---
schema_version: "secwatch.filing_event.v1"
accession: "0001368148-23-000075"
form_type: "8-K"
ticker: null
cik: "0001368148"
company_name: "ATHERSYS, INC / NEW"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:52:47.928819+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Athersys gets Nasdaq bid-price deficiency notice; 180 days to cure

## Summary
- Nasdaq notified Athersys on July 28, 2023 that its common stock closed below $1.00 for 30 consecutive business days through July 27, 2023.
- Company has until January 24, 2024 to regain compliance by closing at $1.00+ for 10 consecutive trading days.
- If not compliant by Jan 24, Athersys may be eligible for an additional 180-day cure period if it meets other Nasdaq listing standards.
- Athersys is evaluating options including a potential reverse stock split to address the deficiency.
- Failure to regain compliance could result in delisting from the Nasdaq Capital Market.

## SEC filing metadata
- accession: 0001368148-23-000075
- form_type: 8-K
- cik: 0001368148
- company_name: ATHERSYS, INC / NEW
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368148/000136814823000075/0001368148-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368148/000136814823000075/athx-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001368148-23-000075
- JSON: https://secwatch.observer/filing/0001368148-23-000075.json
- Plain text: https://secwatch.observer/filing/0001368148-23-000075.txt

## Key facts
- Listing & Compliance Notices
  ATHERSYS, INC / NEW received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: July 28, 2023, 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 for the period of June 14, 2023 through July 27, 2023. The Notice does not impact the listi
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368148/000136814823000075/0001368148-23-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.