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<title>athx-20220826</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="ic8f8dee4245b44b49c724de0a878f6b3_D20220826-20220826" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl80L2ZyYWc6MDljZDg3NDdlYzY2NDliYWE3MTM4ZDFjNDZiMmM4M2MvdGFibGU6ZGY0YjY3YjM3Y2M0NGFiMjlmYjRkMGJiMGM3NDRkMGEvdGFibGVyYW5nZTpkZjRiNjdiMzdjYzQ0YWIyOWZiNGQwYmIwYzc0NGQwYV8yLTEtMS0xLTU5ODM3_b8d9a569-6a29-40e4-aadf-982a8c05a09c">false</ix:nonNumeric><ix:nonNumeric contextRef="ic8f8dee4245b44b49c724de0a878f6b3_D20220826-20220826" name="dei:EntityRegistrantName" 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style="min-height:27pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New 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id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGFibGU6MzEyOTBjOWY5NTM5NDlmN2FmNzY0ZTEyNzJlODVjNGIvdGFibGVyYW5nZTozMTI5MGM5Zjk1Mzk0OWY3YWY3NjRlMTI3MmU4NWM0Yl8wLTQtMS0xLTU5ODM3_008ae362-4c5f-4b51-a7fa-9aef525016b3">44115-2634</ix:nonNumeric></span></td></tr><tr style="height:12pt"><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="margin-top:1pt;text-align:center"><span 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id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGV4dHJlZ2lvbjo2ZDJkNzI0MzY0MDA0ZWNiYmMzNDEyNGU2MTQyNjE5YV80OTIw_d12051ba-8841-4afb-b71c-ce0dbef48b41">431-9900</ix:nonNumeric></span></div><div style="margin-top:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Former Name or Former Address, if Changed Since Last Report)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-bottom:1pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:27.631%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:4.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.044%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ic8f8dee4245b44b49c724de0a878f6b3_D20220826-20220826" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGFibGU6ZTQ3NmU0M2I5ZDQ0NGFlYWEzNTFjNjIwZjg2ZDJjYmMvdGFibGVyYW5nZTplNDc2ZTQzYjlkNDQ0YWVhYTM1MWM2MjBmODZkMmNiY18wLTAtMS0xLTU5ODM3_e63109fa-dbe9-46ba-9d31-f2d3bc1fcc8f">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td></tr></table></div><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:4.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.044%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ic8f8dee4245b44b49c724de0a878f6b3_D20220826-20220826" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGFibGU6YTEyNTBkMjFhYzhmNDk2MWE4MTljMTlkN2I3ZTY1ZmMvdGFibGVyYW5nZTphMTI1MGQyMWFjOGY0OTYxYTgxOWMxOWQ3YjdlNjVmY18wLTAtMS0xLTU5ODM3_bc8405c6-52f3-4d6d-aea3-8b48e078df11">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr></table></div><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:4.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.044%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ic8f8dee4245b44b49c724de0a878f6b3_D20220826-20220826" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGFibGU6N2ViZWZiZmQ5NTk2NDkwOTlmNGE0YzRlYmRlNzBlNzkvdGFibGVyYW5nZTo3ZWJlZmJmZDk1OTY0OTA5OWY0YTRjNGViZGU3MGU3OV8wLTAtMS0xLTU5ODM3_172d433d-940d-474c-954d-9dbe103ab078">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr></table></div><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:4.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:93.044%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ic8f8dee4245b44b49c724de0a878f6b3_D20220826-20220826" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGFibGU6NWNmOTRjZGU4ZTliNGNiYWExNDdiZDYzOTZjYTk4NjgvdGFibGVyYW5nZTo1Y2Y5NGNkZThlOWI0Y2JhYTE0N2JkNjM5NmNhOTg2OF8wLTAtMS0xLTU5ODM3_2da23419-13d1-4e90-99db-2ddfd3d8addc">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:4pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Securities registered pursuant to 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id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGFibGU6NTM0ZThmN2FmNzk0NGJhMjgyYmVlOTFkMDM5ZTNjZTMvdGFibGVyYW5nZTo1MzRlOGY3YWY3OTQ0YmEyODJiZWU5MWQwMzllM2NlM18xLTItMS0xLTU5ODM3_4a2e68b5-3d26-4c5d-a2bd-fbf95fa596c4">The Nasdaq Stock Market LLC</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:1pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Emerging growth company&#160;&#160;<ix:nonNumeric contextRef="ic8f8dee4245b44b49c724de0a878f6b3_D20220826-20220826" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjlmMzU5M2UyOWI2NDRmYjNiMjUzNmZlMDcxNmYyNmZmL3NlYzo5ZjM1OTNlMjliNjQ0ZmIzYjI1MzZmZTA3MTZmMjZmZl8xL2ZyYWc6NmQyZDcyNDM2NDAwNGVjYmJjMzQxMjRlNjE0MjYxOWEvdGV4dHJlZ2lvbjo2ZDJkNzI0MzY0MDA0ZWNiYmMzNDEyNGU2MTQyNjE5YV80OTIx_c13f7beb-a9cb-4128-af61-448b2a5c7f57">&#9744;</ix:nonNumeric></span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act.