Allurion Technologies (ALUR) said Friday that it signed a definitive agreement with certain institutional investors for the sale of 1.24 million common shares at $6 per share through a registered direct offering for total proceeds of $7.4 million.
The company said it will also issue to the investors warrants to purchase up to 1.24 million common shares at a strike price of $6 per share, exercisable immediately following shareholder approval.
Allurion expects to close the offering on or about Monday and said proceeds will be used for general working purposes and working capital.
Allurion shares were surging about 187% in recent trading after a trading halt on the New York Stock Exchange Friday morning due to volatility.
Price: 10.61, Change: +6.91, Percent Change: +186.76
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