Exhibit 99.1
ACELYRIN Adopts Limited-Duration Stockholder Rights Plan
LOS ANGELES, March 13, 2025 ACELYRIN, INC. (Nasdaq: SLRN), a late-stage clinical biopharma company focused on accelerating
the development and delivery of transformative medicines in immunology, today announced that, in response to Tang Capital Partners continued rapid accumulation of 8.8% of ACELYRINS outstanding common stock, its Board of Directors has
approved the adoption of a limited-duration stockholder rights plan (Rights Plan).
The ACELYRIN Board and management team continue to engage
with stockholders and are focused on maximizing stockholder value.
Pursuant to the Rights Plan, the Company is issuing one right for each share of common
stock as of the close of business on March 24, 2025. The rights will initially trade with ACELYRINs common stock and will become exercisable only if any person acquires 10% or more of the Companys outstanding common stock (20% in
the case of a person who reports their beneficial ownership on Schedule 13G) (the Triggering Percentage). In that case, each holder of a right (other than the acquiring person, whose rights will become void and will not be exercisable)
will be entitled to purchase, at the exercise price, additional shares of common stock having a then-current market value of twice such exercise price. Under the Rights Plan, any person who currently owns more than the applicable Triggering
Percentage may continue to own its shares of common stock but may not acquire any additional shares without triggering the Rights Plan. In addition, the Rights Plan has customary flip-over and exchange features.
The Rights Plan is effective immediately and will expire on March 12, 2026.
ACELYRIN stockholders do not need to take any further action at this time.
Additional information regarding the Rights Plan will be contained in a Form 8-K to be filed by ACELYRIN with
the U.S. Securities and Exchange Commission.
Guggenheim Securities, LLC is serving as financial advisor to ACELYRIN and Fenwick & West LLP
and Paul Hastings LLP are serving as its legal counsel.
About ACELYRIN
ACELYRIN, INC. (Nasdaq: SLRN) is focused on providing patients life-changing new treatment options by identifying, acquiring, and accelerating the development
and commercialization of transformative medicines. ACELYRINs lead program, lonigutamab, is a subcutaneously delivered monoclonal antibody targeting IGF-1R being investigated for the treatment of thyroid
eye disease.
Forward-Looking Statements
This
communication contains forward-looking statements within the meaning of federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon current plans,
estimates and expectations of management of ACELYRIN, Inc. (ACELYRIN) in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause
actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as anticipate,
expect, project, intend, believe, may, will, should, plan, could, continue, target, contemplate,
estimate, forecast, guidance, predict, possible, potential, pursue, likely, and words and terms of similar substance used in connection with any
discussion of future plans, actions or events identify forward-looking statements. All statements, other than statements of historical facts, including express or implied statements regarding the purpose, adoption and objective of the Rights
Plan, the proposed transaction (the proposed transaction) with Alumis Inc. (Alumis); the expected timing of the closing of the proposed transaction; the ability of ACELYRIN and Alumis to complete the proposed transaction
considering the various closing conditions; and any assumptions underlying any of the foregoing, are forward-looking statements.