Alector prices $75M public offering of ~10.9M shares at $6.57 per share

Alector, Inc.

Priced 10.9M shares at $6.57; gross proceeds ~$75M before discounts and expenses.
Underwriter (Cantor Fitzgerald) has 30-day option to buy up to 1.63M additional shares.
Offering expected to close Jan 19, 2024, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Alector, Inc. entered into Underwriting Agreement with Cantor Fitzgerald & Co. valued at Issuance and sale of 10,869,566 shares of common stock at $6.57 per share, gross proceeds approximat (effective 2024-01-17).

Action: entry
Agreement: underwriting
Counterparty: Cantor Fitzgerald & Co.
Value: Issuance and sale of 10,869,566 shares of common stock at $6.57 per share, gross proceeds approximat
Effective: 2024-01-17

Exact text from the filing

On January 17, 2024, Alector, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Cantor Fitzgerald & Co. (the "Underwriter"), relating to the issuance and sale (the "Offering") of 10,869,566 shares of the Company's common stock, par value $0.0001 per share, at a price per share of $6.57 to be paid by the Underwriter (the "Underwritten Shares").

View on SEC.gov

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Alector, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-010647

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