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# Teknova Prices $40 Million Stock Offering At $5 A Share, A 26.5% Discount To Its October 19 Price
- URL: https://www.bullished.co/teknova-prices-40-million-stock-offering-at-5-a-share-a-26-5-discount-to-its-october-19-e5a4e463/
- Published: 2026-10-21T20:46:32.000Z
- Updated: 2026-10-21T20:46:32.000Z
- Description: The 8 million new shares come to 13.0% of the 61,702,534 shares outstanding after the sale, with proceeds for general corporate purposes.
- Author: Matteo Parrino
- Tags: SEC Filings, TKNO, Industry: Healthcare, Topic: Capital Raising

Alpha Teknova priced an underwritten sale of 8,000,000 of its own common shares at $5.00 each, for [$40.0 million](https://www.globenewswire.com/news-release/2026/10/21/3385068/0/en/teknova-announces-pricing-of-40-million-public-offering-of-common-stock.html?ref=bullished.co) in gross proceeds, according to a prospectus supplement dated October 21\. The price is a 26.5% discount to the $6.80 last reported sale price on October 19.

## Size, price and share count

The company sells the shares itself, so it receives the proceeds. Underwriting discounts and commissions come to $0.30 a share, or $2.4 million, leaving $37.6 million before expenses. The company puts net proceeds at about $37.6 million after expenses as well.

The new shares equal 13.0% of the 61,702,534 shares that will be outstanding after the offering, the prospectus's own count. That count is built on 53,702,534 shares outstanding at September 30.

Underwriters hold a 30-day option, running from the supplement date, to [buy up to 1,200,000 more shares](https://markets.ft.com/data/announce/detail?dockey=1330-9850070en-1MC8FJVUUIGIVVOC72UJROCLRO&ref=bullished.co) at the offering price less discounts. If they use all of it, the post-offering count is 62,902,534 and net proceeds rise to about $43.2 million.

TD Cowen and William Blair are the joint book-running managers. The underwriters expect delivery of the shares on or about October 22\. At Wednesday's close the stock was $5.85, according to market data.

## What the money is for

The company says it intends to use the proceeds "for general corporate purposes (including potentially the repayment of a portion of our outstanding debt obligations)." It reserves the right to reallocate the money at management's discretion.

Separately, the company has a sales agreement under which up to $50.0 million of stock remains available after the lock-up tied to this offering expires or is waived. Those shares are excluded from the post-offering count. The company says it has no effective prospectus for them and will not sell any until a new prospectus, supplement or registration statement is filed.

## Preliminary third-quarter figures

The supplement also carries unaudited estimates for the quarter ended September 30\. Revenue is estimated at $12.5 million to $12.7 million, up 19% to 21% from the same period a year earlier. Cash and short-term investments are estimated at $16.6 million.

Gross margin is estimated at 36.0% to 38.0%, and adjusted EBITDA at negative $1.2 million to negative $1.0 million. The company says its auditor has not audited or reviewed the figures, and that they may change materially.

The [underwriters' option on 1,200,000 additional shares](https://markets.ft.com/data/announce/detail?dockey=1330-9850070en-1MC8FJVUUIGIVVOC72UJROCLRO&ref=bullished.co) stays open for 30 days from the supplement date, and delivery of the base shares is expected on or about October 22.

### Sources

- [Form 424B5 — Alpha Teknova, Inc. (TKNO)](https://www.sec.gov/Archives/edgar/data/0001850902/000119312526427916/d179208d424b5.htm?ref=bullished.co) — SEC EDGAR
- [424B5](https://www.sec.gov/Archives/edgar/data/1850902/000119312526426674/d179208d424b5.htm?ref=bullished.co) — sec.gov
- [Teknova Announces Pricing of $40 Million Public Offering of](https://www.globenewswire.com/news-release/2026/10/21/3385068/0/en/teknova-announces-pricing-of-40-million-public-offering-of-common-stock.html?ref=bullished.co) — globenewswire.com
- [Teknova Announces Pricing of $40 Million Public Offering of Common Stock – Company Announcement - FT.com](https://markets.ft.com/data/announce/detail?dockey=1330-9850070en-1MC8FJVUUIGIVVOC72UJROCLRO&ref=bullished.co) — Financial Times
- [Teknova Announces Pricing of $40 Million Public Offering of](https://rss.globenewswire.com/news-release/2026/10/21/3385068/0/en/teknova-announces-pricing-of-40-million-public-offering-of-common-stock.html?ref=bullished.co) — rss.globenewswire.com
- [Teknova Announces Proposed Public Offering of Common Stock](https://www.globenewswire.com/news-release/2026/10/20/3384928/0/en/teknova-announces-proposed-public-offering-of-common-stock.html?ref=bullished.co) — globenewswire.com