Alight announces 40M share offering of Class A common stock for holders

Alight announced the commencement of an underwritten secondary public offering of up to 40M shares of Alight’s Class A common stock by certain funds affiliated with Blackstone, Jasmine Ventures Pte. Ltd., certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC Ltd., pursuant to a registration statement filed with the SEC. In addition, Alight has entered into a repurchase agreement with certain Selling Stockholders to repurchase an aggregate of $10M of shares of Alight’s Class A common stock from such Selling Stockholders in privately negotiated transactions, concurrently with the closing of the offering. This offering is not conditioned upon the completion of the share repurchase, but the share repurchase is conditioned upon the completion of this offering. J.P. Morgan and BofA Securities are acting as joint lead book-running managers of, and as representatives of the underwriters for, the offering. Additionally, Blackstone Securities Partners L.P. is acting as a co-manager for the offering.