Athersys (ATHX) Announces 3.7M Share Offering at $1/sh

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Go back to Athersys (ATHX) Announces 3.7M Share Offering at $1/sh

Athersys, Inc. Announces $3.7 Million Registered Direct Offering and Concurrent Private Placement

April 18, 2023 8:00 AM EDT

CLEVELAND--(BUSINESS WIRE)-- Athersys, Inc. (Nasdaq: ATHX) today announced that it has entered into definitive agreements for the purchase and sale of 3,685,000 shares (the Shares) of the Companys common stock (or common stock equivalents in lieu thereof) in a registered direct offering and warrants to purchase up to 3,685,000 Shares at a purchase price per Share (and accompanying warrant) of $1.00 in a concurrent private placement (together with the registered direct offering, the offering). The warrants will have an exercise price of $0.96 per share, will be initially exercisable beginning six months following the date of... More