Athersys (ATHX) Prices 48M Share Direct Offering at $0.25/sh

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Go back to Athersys (ATHX) Prices 48M Share Direct Offering at $0.25/sh

Athersys, Inc. Announces $12 Million Registered Direct Offering

August 15, 2022 8:30 AM EDT

CLEVELAND--(BUSINESS WIRE)-- Athersys, Inc. (Nasdaq: ATHX) today announced that it has entered into a definitive agreement with a single healthcare-focused U.S. institutional investor for the purchase and sale of 48,000,000 shares of the Companys common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 48,000,000 shares of common stock at a purchase price per share (and accompanying warrant) of $0.25 in a registered direct offering. The warrants will have an exercise price of $0.2554 per share, will be initially exercisable beginning six months following the date of... More