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ARTICLE | Financial News

Athersys raises $20M in registered direct offering

November 27, 2013 11:28 PM UTC

Athersys Inc. (NASDAQ:ATHX) raised $20 million through the sale of 10 million shares at $2 in a registered direct offering to institutional investors. Investors also received warrants to purchase up to 3.5 million shares. The warrants are exercisable at $2.50 and expire March 31, 2015. Maxim Group and First Analysis Securities are placement agents. Athersys was down $0.03 to $2.03 on Wednesday. ...