Galecto Announces Pricing of $275 Million Underwritten Public Offering
Galecto, Inc. (GLTO)
Company Research
Source: GlobeNewswire
BOSTON, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Galecto, Inc. (NASDAQ: GLTO), a biopharmaceutical company focused on developing novel therapeutics to redefine the treatment paradigm for people living with blood cancers, today announced the pricing of its previously announced underwritten public offering of shares of its common stock. Galecto is selling a total of 14,473,685 shares of common stock at a public offering price of $19.00 per share. In addition, Galecto has granted the underwriters a 30-day option to purchase an additional 2,171,052 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Galecto from the offering are expected to be approximately $275 million, before deducting underwriting discounts and commissions and offering expenses payable by Galecto and assuming no exercise of the underwriters’ option to purchase additional shares. All of the securities are being offered by Galecto. The offering is expected t
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GLTO
News
- Galecto prices $275M stock offering [Seeking Alpha]Seeking Alpha
- Galecto Announces Proposed Underwritten Public Offering of Common Stock and Preferred StockGlobeNewswire
- Galecto (NASDAQ:GLTO) was upgraded by analysts at Lifesci Capital to a "strong-buy" rating.MarketBeat
- Galecto (NASDAQ:GLTO) was upgraded by analysts at Zacks Research to a "hold" rating.MarketBeat
- Galecto Highlights Key Strategic Priorities and Anticipated 2026 Milestones [Yahoo! Finance]Yahoo! Finance
GLTO
Sec Filings
- 2/10/26 - Form 424B5
- 2/10/26 - Form S-3ASR
- 2/10/26 - Form 8-K
- GLTO's page on the SEC website