8-K
filed April 5, 2024, 7:59 PM ET
CIK 0001368148
M&A
confidence high
sentiment negative
materiality 1.00
ATHERSYS, INC / NEW: M&A transaction — Athersys completes sale of substantially all assets to HEALIOS K.K. for $2.25M; board overhaul
ATHERSYS, INC / NEW
- Sale of all assets to HEALIOS K.K. closed April 3, 2024, for $2.25M via credit bid; no competing bids received.
- Kasey Rosado (Interim CFO) appointed as director on April 1, 2024; four directors resigned: Mayhugh, Nolan, Wyszomierski, Wasman.
- Company remains in Chapter 11; expects common stock holders may receive no distribution.
- No new compensatory agreements entered for Rosado in connection with her board appointment.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Neema Mayhugh resigned as Director at ATHERSYS, INC / NEW.
- Action
- resigned
- Role
- Director
Exact text from the filing
Neema Mayhugh, Joseph Nolan, Jack Wyszomierski, and Jane Wasman resigned as directors of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jack Wyszomierski resigned as Director at ATHERSYS, INC / NEW.
- Action
- resigned
- Role
- Director
Exact text from the filing
Neema Mayhugh, Joseph Nolan, Jack Wyszomierski, and Jane Wasman resigned as directors of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Nolan resigned as Director at ATHERSYS, INC / NEW.
- Action
- resigned
- Role
- Director
Exact text from the filing
Neema Mayhugh, Joseph Nolan, Jack Wyszomierski, and Jane Wasman resigned as directors of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kasey Rosado was appointed as Director at ATHERSYS, INC / NEW.
- Action
- appointed
- Role
- Director
Exact text from the filing
Kasey Rosado, the Company’s Interim Chief Financial Officer, was appointed as a director on the Company’s board of directors (the “Board”)
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jane Wasman resigned as Director at ATHERSYS, INC / NEW.
- Action
- resigned
- Role
- Director
Exact text from the filing
Neema Mayhugh, Joseph Nolan, Jack Wyszomierski, and Jane Wasman resigned as directors of the Board.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
ATHERSYS, INC / NEW completed a disposition involving HEALIOS K.K. for $2,250,000.00 (closed 2024-04-03).
- Action
- disposition
- Counterparty
- HEALIOS K.K.
- Consideration
- $2,250,000.00
- Closing
- 2024-04-03
Exact text from the filing
the Debtors entered into the First Amendment to the Asset Purchase Agreement (the “Amendment”) with the Stalking Horse Bidder. The Amendment increased the Purchase Price to $2,250,000.00. The Company did not receive any other bids for the Purchased Assets pursuant to the approved bidding procedures, and the Debtors moved forward with seeking and obtaining
View on SEC.gov
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