secwatch.observer — SEC 8-K summary
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Issuer:     Celularity Inc (CELU)
CIK:        0001752828
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0000950170-23-029159
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celularity receives additional $6M loan with warrants; proceeds to pay Yorkville
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- Additional loan of $6M (net $5.322M after $678K OID), 12.5% interest, PIK for first year, matures March 2025.
- Issues warrants for 3M shares of Class A common stock at $0.81 per share, 5-year term, purchase price $0.125 per share.
- Proceeds must be used to pay YA II PN (Yorkville) under existing prepaid advance agreement.
- Lender Resorts World Inc (affiliated with director Lim Kok Thay) receives senior secured interest in all assets pari passu with Starr.
- Covenant requires company to maintain at least $3M cash and cash equivalents at all times.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752828/000095017023029159/0000950170-23-029159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752828/000095017023029159/celu-20230620.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-029159

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