# Alector Signs Underwriting Agreement for $75 Million Stock Offering

- URL: https://stocks.freetheai.org/news/alector-signs-underwriting-agreement-for-75-million-stock-offering-a53aef
- Published: 2026-10-16T20:53:00Z
- Category: company_news; sentiment: bearish; impact: medium
- Symbols: [NASDAQ:ALEC](https://stocks.freetheai.org/symbols/NASDAQ-ALEC)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Alector, Inc. (ALEC) has entered into an underwriting agreement with Morgan Stanley and BTIG to sell 36,600,000 shares of common stock in a public offering. The shares are priced at $2.05 each, with expected gross proceeds reaching approximately $75.03 million before deducting underwriting discounts and expenses.

The transaction allows the company to secure $75 million in equity capital using an effective shelf registration. Following the news, shares of Alector, Inc. fell 3.66% to trade at $1.84.

The underwriting agreement became effective on October 15, 2026. The offering is slated to close on October 19, 2026, subject to standard closing conditions.

## Key points

- Alector, Inc. agreed to sell 36.6 million common shares at $2.05 per share.
- Gross proceeds from the offering are expected to total about $75.03 million.
- Morgan Stanley and BTIG are acting as underwriters for the transaction.
- The offering is scheduled to close on October 19, 2026.
- Alector shares fell 3.66% to $1.84 following the announcement.

## Questions and answers

### How many shares is Alector selling in its offering?

Alector, Inc. is selling 36.6 million shares of common stock at $2.05 per share.

### How much capital is Alector raising?

The offering is expected to generate approximately $75.03 million in gross proceeds before fees.

### When will the stock offering close?

The transaction is expected to close on October 19, 2026, subject to customary conditions.