secwatch.observer — SEC 8-K summary
======================================

Issuer:     Celularity Inc (CELU)
CIK:        0001752828
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0000950170-23-009338
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celularity raises ~$14M via PIPE and bridge loan; secures sublicense of assets
------------------------------------------------------------------------------

- Private placement of 9.38M shares and warrants at $0.8343/sh + $0.125/warrant for ~$9M; CEO invested $2M.
- Senior secured bridge loan of $5M from C.V. Starr at 12% interest, matures March 2025, warrants for 750K shares at $0.71.
- Executed binding term sheet for sublicense of assets; paid $3M cash and $1M in stock (1.69M shares).
- Proceeds to be used for working capital and general corporate purposes.
- Registration rights agreement requires filing within 30 days of 2022 10-K; effectiveness target by June 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752828/000095017023009338/0000950170-23-009338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752828/000095017023009338/celu-20230317.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009338

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer