secwatch.observer — SEC 8-K summary
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Issuer:     ATHERSYS, INC / NEW (—)
CIK:        0001368148
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001437749-23-028460
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Athersys receives Nasdaq delisting notice; BARDA rejects MultiStem for ARDS trial
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- Nasdaq will suspend trading of common stock at open on Oct 18, 2023 due to failure to meet Market Value of Listed Securities requirement.
- Company does not intend to appeal delisting determination; expects stock to trade on OTC market.
- BARDA notified Athersys on Oct 13, 2023 that MultiStem was not selected for phase 2 ARDS platform trial.
- Company had until Oct 10, 2023 to regain compliance; Panel determined compliance not demonstrated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368148/000143774923028460/0001437749-23-028460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368148/000143774923028460/athx20231017_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028460

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