Alector Files 8-K on Material Agreement; Details Undisclosed

TL;DR

**Alector filed an 8-K about a material agreement, but didn't say what it is.**

AI Summary

Alector, Inc. filed an 8-K on January 19, 2024, reporting an event that occurred on January 17, 2024, related to an "Entry into a Material Definitive Agreement" and "Other Events." While the filing confirms Alector's status as a publicly traded company on The Nasdaq Stock Market LLC under the ticker ALEC, it does not disclose the specific details of the material agreement or other events. This lack of detail means investors are currently in the dark about the nature and potential impact of this significant agreement, which could affect the company's future operations, financial health, or strategic direction.

Why It Matters

This filing signals a potentially significant business development for Alector, Inc., but the absence of specific details leaves investors guessing about its implications for the company's future value and operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement without providing details, creating uncertainty and potential risk for investors.

Analyst Insight

A smart investor would monitor Alector, Inc. closely for a subsequent filing or press release that provides the crucial details of the material definitive agreement and other events, as this information is essential for assessing the company's future prospects and making informed investment decisions.

Key Players & Entities

• Alector, Inc. (company) — the registrant filing the 8-K
• The Nasdaq Stock Market LLC (company) — the exchange where Alector's common stock is registered
• ALEC (company) — Alector, Inc.'s trading symbol
• January 17, 2024 (date) — date of the earliest event reported
• January 19, 2024 (date) — date the 8-K was filed

FAQ

Key Financial Figures

• $0.0001 — f the Company's common stock, par value $0.0001 per share, at a price per share of $6.5
• $6.57 — 0001 per share, at a price per share of $6.57 to be paid by the Underwriter (the "Und
• $75 million — fering are expected to be approximately $75 million before deducting underwriting discounts

Filing Documents

• d100554d8k.htm (8-K) — 32KB
• d100554dex11.htm (EX-1.1) — 178KB
• d100554dex51.htm (EX-5.1) — 8KB
• d100554dex991.htm (EX-99.1) — 9KB
• g100554g0117173553685.jpg (GRAPHIC) — 2KB
• g100554g86o17.jpg (GRAPHIC) — 4KB
• 0001193125-24-010647.txt ( ) — 410KB
• alec-20240117.xsd (EX-101.SCH) — 3KB
• alec-20240117_lab.xml (EX-101.LAB) — 18KB
• alec-20240117_pre.xml (EX-101.PRE) — 11KB
• d100554d8k_htm.xml (XML) — 3KB

01

Item 1.01 Entry into a Material Definitive Agreement. On January 17, 2024, Alector, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Cantor Fitzgerald & Co. (the "Underwriter"), relating to the issuance and sale (the "Offering") of 10,869,566 shares of the Company's common stock, par value $0.0001 per share, at a price per share of $6.57 to be paid by the Underwriter (the "Underwritten Shares"). The Company also granted the Underwriter an option exercisable for 30 days from the date of the Underwriting Agreement to purchase up to an additional 1,630,434 shares of common stock (together with the Underwritten Shares, the "Shares"). All of the Shares in the Offering are being sold by the Company. The gross proceeds from the Offering are expected to be approximately $75 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company and assuming no exercise of the Underwriter's option to purchase additional shares. The Offering is expected to close on January 19, 2024, subject to the satisfaction of customary closing conditions. The Underwriting Agreement contains customary representations, warranties, and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriter, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties, and termination provisions. The representations, warranties, and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by such parties. The Offering is being made pursuant to the Company's effective registration statement on Form S-3 (File No. 333-270126) (the "Registration Statement"), which was declared effective by the Securities and Exchange Commission (the

01

Item 8.01 Other Events. A copy of the press release announcing the pricing of the Offering is attached to this Current Report on Form 8-K as Exhibit 99.1.

Forward-Looking Statements

Forward-Looking Statements Certain of the statements made in this report are forward looking, such as those, among others, relating to the Company's expectations regarding the timing and completion of the Offering and expected gross proceeds from the Offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include risks and uncertainties related to completion of the Offering on the anticipated terms or at all, market conditions, and the satisfaction of customary closing conditions related to the Offering. More information about the risks and uncertainties faced by the Company is contained under the caption "Risk Factors" in the Company's filings with the Commission, including the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other documents the Company files with the Commission from time to time. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Underwriting Agreement, dated January 17, 2024, by and between Alector, Inc. and Cantor Fitzgerald & Co. 5.1 Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation 23.1 Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (included with the opinion filed as Exhibit 5.1) 99.1 Press Release, dated January 17, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ALECTOR, INC. Date: January 19, 2024 By: /s/ Arnon Rosenthal Arnon Rosenthal, Ph.D. Co-founder and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR