Athersys (ATHX) Prices 22.25M Share Common Offering at $2.25/Sh

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Go back to Athersys (ATHX) Prices 22.25M Share Common Offering at $2.25/Sh

Athersys Announces Pricing of Public Offering of Common Stock

April 15, 2020 9:33 PM EDT

CLEVELAND--(BUSINESS WIRE)-- Athersys, Inc. (NASDAQ: ATHX) (Athersys) today announced the pricing of its previously announced underwritten public offering of its common stock, par value $0.001 per share (Common Stock), at a price to the public of $2.25 per share, for a total of 22,250,000 shares. Gross proceeds to Athersys from the offering are expected to be approximately $50.1 million, before deducting the underwriting discount and estimated offering expenses. In connection with the offering, Athersys has granted the underwriters a 30-day option to purchase up to an additional 3,337,500 shares of Common Stock from Athersys... More