tiprankstipranks
Athersys Finalizes Sale to HEALIOS Amidst Board Reorganization
Company Announcements

Athersys Finalizes Sale to HEALIOS Amidst Board Reorganization

Don't Miss Our Christmas Offers:

Athersys (ATHXQ) just unveiled an announcement.

In a significant move, the Debtors have successfully negotiated an asset sale to HEALIOS K.K., known as the Stalking Horse Bidder, for a raised purchase price of $2,250,000 following a “stalking horse” agreement. With no competing bids, the sale was approved by the Court and finalized on April 3, 2024. Concurrently, the Company’s board saw changes with the appointment of Kasey Rosado as director and the resignation of several others. This strategic transaction is crucial for investors following the company’s restructuring efforts and board reorganization.

See more data about ATHXQ stock on TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App