Alpha Teknova Prices $40 Million Public Offering of Shares

03:45 AM EDT, 10/21/2026 (MT Newswires) -- Alpha Teknova (TKNO) has priced an underwritten public offering of 8 million common shares at $5 per share for expected gross proceeds of $40 million, the company said Tuesday. The shares were priced at a 32% discount to the stock's Tuesday closing price. Underwriters have a 30-day option to purchase up to 1.2 million additional shares. The offering is expected to close on or about Thursday, subject to customary conditions. Teknova intends to use the net proceeds for general corporate purposes, including potentially repaying outstanding debt. The company said it may also use some proceeds for acquisitions or investments in complementary businesses, products or technologies.