ATHERSYS, INC / NEW: Nasdaq/NYSE listing notice — Athersys receives Nasdaq bid-price deficiency notice; 180 days to cure

ATHERSYS, INC / NEW

Nasdaq notified Athersys on Dec 22, 2022 that bid price was below $1.00 for 30 consecutive business days.
Company has until June 20, 2023 to regain compliance by closing at or above $1.00 for 10 consecutive days.
Common stock continues trading on Nasdaq Capital Market during the cure period.
Options include a potential reverse stock split; risk of delisting if not cured or extended.
Failure to regain compliance may lead to delisting, with a possible appeal to Nasdaq Hearings Panel.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ATHERSYS, INC / NEW received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

December 22, 2022, Athersys, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”), because the closing bid price of the Company’s common stock (the “Common Stock”) was below $1.00 per share for 30 consecutive business days. The Notice does not impact the listing of the Common Stock on the Nasdaq Capital Marke

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Source: SEC EDGAR

accession 0001368148-22-000162

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