Athersys' Registration Statement On Form S-3 Declared Effective by the SEC
CLEVELAND, Oct 18, 2007 (PrimeNewswire via COMTEX News Network) -- Athersys, Inc. (OTCBB:AHYS), announced that its Registration Statement on Form S-3 was declared effective on Thursday, October 18, 2007, by the Securities and Exchange Commission. The Registration Statement registers for resale 13,531,781 shares of the company's common stock on behalf of certain securityholders, and 4,976,470 shares not yet outstanding that are issuable upon the exercise of warrants. The company will not receive any of the proceeds from the resale of these shares. The company currently has 18,927,988 shares of common stock outstanding. |
