HEALIOS K.K. Increases Investment in Athersys by Fully Exercising Warrant to Acquire Additional Shares
Athersys, Inc. (ATHX)
Last athersys, inc. earnings: 11/6 04:05 pm
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athersys.com/press-releases
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Source: Business Wire
CLEVELAND--(BUSINESS WIRE)--Athersys, Inc. (“Athersys”) (NASDAQ: ATHX) announced today that its partner in Japan, HEALIOS K.K. (“Healios”), exercised in full its warrant to purchase shares of Athersys common stock. Healios purchased 4,000,000 shares at a price of $1.76 per share in accordance with the terms of the warrant, representing an additional investment of $7,040,000 in Athersys.This warrant was issued to Healios in March 2018 as part of an expansion of the collaboration between the companies. This expansion agreement set the warrant exercise price at 110% of the average price per share over the ten days preceding exercise, or $1.76 per share so long as the reference price remained below this floor.Healios previously purchased 12,000,000 shares of Athersys common stock and now owns approximately 9.4% of the current outstanding shares of Athersys. There are no other warrants outstanding.About AthersysAthersys is a biotechnology company engaged in the discovery and developmen
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