secwatch.observer — SEC 8-K summary
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Issuer:     Celularity Inc (CELU)
CIK:        0001752828
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001193125-23-221469
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celularity enters $3M loan agreement with CEO Hariri and other lenders
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- Loan $3M aggregate from CEO Dr. Robert Hariri ($1M) and two unaffiliated lenders at 15% annual interest.
- First-year interest paid in kind monthly; matures August 21, 2024.
- Mandatory prepayment upon receiving gross proceeds of $4.5M or more from a subsequent transaction.
- Proceeds used for working capital and general corporate purposes.
- Customary negative covenants include restrictions on additional indebtedness and liens.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752828/000119312523221469/0001193125-23-221469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752828/000119312523221469/d531828d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-221469

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