secwatch.observer — SEC 8-K summary
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Issuer:     ATHERSYS, INC / NEW (—)
CIK:        0001368148
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001368148-23-000075
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368148/000136814823000075/0001368148-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368148/000136814823000075/athx-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001368148-23-000075

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