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An alignment clamp sub-assembly (402) for connecting and aligning a pair of formwork panels (200) with each other is disclosed. The alignment clamp sub-assembly (402) includes a base component (502) to be disposed on a joint between a first formwork panel (200-1) and a second formwork panel (200-2). The base component (502) includes a first slot (504) formed on atop surface, and a second slot (508) formed on a front surface and adapted to receive a tie rod (406) in a lateral direction. The alignment clamp sub-assembly (402) includes a wedge (512) adapted to be received in a vertical direction in the first slot (504). The wedge (512) is inserted to lock the base component (502) on the joint and form the second slot (508) for receiving the tie rod (406).