SC 13D/A 1 brhc10044284_sc13da.htm SC 13D/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)

Alight, Inc.

(Name of Issuer)
 
Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

 0001844744

(CUSIP Number)

Turner Herbert, 211 Corniche, PO Box 3600, Abu Dhabi, United Arab Emirates. +971 2 4150000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 17, 2022

(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box☐.
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
*       The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

CUSIP No. 0001844744
13D/A
 Page 2 of 10
 
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Abu Dhabi Investment Authority
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 

 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
The Emirate of Abu Dhabi, United Arab Emirates
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
29,955,499
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
29,955,499
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
29,955,499
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 

 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
6.5% (1)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO (2)
 
 
 
 

(1)
Based on a total of 464,365,807 shares of Class A Common Stock (as defined below) of the Company (as defined below) outstanding, as reported in the Prospectus Supplement dated November 14, 2022 to the Prospectus dated April 20, 2022 with respect to the Public Offering (as defined below), filed by the Company with the Securities and Exchange Commission (the “SEC”).

(2)
Abu Dhabi Investment Authority (“ADIA”) is a public institution established in 1976 by the Government of the Emirate of Abu Dhabi as an independent investment institution. ADIA is wholly owned and subject to constitutional supervision by the Government of the Emirate of Abu Dhabi. ADIA has an independent legal identity with full capacity to act in fulfilling its statutory mandate and objectives. Platinum Falcon (as defined below) is an indirect wholly owned subsidiary of ADIA. Pursuant to the rules and regulations of the SEC, ADIA may be deemed to be the beneficial owner of the shares of Class A Common Stock directly held by Platinum Falcon.


CUSIP No. 0001844744
13D/A
 Page 3 of 10

1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Platinum Falcon B 2018 RSC Limited
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)

(b)
 
 
3
SEC USE ONLY
 
 

 
 
 
 
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
 

 
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
 
0
 
 
 
 
8
SHARED VOTING POWER
 
 
29,955,499
 
 
 
 
9
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
10
SHARED DISPOSITIVE POWER
 
 
29,955,499
 
 
 
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
29,955,499
 
 
 
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 

 
 
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
6.5% (2)
 
 
 
 
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 

(1)
Platinum Falcon B 2018 RSC Limited (“Platinum Falcon”) is the direct owner of 29,955,499 shares of Class A Common Stock reported herein.
(2)
Based on a total of 464,365,807 shares of Class A Common Stock of the Company outstanding, as reported in the Prospectus Supplement dated November 14, 2022 to the Prospectus dated April 20, 2022 with respect to the Public Offering, filed by the Company with the SEC.


CUSIP No. 0001844744
13D/A
 Page 4 of 10

Amendment No. 1 to Schedule 13D
 
This Amendment No. 1 (this “First Amendment”) to Schedule 13D amends and supplements the Schedule 13D originally filed by the Reporting Persons (as defined below) on July 12, 2021 (the “Statement”) with respect to Class A common stock, par value $0.0001 (the “Class A Common Stock”) of Alight, Inc. (the “Issuer” or the “Company”), whose principal executive offices are located at 4 Overlook Point, Lincolnshire, Illinois 60069. Except as specifically provided herein, this First Amendment does not modify any of the information previously reported in the Statement. Unless otherwise indicated, capitalized terms used but not defined in this First Amendment have the meanings ascribed to such terms in the Statement.
 
Item 2. Identity and Background
 
Schedules 1 and 2 of the Statement are hereby amended by deleting the previous responses in their entirety and replacing them with Schedules 1 and 2, respectively, of this First Amendment.
 
Item 4. Purpose of Transaction.
 
The response set forth in Item 4 of the Statement is hereby amended by supplementing the previous response with the following:
 
Underwriting Agreement
 
On November 14, 2022, in connection with the public offering of the shares of Class A Common Stock (the “Public Offering”), an underwriting agreement was entered into by and among the Issuer, Alight Holding Company, LLC, J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, the other underwriters named therein (collectively the “Underwriters”), Platinum Falcon and the other selling stockholders named therein (the “Underwriting Agreement”), pursuant to which Platinum Falcon sold, on November 17, 2022, 3,251,922 shares of Class A Common Stock to the Underwriters at a price of $7.46 per share of Class A Common Stock in accordance with the terms and conditions of the Underwriting Agreement. Pursuant to the Underwriting Agreement, Platinum Falcon granted the Underwriters an option to purchase additional 487,788  shares of Class A Common Stock (the “Option Shares”) at a price of $7.46 per share of Class A Common Stock (i) at any time before the closing date of the Public Offering and (ii) at any time, from time to time thereafter within 30 days after the date of the Underwriting Agreement. The Underwriters exercised their option to purchase the Option Shares, and Platinum Falcon sold the Option Shares to the Underwrites on November 17, 2022.
 
