Alight announces pricing of secondary offering

Lincolnshire, ill.--( business wire )--alight, inc. (“alight”) (nyse: alit), 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 ltd. (collectively, the “selling stockholders”) pursuant to a registration statement filed with the securities and exchange commission (the “sec”), 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.
ALIT Ratings Summary
ALIT Quant Ranking