Athersys, Inc. (Nasdaq: ATHX) today announced that is has reached an agreement to purchase 3,685,000 shares of its own common stock (or common stock equivalents) in a registered direct offering and warrants to purchase up to 3,685,000 shares at a price of $1.00 per share in a concurrent private placement. These warrants, which will be initially exercisable six months after the date of issuance, will expire seven years from the initial exercise date and carry an exercise price of $0.96 per share.
The offering is anticipated to close on or around April 19, 2023, after all customary closing conditions have been met. With an expected gross proceeds of approximately $3.7 million, the Company plans to utilize the net proceeds from the offering for a variety of corporate purposes.
A.G.P./Alliance Global Partners is proud to announce its role as sole placement agent for this exciting offering. With their expertise and commitment to excellence, they are sure to provide investors with a great opportunity to benefit from this offering.
The warrants issued in the concurrent private placement were not registered under the Securities Act or applicable state securities laws, and, as such, may not be offered or sold in the United States without either an effective registration statement or an exemption from the registration requirements of the Securities Act and applicable state securities laws. Investing in these securities, therefore, carries a unique set of risks that potential purchasers should consider before making any decisions.
We invite you to take part in an opportunity to purchase securities that are not available in any state or jurisdiction without registration or qualification under the securities laws. Don’t miss this chance to be a part of something big!