Alector signs $125M ATM equity sales agreement with TD Cowen

Alector, Inc.

Up to $125 million of common stock may be sold from time to time in at-the-market transactions.
TD Cowen will receive up to 3.0% of gross proceeds as compensation.
Proceeds for general corporate purposes, including R&D, working capital, and possible acquisitions.
Sales under existing effective shelf registration statement (Form S-3) filed May 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alector, Inc. entered into Sales Agreement with Cowen and Company, LLC valued at up to $125,000,000 (effective 2023-11-07).

Action: entry
Agreement: atm program
Counterparty: Cowen and Company, LLC
Value: up to $125,000,000
Effective: 2023-11-07

Exact text from the filing

On November 7, 2023, Alector, Inc. (the “ Company ”) entered into a Sales Agreement (the “ Sales Agreement ”) with Cowen and Company, LLC (“ TD Cowen ”), pursuant to which the Company may offer and sell from time to time through TD Cowen up to $125,000,000 of shares

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Alector, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-272546

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