Allurion Technologies (ALUR) Prices $20M Offering at $1.20/sh

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Go back to Allurion Technologies (ALUR) Prices $20M Offering at $1.20/sh

Allurion Announces Pricing of $20 million Public Offering and Concurrent Private Placement

July 1, 2024 4:28 AM EDT

NATICK, Mass.--(BUSINESS WIRE)-- Allurion Technologies, Inc. (NYSE: ALUR) (Allurion or the Company), a company dedicated to ending obesity, today announced the pricing of an underwritten public offering of 14,406,508 shares of its common stock, par value $0.0001 per share (the Shares), and warrants to purchase 14,406,508 Shares (the Warrants and, together with the Shares, the Securities) at a public offering price of $1.20 per share, for total gross proceeds of $17.3 million, before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

Jefferies and TD Cowen are acting as joint book-running managers and representatives of... More