Galecto prices $275M stock offering

 

* Galecto (GLTO [https://seekingalpha.com/symbol/GLTO]) priced [https://seekingalpha.com/pr/20395145-galecto-announces-pricing-of-275-million-underwritten-public-offering] its previously announced underwritten public offering of ~14.47M shares at a public offering price of $19.00 per share.
* The underwriters have a 30-day option to purchase an additional ~2.17M shares.
* The gross proceeds are expected to be ~$275M.
* The offering is expected to close on or about February 12, 2026.
* The stock price traded 3.8% lower on Tuesday during after market hours of trading.

MORE ON GALECTO

* Galecto appoints former Blueprint Medicines executives as COO and CMO [https://seekingalpha.com/news/4537024-galecto-appoints-former-blueprint-medicines-executives-as-coo-and-cmo]
* Seeking Alpha’s Quant Rating on Galecto [https://seekingalpha.com/symbol/GLTO/ratings/quant-ratings]
* Historical earnings data for Galecto [https://seekingalpha.com/symbol/GLTO/earnings]
* Financial information for Galecto [https://seekingalpha.com/symbol/GLTO/income-statement]