Lock-up Agreement
 
In connection with the Public Offering, pursuant to the Underwriting Agreement, on November 14, 2022, Platinum Falcon executed a lock-up agreement (the “Lock-up Agreement”), pursuant to which and subject to specified exceptions, it agreed for a period starting on the date of the Lock-up Agreement and continuing until, and including, the date that is 75 days after the date of the final prospectus relating to the Public Offering, not to, without the prior written consent of the Representatives (as defined in the Lock-up Agreement), among other matters, directly or indirectly, (i) offer, sell, pledge, contract to sell (including any short sale), grant any option to purchase or otherwise dispose of any shares of Class A Common Stock or enter into any Hedging Transaction (as defined in the Lock-up Agreement) relating to the Class A Common Stock (each of the foregoing referred to as a “Disposition”), or (ii) publicly announce the intention to make such a Disposition.
 

CUSIP No. 0001844744
13D/A
 Page 5 of 10

The foregoing summary of the Lock-up Agreement is not intended to be complete, and is qualified in entirety by reference to the full text of the Lock-up Agreement, a copy of which is included as Exhibit 99.4 and which is incorporated herein by reference.
 
Item 5. Interest in Securities of the Issuer.
 
The responses set forth in Items 5(a)-5(c) of the Statement are hereby amended by deleting the previous responses in their entirety and replacing them with the following:
 
(a) Platinum Falcon is the direct beneficial owner of 29,955,499 shares of Class A Common Stock, representing 6.5% of the shares of Class A Common Stock outstanding.
 
Platinum Falcon is the direct owner of 1,088,850 unvested shares of non-voting Class B-1 common stock of the Issuer. The non-voting Class B-1 common stock will vest and convert into shares of Class A Common Stock on a one-for-one basis if the volume-weighted average price (“VWAP”) of the Class A Common Stock equals or exceeds $12.50 per share for 20 or more trading days within a consecutive 30-trading day period (or in the event of a change of control or liquidation event that implies a $12.50 per share valuation). As the vesting of non-voting Class B-1 common stock is dependent on company performance criteria not within the control of Platinum Falcon, Platinum Falcon does not beneficially own any Class A Common Stock by virtue of its ownership of the non-voting Class B-1 common stock.
 
Platinum Falcon is the direct owner of 1,088,850 unvested shares of non-voting Class B-2 common stock of the Issuer. The non-voting Class B-2 common stock will vest and convert into shares of Class A Common Stock on a one-for-one basis if the VWAP of the Class A Common Stock equals or exceeds $15.00 per share for 20 or more trading days within a consecutive 30-trading day period (or in the event of a change of control or liquidation event that implies a $15.00 per share valuation). As the vesting of non-voting Class B-2 common stock is dependent on company performance criteria not within the control of Platinum Falcon, Platinum Falcon does not beneficially own any Class A Common Stock by virtue of its ownership of the non-voting Class B-2 common stock.
 
Platinum Falcon is the direct owner of (i) 1,203,710 unvested shares of Class Z-A common stock of the Issuer; (ii) 65,442 unvested  shares of Class Z-B-1 common stock of the Issuer; and (iii) 65,442 unvested shares of Class Z-B-2 common stock of the Issuer (together with the Class Z-A Common Stock and the Class Z-B-1 Common Stock, the “Class Z Common Stock”). The Class Z Common Stock is unvested, non-economic and non-voting and is intended to allow for the re-allocation of the consideration paid to the holders of unvested management equity in Tempo Holding to the other pre-closing equity holders of Tempo Holding in the event such equity is forfeited under the terms of the applicable award agreement and will only vest in connection with any such forfeiture. Upon vesting, the shares of Class Z-A common stock, Class Z-B-1 common stock and Class Z-B-2 common stock will convert, on a one-for-one basis, into shares of Class A Common Stock, Class B-1 common stock and Class B-2 common stock, respectively; provided, however, that if at the time of such conversion into Class B-1 common stock or Class B-2 common stock, the Class B-1 common stock and the Class B-2 common stock are to vest and convert into Class A Common Stock, then the shares of Class Z-B-1 common stock and Class Z-B-2 common stock shall convert directly into shares of Class A Common Stock on a one-for-one basis. As the vesting of Class Z Common Stock is dependent on events outside the control of Platinum Falcon, Platinum Falcon does not beneficially own any Class A Common Stock by virtue of its ownership of the Class Z Common Stock.
 
ADIA is the indirect beneficial owner of 29,955,499  shares of Class A Common Stock mentioned above, representing 6.5% of the shares of Class A Common Stock outstanding, by virtue of ADIA’s 100% indirect ownership of Platinum Falcon.
 

CUSIP No. 0001844744
13D/A
 Page 6 of 10

 (b) Platinum Falcon has the power to vote or to direct the vote or dispose or direct the disposition of 29,955,499 shares of Class A Common Stock, representing 6.5% of the Issuer, which it shares with ADIA by virtue of ADIA’s indirect beneficial ownership of Platinum Falcon, and with the Issuer pursuant to the Investor Rights Agreement (as defined under Item 6 below), as described in more detail under Item 6, which description is hereby incorporated herein by reference.
 
