LINCOLNSHIRE, Ill.–(BUSINESS WIRE)–Alight, a leading cloud-based human capital technology and services provider, today announced the pricing of the previously announced underwritten secondary public offering of 20,000,000 shares of Alight’s Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC pursuant to a registration statement filed with the Securities and Exchange Commission, at a public offering price of $7.75 per share. In connection with the offering, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of Alight’s Class A common stock. Subject to customary closing conditions, the offering 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 prospectus-eq_fi@jpmchase.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 usa.prospectus@credit-suisse.com.
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.
About Alight Solutions
Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth and wellbeing decisions for 36 million people and dependents. Our Alight Worklife® platform combines data and analytics with a simple, seamless user experience. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. With personalized, data-driven health, wealth, pay and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout life’s big moments and most important decisions.