Nasdaq Panel Notified Athersys That It Had Determined To Extend Exception To October 10 Regarding MVLS Requirement Deficiency
Portfolio Pulse from Benzinga Newsdesk
Athersys (ATHX) has been granted an extension until October 10 by the Nasdaq Panel to rectify its MVLS Requirement Deficiency.

September 11, 2023 | 12:52 pm
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NEUTRAL IMPACT
Athersys has been given more time by the Nasdaq Panel to rectify its MVLS Requirement Deficiency, which could potentially prevent its delisting.
The extension granted by the Nasdaq Panel provides Athersys with additional time to rectify its MVLS Requirement Deficiency. This could potentially prevent the company from being delisted from the Nasdaq, which would be a positive outcome for the company. However, it's uncertain at this point whether Athersys will be able to meet the requirements within the extended deadline, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100