secwatch.observer — SEC 8-K summary
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Issuer:     Celularity Inc (CELU)
CIK:        0001752828
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001493152-25-029033
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1752828/000149315225029033/0001493152-25-029033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1752828/000149315225029033/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029033

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