Alector prices 36.6 million share offering at $2.05, expected gross proceeds of $75.03 million
Alector, Inc. agreed on October 15, 2026 to sell 36,600,000 new shares of common stock at $2.05 per share through underwriters Morgan Stanley and BTIG, with expected gross proceeds of $75,030,000 before underwriting discounts and offering expenses. The offering is expected to close on October 19, 2026, and the company plans to use the net proceeds for general corporate purposes, including research, development and manufacturing. Because the company is issuing new shares, existing shareholders will own a smaller percentage of the company after closing.
Key points
- Pricing: 36,600,000 shares at $2.05 per share, a premium of about 7.3% over the October 15, 2026 closing price
- Expected gross proceeds of $75,030,000 before underwriting discounts and offering expenses
- Expected closing on or about October 19, 2026, subject to customary conditions
- Underwriters are Morgan Stanley & Co. LLC and BTIG, LLC; the offering is made under an effective Form S-3 shelf registration
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.