Alector prices $75.03 million stock offering at $2.05 a share
ALEC•Alector priced an underwritten offering of 36.6 million shares at $2.05 each, expecting gross proceeds of $75.03 million before expenses. The offering is expected to close on or about October 19, 2026.
1. Offering details
Alector priced an underwritten offering of 36,600,000 shares of common stock at $2.05 per share. Expected gross proceeds are $75.03 million before underwriting discounts, commissions and offering expenses; the price is approximately 7.3% above the October 15, 2026, closing price.
2. Use of proceeds
Closing is expected on or about October 19, 2026, subject to customary conditions. Alector intends to use net proceeds for general corporate purposes, including product development, working capital and potential strategic transactions.
