Allurion Technologies to sell 841,751 shares at $2.97 in private placement

Allurion Technologies (ALUR) announced that it has entered into a subscription agreement with funds affiliated with RTW Investments for the purchase and sale of 841,751 shares of the company’s common stock in a private placement at a purchase price of $2.97 per share. The private placement is expected to result in gross proceeds of $2.5M and extend the company’s runway through early 2026. The subscription agreement also includes an option to fund up to an additional $10M in subsequent tranches. The private placement is expected to close on or about January 15, subject to the satisfaction of customary closing conditions. The company expects to use the net proceeds from the private placement for working capital and other general corporate purposes. Roth Capital Partners is acting as the sole financial advisor for the offering.