{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-000820","form_type":"8-K","ticker":null,"cik":"0001368148","company_name":"ATHERSYS, INC / NEW","filed_at":"2024-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.963191+00:00","generated_at":"2026-06-07T02:06:17.688345+00:00","sec_items":["1.01","1.03","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Athersys files Chapter 11; agrees to sell substantially all assets to Healios K.K.","bullets":["Filed Chapter 11 on Jan 5, 2024; seeks to sell substantially all assets under stalking horse APA with Healios K.K.","Purchase price is $2M via credit bid under DIP Financing Agreement; Healios provides $2.25M DIP facility.","Healios gets $200K break-up fee plus up to $300K expense reimbursement if alternative transaction closes.","Sale subject to Court approval, higher bids at auction; common stock likely receives no distribution.","DIP financing provides up to $2.25M term loans with superpriority claim and first liens on all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-000820","json":"https://secwatch.observer/filing/0001437749-24-000820.json","markdown":"https://secwatch.observer/filing/0001437749-24-000820.md","text":"https://secwatch.observer/filing/0001437749-24-000820.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1368148/000143774924000820/0001437749-24-000820-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1368148/000143774924000820/athx20240107_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T02:06:17.688345+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0fa8fc6a59843fadbc16b53647d63f84ff932774","claim":"ATHERSYS, INC / NEW incurred credit facility of $2,250,000 with DIP Lender.","evidence_excerpt":"the Debtors entered into a certain Secured Superpriority Debtor-in-Possession Financing Agreement (the “DIP Financing Agreement”) with the DIP Lender. If approved by the Court as proposed, the DIP Financing Agreement would provide term loans in an aggregate amount not to exceed $2,250,000 consisting of (i) a term loan not to exceed $850,000 to be available upon the entry by the Court of an order approving the DIP Financing Agreement on an interim basis, (ii) a term loan not to exceed $650,000 to be available upon the entry by the Court of an order approving the DIP Financing Agreement on a final basis, and (iii) 750,000 to be available on or promptly after February 16, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1368148/000143774924000820/0001437749-24-000820-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2,250,000"},{"label":"Counterparty","value":"DIP Lender"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ce321ed60ac05263b7ce781b2eaf17d45d76128b","claim":"ATHERSYS, INC / NEW entered chapter 11 in United States Bankruptcy Court for the Northern District of Ohio (petition 2024-01-05).","evidence_excerpt":"On January 5, 2024 (the “Petition Date”), Athersys, Inc. (the “Company”) and its direct and indirect subsidiaries, ABT Holding Company, Advanced Biotherapeutics, Inc., ReGenesys, LLC, and ReGenesys BVBA (collectively with the Company, the “Debtors”), filed voluntary petitions (the “Bankruptcy Petitions”) for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Ohio (such court, the “Court”; and such cases, the “Cases”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1368148/000143774924000820/0001437749-24-000820-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Northern District of Ohio"},{"label":"Petition","value":"2024-01-05"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}