Article
Allurion Technologies Announces $3M Warrant Exercise At $1.15 Per Share

Allurion Technologies, Inc. (NYSE:ALUR) (the "Company" or "Allurion"), a pioneer in metabolically healthy weight loss, today announced the entry into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 2,659,565 shares of common stock, issued by the Company on January 27, 2025 (the "January 2025 Warrants"), February 20, 2025 (the "February 2025 Warrants") and November 12, 2025 (the "November 2025 Warrants" and together with the January 2025 Warrants and the February 2025 Warrants, the "Existing Warrants"), at a reduced exercise price of $1.15 per share. The shares of common stock issuable upon exercise of the January 2025 Warrants and February 2025 Warrants are registered for resale pursuant to the effective registration statement on Form S-3 (File No. 333-286837) and the shares of common stock issuable upon exercise of the November 2025 Warrants are registered for resale pursuant to the effective registration statement on Form S-3 (File No. 333-292660). The aggregate gross proceeds from the exercise of the Existing Warrants is expected to total approximately $3.0 million, before deducting financial advisory fees. The closing of the offering is expected to occur on or about February 25, 2026, subject to satisfaction of customary closing conditions.

Roth Capital Partners is acting as the Company's financial advisor for this transaction.

In consideration for the immediate exercise of the Existing Warrants for cash, the exercising holders will receive new warrants to purchase shares of common stock in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the "1933 Act"). The new warrants will be exercisable into an aggregate of up to 5,319,130 shares of common stock, will be exercisable beginning on the effective date of stockholder approval of the shares issuable upon exercise of the new warrants at an exercise price of $1.15 per share, and have a term of exercise equal to five years after the stockholder approval date.

Comments
  • No comments yet. Be the first to comment!