&#160;&#160;&#9744;</span></div><div style="margin-bottom:1pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="height:27pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:27pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:1pt"><span><br/></span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 3.03 Material Modification to Rights of Security Holders.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On August 26, 2022, Athersys, Inc. (the &#8220;Company&#8221;) filed a Certificate of Amendment (the &#8220;Certificate of Amendment&#8221;) to its Certificate of Incorporation, as amended, in order to effect a one-for-twenty-five reverse stock split (the &#8220;Reverse Stock Split&#8221;) of the Company&#8217;s common stock, par value $0.001 per share (&#8220;Common Stock&#8221;).</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Certificate of Amendment became effective at 5:00 p.m., Eastern Time, on August 26, 2022. The foregoing summary of the Certificate of Amendment is qualified in its entirety by reference to the full text of the Certificate of Amendment, which is filed herewith as Exhibit 3.1 and incorporated herein by reference.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On August 29, 2022, the Company&#8217;s Common Stock began trading on a split-adjusted basis on The Nasdaq Capital Market under the symbol &#8220;ATHX&#8221; with a new CUSIP number (04744L205).</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The disclosures included in Item 3.03 above are incorporated by reference in their entirety into this Item 5.03.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Item 8.01 Other Events.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In connection with the Reverse Stock Split, the number of securities registered on applicable registration statements filed with the Securities and Exchange Commission have been proportionately reduced. Additionally, to reflect the impact of the Reverse Stock Split, the Company is making equitable and proportionate adjustments to: (1) the Company&#8217;s equity incentive plans (including the BTHC VI, Inc. Equity Incentive Compensation Plan, the Athersys, Inc. Amended and Restated 2007 Long-Term Incentive Plan and the Athersys, Inc. 2019 Equity and Incentive Compensation Plan, including as amended and restated effective as of July 28, 2022 (collectively, the &#8220;Plans&#8221;)); (2) the outstanding stock option and restricted stock unit awards granted under the Plans; and (3) the inducement grants of stock options to three of the Company&#8217;s current (or former) executives, which were made outside the scope of the Plans consistent with the Nasdaq Listing Rules for inducement awards (the &#8220;Inducement Grants&#8221;), in each case in accordance with the applicable terms of the Plans or the Inducement Grants.  In particular, such adjustments include reducing the number of shares of Common Stock covered by outstanding awards granted under the Plans or pursuant to the Inducement Grants by a factor of 25, increasing the exercise price for outstanding stock option awards by a factor of 25, reducing the Common Stock amounts included under each of the Plans by a factor of 25, and providing the treatment (either elimination or vesting) for fractional shares of Common Stock produced by the adjustments and the awards&#8217; vesting schedules, as applicable, as approved by the Company&#8217;s Compensation Committee. In addition, the exercise price and number of warrant shares for each of the Company&#8217;s outstanding warrants were also proportionately adjusted to give effect to the Reverse Stock Split.</span></div><div><span><br/></span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01.&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d)    Exhibits.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">   </span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:85.890%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Exhibit&#160;No.</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Description</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline" href="ex31-20220826.htm">Certificate of Amendment to Certificate of Incorporation, as amended, of Athersys, Inc.</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr></table></div><div style="height:27pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:27pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:139%">SIGNATURES</span></div><div style="margin-top:12pt;text-indent:24pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:139%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="margin-bottom:7pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Date: August 29, 2022</span></div><div style="margin-bottom:1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:57.904%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.358%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ATHERSYS, INC.</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Daniel Camardo</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name: Daniel Camardo<br/>Title: &#160;&#160;Chief Executive Officer</span></td></tr></table></div><div style="height:27pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span><br/></span></div></div></div></body></html>
