Allurion Technologies (ALUR) Launches $20M Share and Warrant Offering

Allurion Technologies, Inc. (NYSE: ALUR) (“Allurion” or the “Company”), a company dedicated to ending obesity, today announced that it has launched an underwritten public offering of up to $20 million of its common stock, par value $0.0001 per share (the “Shares”), and warrants to purchase Shares (the “Warrants” and, together with the Shares, the “Securities”).

Jefferies and TD Cowen are acting as joint book-running managers and representatives of the underwriters for the offering. Roth Capital Partners is acting as co-manager for the offering. The Company expects to grant the underwriters a 30-day option to purchase additional Securities in an amount equal to 15% of the Securities offered in the offering.

The Company intends to use the net proceeds from the underwritten public offering and the concurrent private placement discussed below to continue to fund clinical trials, commercial sales and research and development, and for working capital and general corporate purposes.

RTW Investments (“RTW”) has indicated an interest in purchasing up to $3 million of Securities in the offering and a concurrent private placement of a newly created series of preferred stock, Series A convertible preferred stock (the “Series A Preferred Stock”), and private placement warrants. To the extent that RTW’s purchase of Securities in the offering would result in the issuance of greater than 1% of the common stock of the Company currently outstanding, RTW will acquire shares of Series A Preferred Stock and private placement warrants in the concurrent private placement. The Series A Preferred Stock would not have any voting rights and would automatically convert into Shares upon stockholder approval of such conversion. However, because indications of interest are not binding agreements or commitments to purchase, the underwriters could determine to sell more, fewer or no Securities to RTW, and RTW could determine to purchase more, fewer or no Securities in the offering.

The underwritten public offering is not conditioned on the concurrent private placement. The consummation of the concurrent private placement is, however. conditioned on the closing of the public offering. The securities sold in the concurrent private placement are being issued pursuant to the exemptions provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), have not been registered under the Securities Act or any state or other applicable jurisdiction’s securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdiction's securities laws.

A registration statement on Form S-1 (File No. 333-280466) relating to the Securities being sold in this offering has been filed with the Securities and Exchange Commission (the “SEC”), and is available on the SEC’s website located at www.sec.gov, but has not yet become effective. The Securities may not be sold, nor may offers to buy be accepted, prior to the time such registration statement becomes effective. This offering is being made only by means of a written prospectus. Copies of the preliminary prospectus related to this offering, when available, may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at 877-821-7388, or by email at [email protected] or TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, by telephone at (855) 495-9846, or by email at [email protected].

This press release does not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of the Securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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