Allurion Technologies (ALUR) Announces $2.5M Share Placement, Reports Prelim Q4 Results
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Allurion Announces Private Placement of Common Stock and Preliminary Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2024
January 14, 2025 9:18 AM ESTNATICK, Mass.--(BUSINESS WIRE)-- Allurion Technologies, Inc. (Allurion or the Company) (NYSE: ALUR), a company dedicated to ending obesity, today announced that it has entered into a subscription agreement with funds affiliated with RTW Investments, LP (RTW) for the purchase and sale of 841,751 shares of the Companys common stock in a private placement at a purchase price of $2.97 per share. The private placement is expected to result in gross proceeds of $2.5 million and extend the Companys runway through early 2026. The subscription agreement also includes an option to fund up to an additional $10 million in... More
