BackSummary
Alector entered into a Sales Agreement with TD Cowen to sell up to $125M of common stock in at-the-market offerings for general corporate purposes.
Key takeaways
- Alector may sell up to $125M of common stock through TD Cowen in at-the-market offerings.
- TD Cowen will receive up to 3.0% commission on gross sales price per share.
- Proceeds will fund research, development, manufacturing, working capital, and potential acquisitions.
- The Sales Agreement can be terminated by either party with 10 days' notice.
- Shares are offered under an effective shelf registration statement filed April 30, 2026.