Celularity closes $10M financing with Philip A. Barach; issues senior secured and convertible notes

Celularity Inc

Gross proceeds at closing: $10.0M; potential additional $2.0M subject to conditions.
Senior secured term loan: $7.0M principal, 4% interest (12% on default), matures April 30, 2026 or upon qualified financing.
Secured convertible notes: up to $5.0M, 8% PIK interest, convertible at $1.66/share, maturity Dec 31, 2026.
Issued warrants to purchase 3,707,657 shares at $2.00/share, exercisable from June 19, 2026 to Dec 19, 2030.
Investor granted board observer rights; notes secured by first-priority liens on substantially all assets.

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