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Update: Alector Prices $75 Million Stock Offering

Update: Alector Prices $75 Million Stock Offering

MT newswireMT newswire2026/10/16 12:09
08:09 AM EDT, 10/16/2026 (MT Newswires) -- (Updates with pricing details in the first paragraph and latest stock move in fourth paragraph) Alector (ALEC) said Friday it priced an offering of 36.6 million shares at $2.05 per share, equal to a 7.3% premium relative to the stock's Thursday closing price. The biotechnology company expects $75 million in gross proceeds, which it plans to use for general corporate purposes, including product development, working capital and potential transactions. The offering is expected to close on or about Monday, it added. Alector shares were up 3.7% in premarket activity.
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