secwatch.observer — SEC 8-K summary
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Issuer:     Celcuity Inc. (CELC)
CIK:        0001603454
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001493152-24-012030
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celcuity extends Term C Loan draw deadline to June 1, 2024 via Second Amendment with Innovatus
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- Second Amendment extends Term C Draw Period from April 1, 2024 to June 1, 2024.
- $10M Term C Loan available upon achievement of Term C Milestone and satisfaction of conditions.
- First $15M loan drawn April 2021; $20M additional loan drawn December 2022.
- No other changes to Loan Agreement; up to $75M total borrowing capacity unchanged.
- Representations and warranties reaffirmed; no event of default (except existing defaults).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603454/000149315224012030/0001493152-24-012030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603454/000149315224012030/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-012030

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