Alector Inc. (ALEC) Announces Proposed Share Offering

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Go back to Alector Inc. (ALEC) Announces Proposed Share Offering

Alector Announces Proposed Public Offering of Common Stock

January 16, 2024 4:01 PM EST

SOUTH SAN FRANCISCO, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, today announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. In connection with the proposed offering, Alector expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the total number of shares of its common stock offered in the public offering. There can be no assurance as to whether or when... More