Alector enters $125M ATM equity facility with TD Cowen

Alector, Inc.

May sell up to $125M of common stock from time to time through TD Cowen in at-the-market offerings.
TD Cowen will receive up to 3.0% of gross proceeds per share sold; no minimum sales obligation.
Proceeds intended for general corporate purposes, including R&D, manufacturing, and working capital.
Offered under effective shelf registration statement S-3 (File 333-294241) declared effective April 30, 2026.
Company may terminate agreement with 10 days' notice; contains standard representations and indemnities.

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 TD Securities (USA) LLC valued at up to $125,000,000 (effective 2026-05-07).

Action: entry
Agreement: atm program
Counterparty: TD Securities (USA) LLC
Value: up to $125,000,000
Effective: 2026-05-07

Exact text from the filing

On May 7, 2026, Alector, Inc. (the “ Company ”) entered into a Sales Agreement (the “ Sales Agreement ”) with TD Securities (USA) 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 0001193125-26-212426

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