ALIT - Alight announces secondary offering of 40M shares by selling stockholders

• Alight ( NYSE: ALIT ) said Wednesday it commenced an underwritten secondary public offering of up to 40 million class A shares by selling stockholders.
• The selling stockholders in the offering include certain funds affiliated with Blackstone, Jasmine Ventures, certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC Ltd.
• The selling stockholders intend to grant to the underwriters a 30-day option to purchase up to 6 million additional shares.
• Alight is not selling any shares of class A common stock in the offering and will not receive any proceeds from the offering.
• Additionally, Alight entered into a repurchase agreement with certain selling stockholders to repurchase about $10.0 million of shares of the company's class A common stock in privately negotiated transactions, concurrently with the closing of the offering.
• The secondary 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 and as representatives of the underwriters for the offering.
• Blackstone Securities Partners L.P. is acting as a co-manager for the offering.
• Press Release .

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