- Athersys ( NASDAQ: ATHX ) stock sank 44% before the bell on Wednesday after the firm priced its public offering of ~5M shares and warrants to buy ~10M shares at a combined price of $1.10/share and accompanying warrant for total proceeds of ~$5.5M.
- The warrants will have an exercise price of $1.10/share, will be exercisable immediately after the date of issue and will expire five years from the date of issue.
- The offering is expected to close on or about Nov. 10.
- Shares of Athersys ( ATHX ) slumped 95.2% YTD.
For further details see:
Athersys sinks 44% before the bell on $5.5M stock offering