secwatch.observer — SEC 8-K summary
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Issuer:     Celularity Inc (CELU)
CIK:        0001752828
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0000950170-23-048663
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Celularity extends prepaid advance with Yorkville, issues 2.7M shares, Nasdaq extension to March 2024
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- Entered letter agreement with Yorkville to extend maturity of Pre-Paid Advance from Sept 15, 2023 to Dec 31, 2023.
- Agreed to pay down $2,500,000 of outstanding pre-paid advance: $2,000,000 by Oct 5, 2023 and $500,000 by Oct 31, 2023.
- Issued 2,707,308 shares of Class A common stock to Yorkville with piggyback registration rights.
- Director Lim Kok Thay resigned from the board effective September 14, 2023; board reduced from nine to seven members.
- Nasdaq granted additional 180-day compliance period until March 11, 2024 for minimum bid price; reverse stock split possible.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752828/000095017023048663/0000950170-23-048663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752828/000095017023048663/celu-20230914.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-048663

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