Alector Prices $75 Million Share Offering; Stock Rises 6%
Alector priced an underwritten offering of 36.6 million common shares at $2.05 each. Its shares rose 6% to $2.03 in morning trading.
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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 Prices $75.03 Million Stock Offering at $2.05 a Share
Alector priced an underwritten offering of 36,600,000 shares of common stock at $2.05 per share. Expected gross proceeds total $75.03 million before underwriting discounts, commissions and offering expenses. The offering price represents a premium of approximately 7.3% to the October 15, 2026, closing price. Closing is