secwatch.observer — SEC 8-K summary
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Issuer:     Celularity Inc (CELU)
CIK:        0001752828
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001493152-24-010134
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/0001493152-24-010134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752828/000149315224010134/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010134

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