---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010134"
form_type: "8-K"
ticker: "CELU"
cik: "0001752828"
company_name: "Celularity Inc"
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T17:36:50.736449+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Celularity signs $10M standby equity deal and $3.15M convertible note with Yorkville

## Summary
- SEPA allows Celularity to sell up to $10M of common stock to Yorkville over 36 months at 97% of VWAP.
- Yorkville provides $3.15M convertible note (8% interest, matures Mar 13, 2025) with conversion price initially $6.3171, resets to VWAP floor $2.4898.
- Existing lenders RWI and Starr forbear defaults in exchange for 100bps interest increase and warrants (RWI: 300k shares at $5.895; Starr: reprice to $5.895).
- Registration statement for Yorkville resale to be filed by May 3, 2024; no advances or conversions until effective.
- Proceeds used for working capital; issuance capped at 19.99% of outstanding shares under Nasdaq rules.

## SEC filing metadata
- accession: 0001493152-24-010134
- form_type: 8-K
- ticker: CELU
- cik: 0001752828
- company_name: Celularity Inc
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/0001493152-24-010134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010134
- JSON: https://secwatch.observer/filing/0001493152-24-010134.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010134.txt

## Key facts
- Debt Financings
  Celularity Inc incurred convertible notes of $3.15 million convertible promissory note for $2.99 million in cash with YA II PN, LTD at annual rate equal to 8.0% (increased to 18.0% in the event of default) maturing March 13, 2025.
  - Instrument: convertible notes
  - Principal: $3.15 million convertible promissory note for $2.99 million in cash
  - Counterparty: YA II PN, LTD
  - Rate: annual rate equal to 8.0% (increased to 18.0% in the event of default)
  - Maturity: March 13, 2025
  - Event: incurrence
  source text: Upon entry into the SEPA, Celularity issued Yorkville a $3.15 million convertible promissory note for $2.99 million in cash (after a 5% original issue discount), or the Initial Advance. The note bears interest at an annual rate equal to 8.0% (increased to 18.0% in the event of default as provided in the note), and matures March 13, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/0001493152-24-010134-index.htm
- Material Agreements
  Celularity Inc entered into Registration Rights Agreement with YA II PN, LTD (effective 2024-03-13).
  - Action: entry
  - Counterparty: YA II PN, LTD
  - Effective: 2024-03-13
  source text: in connection with the entry into the SEPA, on March 13, 2024, Celularity entered into a registration rights agreement with Yorkville
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/0001493152-24-010134-index.htm
- Material Agreements
  Celularity Inc entered into Standby Equity Purchase Agreement with YA II PN, LTD valued at up to $10.0 million (effective 2024-03-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: YA II PN, LTD
  - Value: up to $10.0 million
  - Effective: 2024-03-13
  source text: On March 13, 2024, Celularity Inc., or Celularity, entered into a Standby Equity Purchase Agreement, or the SEPA, with YA II PN, LTD, a Cayman Islands exempt limited partnership, or Yorkville.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/0001493152-24-010134-index.htm
- Material Agreements
  Celularity Inc entered into RWI Forbearance Agreement with Resorts World Inc Pte Ltd (effective 2024-03-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Resorts World Inc Pte Ltd
  - Effective: 2024-03-13
  source text: On March 13, 2024, Celularity and Resorts World Inc Pte Ltd, or RWI, entered into a forbearance agreement, or the RWI Forbearance Agreement, with respect to the Second Amended and Restated Loan Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/0001493152-24-010134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.