Alector Prices 36.6 Million-Share Offering at $2.05
Alector priced an underwritten offering of 36.6 million shares at $2.05 per share, with expected gross proceeds of $75.03 million. The offering price is about 7.3% above the Oct. 15 close; closing is expected Oct. 19, subject to customary conditions.
Alector priced an underwritten offering of 36600000 shares at $2.05 per share, approximately a 7.3% premium to the Oct. 15 closing price. The company expects gross proceeds of $75.03M. The offering is expected to close Oct.
19, subject to customary conditions.