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

Apr 19, 2023

Athersys, Inc. (Nasdaq: ATHX) today announced that it has closed its previously announced offering to sell 3,685,000 shares (the “Shares”) of the Company’s common stock (or common stock equivalents in lieu thereof) in a registered direct offering and warrants to purchase 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 have an exercise price of $0.96 per share, are initially exercisable beginning six months following the date of issuance and expire seven years from the initial exercise date.

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