Alight Announces Closing of Secondary Offering

Alight a leading cloud-based human capital technology and services provider announced the closing of the underwritten secondary public offering (the “offering”) of 22,500,000 shares of Alight’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd. and Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”) pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). In connection with the offering, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 3,375,000 additional shares of Alight’s Class A Common Stock. Alight did not sell any shares of Class A Common Stock in the offering and did not receive any proceeds from the offering.

Recommended: HR Tech Interview With Chris Havrilla, Vice President, Product Strategy,Talent At Oracle

In addition, concurrently with the offering, Alight closed the previously announced repurchase from the Selling Stockholders, in privately negotiated transactions, pursuant to a repurchase agreement of an aggregate of 1,253,133 shares of Class A Common Stock at a price equal to the price per share at which the underwriters purchased shares of the Company’s Class A Common Stock from the Selling Stockholders in the offering.

J.P. Morgan, BofA Securities and Morgan Stanley acted as joint lead book-running managers of the offering.

A registration statement relating to these securities has been filed with the SEC on Form S-3 (File No. 333-258350) that was declared effective by the SEC on July 6, 2023. A prospectus supplement and accompanying prospectus relating to and describing the terms of the offering is available on the SEC’s website located Copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website  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,

Recommended HR Technology Article: Poor Work-life Balance and Career Disconnect Force Employees to Leave their Organization

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.

Recommended: HR Tech Interview With Christopher Kenessey, Chief Executive Officer At AlertMedia

[To share your insights with us, please write to]