secwatch.observer — SEC 8-K summary
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Issuer:     ATHERSYS, INC / NEW (—)
CIK:        0001368148
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001437749-24-011218
Event type: m_and_a
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Athersys completes sale of substantially all assets to HEALIOS K.K. for $2.25M; board overhaul
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368148/000143774924011218/0001437749-24-011218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368148/000143774924011218/athx20240403_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-011218

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer