Athersys Nears Final Stage of Liquidation as Trustee Report Approaches

The Chapter 7 proceedings for Athersys, the developer behind MultiStem, are entering their tail end in a U.S. bankruptcy court in Ohio. With the trustee’s final report expected in the first quarter of 2026, the wind-down and the cancellation of the remaining shares appear increasingly imminent. What this means for the last holders of the stock becomes clearer as the process moves forward.

In the context of an ongoing Chapter 7 liquidation, the remaining recovered assets are set to be distributed to creditors before the estate is closed. Market participants are closely monitoring court filings to review the trustee’s final accounting, which will detail how the remaining assets are to be allocated.

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