ADIA has the power to vote or to direct the vote or dispose or direct the disposition of 29,955,499 shares of Class A Common Stock, representing 6.5% of the Issuer, which it shares with Platinum Falcon by virtue of ADIA’s indirect beneficial ownership of Platinum Falcon, and with the Issuer pursuant to the Investor Rights Agreement.
 
The calculation of the beneficial ownership information set forth in Item 5(a) and 5(b) is based on a total of 464,365,807 shares of Class A Common Stock of the Company, as reported in the Prospectus Supplement dated November 14, 2022 to the Prospectus dated April 20, 2022 with respect to the Public Offering, filed by the Company with the SEC.
 
(c) On November 17, 2022, Platinum Falcon sold 3,251,922 shares of Class A Common Stock to the Underwriters at a price of $7.46 per share of Class A Common Stock pursuant to the terms and conditions of the Underwriting Agreement. The Underwriters exercised their option to purchase the Option Shares at a price of $7.46 per share of Class A Common Stock, and Platinum Falcon sold the Option Shares to the Underwriters on November 17, 2022. Except as disclosed in the immediately preceding sentence, to the knowledge of the Reporting Persons, none of the persons named in Item 2 has effected any transaction in the securities of the Issuer during the past 60 days.
 
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to Securities of the Issuer.
 
The response set forth in Item 6 of the Statement is hereby amended by adding the following disclosure after the paragraph with the header “Aon Deferred Consideration Agreements”.
 
The information set forth in Item 4 of this First Amendment is incorporated by reference in its entirety into this Item 6.
 

CUSIP No. 0001844744
13D/A
 Page 7 of 10
 
Item 7. Material to be Filed as Exhibits
 

EXHIBIT INDEX
 
 Exhibit
Number
Description
   
Joint Filing Agreement, dated July 12, 2021, between the Abu Dhabi Investment Authority and Platinum Falcon B 2018 RSC Limited.
Investor Rights Agreement.
Registration Rights Agreement.
Lock-up Agreement, dated November 14, 2022, executed by Platinum Falcon B 2018 RSC Limited.
   
*
Previously filed as an Exhibit to the Schedule 13D filed with the SEC on July 12, 2021.


CUSIP No. 0001844744
13D/A
 Page 8 of 10
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
ABU DHABI INVESTMENT AUTHORITY
 
   
/s/ Hamad Shahwan AlDhaheri
 
   
By: Hamad Shahwan AlDhaheri
 
   
Title: Authorized Signatory
 
   
/s/ Saif Surour AlMashghouni
 
   
By: Saif Surour AlMashghouni
 
   
Title: Authorized Signatory
 
   
PLATINUM FALCON B 2018 RSC LIMITED
 
   
/s/ Sultan Ahmed Al Junaibi
 
   
By: Sultan Ahmed Al Junaibi
 
   
Title: Authorized Signatory
 
   
/s/ Ahmed Salem AlNeyadi
 
   
By: Ahmed Salem AlNeyadi
 
   
Title: Authorized Signatory
 


CUSIP No. 0001844744
13D/A
 Page 9 of 10
 
SCHEDULE 1

Schedule 1 sets forth the Managing Director and the members of the Investment Committee of ADIA.

Name
Business Address
Present Principal Occupation
Citizenship
H.H. Sheikh Hamed bin Zayed Al Nahyan
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Managing Director and Investment Committee Member
United Arab Emirates
H.H. Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
H.E. Khalil Mohammed Sharif Foulathi
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
Majed Salem Khalifa Rashed Alromaithi
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
Khalifa Matar Khalifa Saif Almheiri
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
Hamad Shahwan Surour Shahwan Aldhaheri
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
Juma Khamis Mugheer Jaber Alkhyeli
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
Mohamed Rashid Mohamed Obaid Al Mheiri
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
Dhaen Mohamed Al Hameli
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates
Nasser Shotait Al Ketbi
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Investment Committee Member
United Arab Emirates


CUSIP No. 0001844744
13D/A
 Page 10 of 10

SCHEDULE 2

Schedule 2 sets forth the executive officers and the members of the board of directors of Platinum Falcon B 2018 RSC Limited.

Name
Business Address
Present Principal Occupation
Citizenship
Sultan Ahmed Abdulla Alawi Al Junaibi
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates
Mubarak Awad Qanazel Khniban AlAmeri
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates
Hamad Shahwan Surour Shahwan AlDhaheri
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates
 Saif Surour Omair Maaded
AlMashghouni
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates
 Mohamed Fahed Mohamed Abdulla AlMazrouei
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates
Mohamed Hamad Sari Ahmed AlMazrouei
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates
Ahmed Salem Abdulla Melaih AlNeyadi
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates
Rawdha Abdulrahman Abdulla Sultan AlRumaithi
211 Corniche, PO Box 3600, Abu Dhabi, UAE
Director
United Arab Emirates