Galecto Announces Proposed Underwritten Public Offering of Common Stock and Preferred Stock
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 that it has commenced an underwritten public offering of shares of its common stock and, in lieu of common stock to certain investors that so choose, Series C non-voting convertible preferred stock. All of the securities are being offered by Galecto. In addition, Galecto intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. Each share of Series C preferred stock will be convertible into 1,000 shares of common stock at the election of the holder, subject to beneficial ownership conversion limits applicable to the Series C preferred stock. The proposed public offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual si
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GLTO
News
- Galecto prices $275M stock offering [Seeking Alpha]Seeking Alpha
- Galecto Announces Pricing of $275 Million Underwritten Public OfferingGlobeNewswire
- 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