Alight announced the commencement of an underwritten secondary public offering of up to 22.5M shares of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., Platinum Falcon B 2018 RSC Ltd. Alight is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering. In addition, Alight has entered into a repurchase agreement with the 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, BofA Securities and Morgan Stanley are acting as joint lead book-running managers of, and as representatives of the underwriters for, the offering.
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