Athersys Announces Pricing of Public Offering of Common Stock
Athersys, Inc. (ATHX)
Last athersys, inc. earnings: 11/6 04:05 pm
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US:NASDAQ Investor Relations:
athersys.com/press-releases
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Source: Business Wire
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 at the public offering price (less the underwriting discount). The offering is expected to close on April 20, 2020, subject to customary closing conditions.BofA Securities is acting as sole book-running manager for the offering. Needham & Company, SMBC and WBB Securities are acting as co-managers for the offering.Athersys intends to use the net proceeds from th
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