to be purchased	5,000,000
Number of shares per warrant	1
Exercise price of warrant | $ / shares	$ 11.50
Aggregate purchase price of warrants | $	$ 150,000,000
Cannae Holdings, Inc | Class A common stock
Other Commitments [Line Items]
Number of shares to be purchased	15,000,000
THL FTAC LLC | Public Warrants
Other Commitments [Line Items]
Number of warrants to be purchased	5,000,000
Number of shares per warrant	1
Exercise price of warrant | $ / shares	$ 11.50
Aggregate purchase price of warrants | $	$ 150,000,000
THL FTAC LLC | Class A common stock
Other Commitments [Line Items]
Number of shares to be purchased	15,000,000

STOCKHOLDERS' EQUITY - Preferre

STOCKHOLDERS' EQUITY - Preferred Stock Shares (Details) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
STOCKHOLDERS' EQUITY
Preferred shares, shares authorized	1,000,000	1,000,000
Preferred shares, par value	$ 0.0001	$ 0.0001
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0

STOCKHOLDERS' EQUITY - Common S

STOCKHOLDERS' EQUITY - Common Stock Shares (Details)	6 Months Ended
	Jun. 30, 2021Vote$ / sharesshares	Dec. 31, 2020$ / sharesshares
Class of Stock [Line Items]
Common shares, par value (in dollars per share) | $ / shares	$ 0.0001
Shares subject to possible redemption	86,437,924	81,055,306
Class A common stock
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	400,000,000	400,000,000
Common shares, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Common shares, votes per share | Vote	1
Number of common stock issuable pursuant to Initial Business Combination, as a percent of outstanding shares	1.00%
Class A common stock subject to possible redemption
Class of Stock [Line Items]
Shares subject to possible redemption	86,437,924	81,055,306
Class A common stock not subject to possible redemption
Class of Stock [Line Items]
Common shares, shares issued (in shares)	17,062,076	22,444,694
Common shares, shares outstanding (in shares)	17,062,076	22,444,694
Class B common stock
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	40,000,000	40,000,000
Common shares, par value (in dollars per share) | $ / shares	$ 0.00001	$ 0.00001
Common shares, votes per share | Vote	1
Common shares, shares issued (in shares)	25,875,000	25,875,000
Common shares, shares outstanding (in shares)	25,875,000	25,875,000
Automatic conversion upon business combination ratio percentage	25.00%
Conversion ratio	1

WARRANTS (Details)

WARRANTS (Details)	6 Months Ended
	Jun. 30, 2021item$ / sharesshares	Dec. 31, 2020shares
Public Warrants
Class of Warrant or Right [Line Items]
Warrants outstanding | shares	34,500,000	34,500,000
Public Warrants exercisable term after the completion of a business combination	30 days
Public Warrants exercisable term from the closing of the initial public offering	12 months
Public Warrants expiration term	5 years
Period for filling registration statement after business combination	20 days
Period of time after which warrant holder may do cashless exercise	60 days
Fair market value per share	$ 0.361
Number of trading days on which fair market value of shares is reported | item	10
Public Warrants | Redemption of Warrants When the Price per Share of Class A Common Stock Equals or Exceeds $18.00
Class of Warrant or Right [Line Items]
Stock price trigger for redemption of public warrants (in dollars per share)	$ 18
Redemption price per public warrant (in dollars per share)	$ 0.01
Minimum threshold written notice period for redemption of public warrants	30 days
Trading days for redemption of public warrants | item	20
Consecutive trading days for redemption of public warrants | item	30
Redemption period	30 days
Threshold business days before sending notice of redemption to warrant holders	3 days
Public Warrants | Redemption of Warrants When the Price per Share of Class A Common Stock Equals or Exceeds $10.00
Class of Warrant or Right [Line Items]
Stock price trigger for redemption of public warrants (in dollars per share)	$ 10
Redemption price per public warrant (in dollars per share)	$ 0.10
Minimum threshold written notice period for redemption of public warrants	30 days
Private Placement Warrants
Class of Warrant or Right [Line Items]
Warrants outstanding | shares	15,133,333	15,133,333
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination	30 days

