secwatch.observer — SEC 8-K summary
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Issuer:     Celularity Inc (CELU)
CIK:        0001752828
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001493152-24-048330
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celularity raises up to $1M via convertible notes and warrants; initial $500K closed
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- Issued $500,000 in 8% unsecured senior convertible notes due one year; interest rises to 10% on default.
- Notes convertible into common stock at $2.85/share (floor $1.00) upon default or subsequent financing of ≥$2.5M.
- Purchaser warrants cover 100% of subscription amount at $2.85 exercise price, 5-year term, with one-time reset floor $1.00.
- Proceeds earmarked for working capital and general corporate purposes.
- Placement agent Madison Global receives 7% cash fee, 1% expense allowance, and warrants at 125% of offering price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752828/000149315224048330/0001493152-24-048330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752828/000149315224048330/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048330

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer