Athersys Filed For Resale Of Up To 15.4M Shares Of Common Stock By The Selling Stockholders
Portfolio Pulse from Charles Gross
Athersys has filed for the resale of up to 15.4 million shares of common stock by the selling stockholders. This move could potentially dilute the value of existing shares.
September 13, 2023 | 9:16 pm
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Athersys' filing for resale of up to 15.4 million shares could dilute the value of existing shares, potentially impacting the stock price negatively in the short term.
The filing for resale of a large number of shares by Athersys could lead to dilution of the value of existing shares. This is because the increase in the number of shares available in the market could exceed the demand, leading to a decrease in the price per share. Therefore, this news could potentially have a negative impact on the stock price in the short term.
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