Alight $180 million block trade
The stock is listed on the NYSE
Davis Polk advised the underwriters in connection with an SEC-registered offering of 22,500,000 shares of Class A common stock of Alight, Inc. by certain selling stockholders, resulting in gross proceeds to the selling stockholders of approximately $180 million. The Class A common stock is listed on the New York Stock Exchange under the symbol “ALIT.”
Alight is a leading cloud-based provider of integrated digital human capital and business solutions. The Alight Worklife employee engagement platform provides a seamless customer experience by combining content, plus artificial intelligence and data analytics to enable Alight’s business process as a service model. Alight became a publicly traded company in 2021 through a de-SPAC business combination with Foley Trasimene Acquisition Corp.
The Davis Polk capital markets team included partner Derek Dostal, counsel Joseph S. Payne and associate Xi (Brooke) Zheng. Partner Pritesh P. Shah and associates S. Dream Montgomery and Alexis N. Wallace provided intellectual property advice. Partner Patrick E. Sigmon and associate Ted Lee provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.