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Alight Announces Secondary Offering

Alight, Inc., a leading cloud-based human capital technology and services provider, today announced the commencement of an underwritten secondary public offering of up to 22,500,000 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. (collectively, the “Selling Stockholders”) and pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). In connection with the offering, the Selling Stockholders intend to grant to the underwriters a 30-day option to purchase up to 3,375,000 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 August 22, 2023. 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 $10 million 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.

The underwriters propose to offer the shares of common stock from time to time for sale in one or more transactions on the NYSE, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prin nces or at negotiated prices.