Alight, Inc. has effectuated a 1-for-20 reverse stock split of its Class A, Class B, and Class V common stock, effective June 30, 2026. The company also filed amendments to its corporate charter to declassify its Board of Directors and provide for the exculpation of certain officers. The Class A common stock will begin trading on a split-adjusted basis on July 1, 2026.
Key Details
- Reverse Stock Split: A 1-for-20 reverse stock split of all outstanding classes of common stock became effective at 5:00 p.m. ET on June 30, 2026. No fractional shares will be issued; stockholders will receive cash in lieu.
- Trading and CUSIP: The Class A common stock will continue to trade on the NYSE under the symbol "ALIT" but will begin trading on a split-adjusted basis at the market open on July 1, 2026, under the new CUSIP number 01626W 200.
- Charter Amendments: Following stockholder approval on June 10, 2026, the company's charter was amended to declassify the Board of Directors and to eliminate certain officers' personal liability for monetary damages from breaches of the duty of care.