Expect near-term downward pressure due to dilution overhang. Monitor actual share sales in subsequent quarterly filings to gauge execution pace. No immediate catalyst to offset the dilutive impact.
Price Chart
Executive Summary
Alector entered into an at-the-market (ATM) equity offering agreement with TD Cowen to sell up to $125M of common stock, representing ~44% of current market cap. The filing signals significant potential dilution, which weighs heavily on existing shareholders.
Key Facts
- ATM facility for up to $125M of common stock via TD Cowen
- Commission up to 3% of gross proceeds
- Proceeds for general corporate purposes (R&D, working capital, etc.)
- Companys market cap is ~$285M, making $125M ~44% dilutive
Financial Impact
$125M potential equity raise, up to ~44% dilution at current price of $2.57
Risk Factors
- Accelerated share sales could depress stock price further
- Proceeds deployment may not generate immediate returns
- Market conditions may limit ability to sell at favorable prices
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-212426 |
| Document: d910893d8k.htm | 0001193125-26-212426 |
| Document: d910893dex51.htm | 0001193125-26-212426 |
| Document: 0001193125-26-212426-index-headers.html | 0001193125-26-212426 |
| Document: 0001193125-26-212426-index.html | 0001193125-26-212426 |
| Document: 0001193125-26-212426.txt | 0001193125-26-212426 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G | $1.82 | awaiting T+60 | — | $2.04 (+11.81%) |
Oct 23, 2026 3d ago | SC 13G | $1.84 | awaiting T+60 | — | $2.04 (+10.84%) |
Oct 16, 2026 10d ago | 424B5 | $1.95 | awaiting T+60 | — | $2.04 (−4.36%) |
Oct 16, 2026 10d ago | 8-K | $1.95 | awaiting T+60 | — | $2.04 (−4.36%) |
Oct 14, 2026 13d ago | 8-K | $1.88 | awaiting T+60 | — | $2.04 (+8.24%) |
Oct 5, 2026 22d ago | 8-K | $1.99 | awaiting T+60 | — | $2.04 (+2.26%) |
Oct 5, 2026 22d ago | Press Release | $1.99 | awaiting T+60 | — | $2.04 (+2.26%) |
Sep 18, 2026 5w ago | SC 13G | $1.93 | awaiting T+60 | — | $2.04 (+5.44%) |
Sep 4, 2026 7w ago | Insider Cluster | $2.47 | awaiting T+60 | — | $2.04 (−17.61%) |
Aug 15, 2026 10w ago | Institutional Cluster | $2.05 | awaiting T+60 | — | $2.04 (−0.73%) |
US Market Status
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