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
FAIR VALUE MEASUREMENTS
Transfers into or out of Level 3	$ 0
Cash held in the Trust Account	1,036,010,297	$ 383
Marketable securities held in the Trust Account	$ 0	$ 1,035,848,884

FAIR VALUE MEASUREMENTS - Gross

FAIR VALUE MEASUREMENTS - Gross holding gains and fair value of held-to-maturity securities (Details) - U.S. Treasury Securities - Fair Value, Recurring - Level 1	Dec. 31, 2020USD ($)
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Amortized Cost	$ 1,035,848,884
Gross Holding Gain	22,518
Fair Value	$ 1,035,871,402

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of fair value hierarchy for liabilities measured at fair value on a recurring basis (Details)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	$ 105,507,333	$ 127,388,332
FPA liability	$ 15,000,822	54,277,110
Private Placement Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Probability for consummation of business combination	100.00%
Level 3 | Private Placement Warrants | Discount for lack of marketability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability, Measurement Input	6
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	$ 105,507,333	127,388,332
FPA liability	15,000,822	54,277,110
Fair Value, Recurring | Public Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	71,760,000	87,285,000
Fair Value, Recurring | Private Placement Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	33,747,333	40,103,332
Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	71,760,000	87,285,000
Fair Value, Recurring | Level 1 | Public Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	71,760,000	87,285,000
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	33,747,333	40,103,332
FPA liability	15,000,822	54,277,110
Fair Value, Recurring | Level 3 | Private Placement Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities	$ 33,747,333	$ 40,103,332

FAIR VALUE MEASUREMENTS - Summa

FAIR VALUE MEASUREMENTS - Summary of the changes in the fair value of the Private Placement Warrants (Details) - Private Placement Warrants - USD ($)		1 Months Ended	3 Months Ended
		Jun. 30, 2020	Jun. 30, 2021	Mar. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, beginning balance		$ 21,489,333	$ 25,272,666	$ 40,103,332
Gain on change in fair value (1)	[1]	3,480,666	8,474,667	(14,830,666)
Fair value, ending balance		$ 24,969,999	$ 33,747,333	$ 25,272,666
[1]	Represents the non-cash (gain) loss on the change in valuation of the Private Placement Warrants and is included in Change in fair value of warrant liability on the unaudited condensed statement of operations

FAIR VALUE MEASUREMENTS - FPA L

FAIR VALUE MEASUREMENTS - FPA Liability (Details) - FPA liability	6 Months Ended
	Jun. 30, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed commitment	$ 300,000,000
Probability for consummation of business combination	100.00%

FAIR VALUE MEASUREMENTS - Sum_2

FAIR VALUE MEASUREMENTS - Summary of the changes in the fair value of the FPA liability (Details) - FPA liability - USD ($)		1 Months Ended	3 Months Ended
		Jun. 30, 2020	Jun. 30, 2021	Mar. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, beginning balance			$ 19,971,312	$ 54,277,110
Gain on change in fair value (1)	[1]	$ 18,909,921	(4,970,490)	(34,305,798)
Fair value, ending balance		$ 18,909,921	$ 15,000,822	$ 19,971,312
[1]	Represents the non-cash (gain) loss on the change in valuation of the liability for the FPAs and is included in Change in fair value of forward purchase liability on the unaudited condensed consolidated statement of operations

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event - FTAC	Jul. 01, 2021USD ($)shares
Cannae
Subsequent Event [Line Items]
Number of shares issued	15,000,000
Number of warrants to purchase shares issued	5,000,000
Shares and warrants issued value | $	$ 150,000,000
THL
Subsequent Event [Line Items]
Number of shares issued	15,000,000
Number of warrants to purchase shares issued	5,000,000
Shares and warrants issued value | $	$ 150,000,000