Alight, Inc. ("Alight") (NYSE:ALIT), a leading cloud-based human capital technology and services provider, today announced that the underwriters of its previously announced secondary public offering have fully exercised their option to purchase an additional 3,000,000 shares of Alight's Class A common stock (the "Over-Allotment Option") at a public price of $7.75 per share from certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC Ltd. (collectively, the "Selling Stockholders"). After giving effect to the full exercise of the Over-Allotment Option, the total number of shares sold by the Selling Stockholders in the secondary offering increased to 23,000,000 shares. Subject to customary closing conditions, the offering (including the shares to be sold pursuant to the Over-Allotment Option) is expected to settle and close on or about November 17, 2022. Alight is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering.
J.P. Morgan and Credit Suisse are acting as joint lead book-running managers of, and as representatives of the underwriters for, the offering. Additionally, BofA Securities, Morgan Stanley, D.A. Davidson & Co. and KeyBanc Capital Markets are acting as joint book-running managers and Blackstone Securities Partners L.P., Needham & Company, Wedbush Securities, BMO Capital Markets, Santander, Loop Capital Markets, Bancroft Capital, Independence Point Securities LLC, Rice Financial Products Company and Stern are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with the SEC on Form S-1 (File No. 333-258350) that was declared effective by the SEC on April 20, 2022. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering is available on the SEC's website located at www.sec.gov. A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Alight, any underwriter, or any dealer participating in the offering will arrange to send these documents if contacted at: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or telephone: 1-866-803-9204 or by email at email@example.com; or Credit Suisse Securities (USA) LLC by mail: Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, United States, or by telephone: 1-800-221-1037 or by e-mail at firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.