StocksMediumUpdated•Originally published 16 October 2026•Updated 16 October 2026•
1 min read
Alector Shares Surge 13% After Pricing $75M Public Offering at a Premium
Key Facts
1Alector announced the pricing of an underwritten offering of 36.6 million shares of common stock at $2.05 per share.
2The offering price represents a premium of approximately 7.3% over the closing price on October 15, 2026.
3The company expects gross proceeds of approximately $75 million from the offering before expenses.
Alector announced the pricing of an underwritten public offering of 36.6 million shares of common stock at $2.05 per share. According to a statement via GlobeNewswire, the company expects gross proceeds of approximately $75 million before deducting expenses, with the offering scheduled to close on October 19, 2026.
Shares of Alector surged 13% following the announcement of the offering, which was priced at a 7.3% premium over the previous close. ALEC closed at $1.91 on October 15, 2026, having traded between a low of $1.85 and a high of $1.95 during that session.