Alight Filed Prospectus Related To Offer And Sale Of Up To 240,392,110 Shares Of Class A Common Stock, From Time To Time, By Selling Holders
Portfolio Pulse from Charles Gross
Alight has filed a prospectus related to the offer and sale of up to 240,392,110 shares of Class A common stock, from time to time, by selling holders.
July 07, 2023 | 8:57 pm
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Alight's filing of a prospectus for the sale of up to 240,392,110 shares of Class A common stock could potentially dilute the value of existing shares, impacting the stock price.
The sale of a large number of shares can often lead to dilution of the value of existing shares. This is because the earnings per share (EPS) may decrease as the number of shares increases, which can lead to a decrease in the stock price. Therefore, this news could potentially have a negative impact on Alight's stock price in the short term.
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