Athersys Inc. prices public offering of stock that’s expected to gross more than $50 million

Cleveland-based biopharmaceutical company Athersys Inc. (Nasdaq: ATHX) expects to produce gross proceeds of more than $50 million from an upcoming offering of its common stock.

Athersys said in a news released issued late Wednesday, April 15, that it has set a price of $2.25 per share for the offering of 22.25 million shares. The offering is expected to close on Monday, April 20.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Scott Suttell.

Originally published April 16, 2020.