Alector Files 8-K on Material Agreement; Details Undisclosed

Ticker: ALEC · Form: 8-K · Filed: 2024-01-19T00:00:00.000Z

Sentiment: mixed

Topics: material-agreement, corporate-event, disclosure

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

FAQ

What is the specific nature of the "Material Definitive Agreement" mentioned in the 8-K filing?

The 8-K filing from Alector, Inc. on January 19, 2024, mentions an "Entry into a Material Definitive Agreement" but does not provide any specific details about the nature, terms, or parties involved in this agreement.

What are the "Other Events" that Alector, Inc. reported in this 8-K filing?

The filing lists "Other Events" under Item 8.01, but similar to the material agreement, it does not disclose any specific information about what these events entail or their potential impact on Alector, Inc.

When did the earliest event reported in this 8-K filing occur?

The earliest event reported in this 8-K filing occurred on January 17, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.

On which stock exchange is Alector, Inc.'s Common Stock traded, and what is its trading symbol?

Alector, Inc.'s Common Stock is registered on The Nasdaq Stock Market LLC, and its trading symbol is ALEC, as indicated in the 'Securities registered pursuant to Section 12(b) of the Act' section.

What is Alector, Inc.'s business address and phone number?

Alector, Inc.'s business address is 131 Oyster Point Blvd., Suite 600, South San Francisco, California, 94080, and its telephone number is (415) 231-5660, according to the filing's business address information.

From the Filing

0001193125-24-010647.txt : 20240119 0001193125-24-010647.hdr.sgml : 20240119 20240119060931 ACCESSION NUMBER: 0001193125-24-010647 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240117 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240119 DATE AS OF CHANGE: 20240119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Alector, Inc. CENTRAL INDEX KEY: 0001653087 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 822933343 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38792 FILM NUMBER: 24543659 BUSINESS ADDRESS: STREET 1: 131 OYSTER POINT BLVD., SUITE 600 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: 415-231-5660 MAIL ADDRESS: STREET 1: 131 OYSTER POINT BLVD., SUITE 600 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 FORMER COMPANY: FORMER CONFORMED NAME: Alector LLC DATE OF NAME CHANGE: 20150915 8-K 1 d100554d8k.htm 8-K 8-K false 0001653087 0001653087 2024-01-17 2024-01-17     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 17, 2024     Alector, Inc. (Exact name of Registrant as Specified in Its Charter)       Delaware   001-38792   82-2933343 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   131 Oyster Point Blvd. Suite 600   South San Francisco , California     94080 (Address of Principal Executive Offices)     (Zip Code) Registrant’s Telephone Number, Including Area Code: (415) 231-5660 (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   ALEC   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       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 Underwr

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