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{"company-data": {"conformed-name": "ATHERSYS, INC / NEW", "cik": "0001368148", "assigned-sic": "2834", "irs-number": "204864095", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33876", "film-number": "221211770"}, "business-address": {"street1": "3201 CARNEGIE AVENUE", "city": "CLEVELAND", "state": "OH", "zip": "44115-2634", "phone": "216-431-9900"}, "mail-address": {"street1": "3201 CARNEGIE AVENUE", "city": "CLEVELAND", "state": "OH", "zip": "44115-2634"}, "former-company": {"former-conformed-name": "BTHC VI Inc", "date-changed": "20060629"}}
athx-20220826
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
August 26, 2022
Athersys, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
001-33876
20-4864095
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
3201 Carnegie Avenue,
Cleveland,
Ohio
44115-2634
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (
216
)
431-9900
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $0.001 per share
ATHX
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
Item 3.03 Material Modification to Rights of Security Holders.
On August 26, 2022, Athersys, Inc. (the "Company") filed a Certificate of Amendment (the "Certificate of Amendment") to its Certificate of Incorporation, as amended, in order to effect a one-for-twenty-five reverse stock split (the "Reverse Stock Split") of the Company's common stock, par value $0.001 per share ("Common Stock").
The Certificate of Amendment became effective at 5:00 p.m., Eastern Time, on August 26, 2022. The foregoing summary of the Certificate of Amendment is qualified in its entirety by reference to the full text of the Certificate of Amendment, which is filed herewith as Exhibit 3.1 and incorporated herein by reference.
On August 29, 2022, the Company's Common Stock began trading on a split-adjusted basis on The Nasdaq Capital Market under the symbol "ATHX" with a new CUSIP number (04744L205).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The disclosures included in Item 3.03 above are incorporated by reference in their entirety into this Item 5.03.
Item 8.01 Other Events.
In connection with the Reverse Stock Split, the number of securities registered on applicable registration statements filed with the Securities and Exchange Commission have been proportionately reduced. Additionally, to reflect the impact of the Reverse Stock Split, the Company is making equitable and proportionate adjustments to: (1) the Company's equity incentive plans (including the BTHC VI, Inc. Equity Incentive Compensation Plan, the Athersys, Inc. Amended and Restated 2007 Long-Term Incentive Plan and the Athersys, Inc. 2019 Equity and Incentive Compensation Plan, including as amended and restated effective as of July 28, 2022 (collectively, the "Plans")); (2) the outstanding stock option and restricted stock unit awards granted under the Plans; and (3) the inducement grants of stock options to three of the Company's current (or former) executives, which were made outside the scope of the Plans consistent with the Nasdaq Listing Rules for inducement awards (the "Inducement Grants"), in each case in accordance with the applicable terms of the Plans or the Inducement Grants.  In particular, such adjustments include reducing the number of shares of Common Stock covered by outstanding awards granted under the Plans or pursuant to the Inducement Grants by a factor of 25, increasing the exercise price for outstanding stock option awards by a factor of 25, reducing the Common Stock amounts included under each of the Plans by a factor of 25, and providing the treatment (either elimination or vesting) for fractional shares of Common Stock produced by the adjustments and the awards' vesting schedules, as applicable, as approved by the Company's Compensation Committee. In addition, the exercise price and number of warrant shares for each of the Company's outstanding warrants were also proportionately adjusted to give effect to the Reverse Stock Split.
Item 9.01.    Financial Statements and Exhibits.
(d)    Exhibits.
Exhibit No.
Description
3.1
Certificate of Amendment to Certificate of Incorporation, as amended, of Athersys, Inc.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 29, 2022
ATHERSYS, INC.
By:
/s/ Daniel Camardo
Name: Daniel Camardo
Title:   Chief Executive Officer