secwatch.observer — SEC 8-K summary
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Issuer:     ATHERSYS, INC / NEW (—)
CIK:        0001368148
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001368148-23-000038
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Athersys receives Nasdaq delisting notice for failure to meet $35M market value standard
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- Nasdaq notified Athersys on April 13, 2023, that it failed to regain compliance with the $35M minimum market value listing rule.
- Company requested a hearing before Nasdaq Hearings Panel on April 14, 2023; delisting is stayed pending appeal.
- If hearing not requested by April 20, trading would have been suspended on April 24; common stock continues on Nasdaq during appeal.
- No assurance that appeal will succeed or that Athersys will regain compliance with Nasdaq continued listing requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368148/000136814823000038/0001368148-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368148/000136814823000038/athx-20230413.htm
  HTML page:      https://secwatch.observer/filing/0001368148-23-000038

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