Alector Announces Pricing of Underwritten Offering
Alector priced an underwritten offering of 36.6 million shares at $2.05 per share, for expected gross proceeds of approximately $75 million. Notably, the price represents a 7.3% premium to the October 15 close, with participation from new and existing investors including TCGX, BVF Partners, ADAR1 Capital, and Deep Track Capital.
Key figures
- Deal Value Usd
- 75030000
- Offering Price
- 2.05
- Shares Offered
- 36600000
- Premium to prior close
- 7.3%
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