---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-018220"
form_type: "8-K"
ticker: "CELU"
cik: "0001752828"
company_name: "Celularity Inc"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:08:53.588099+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Celularity closes $13.3M NexGel asset sale; Helena default notice on $1.97M note

## Summary
- Closed asset sale to NexGel for $13.3M ($8.3M cash + $5M note), retired ~$13M debt.
- Eligible for up to $20M milestones and royalties on net sales.
- Helena exchanged for $1.97M note at 18%; default notice for late 10-K; potential 115% acceleration.
- Co. terminated John Haines (SVP/CAO) and Stephen Brigido resigned (President, Degenerative).

## SEC filing metadata
- accession: 0001493152-26-018220
- form_type: 8-K
- ticker: CELU
- cik: 0001752828
- company_name: Celularity Inc
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1752828/000149315226018220/0001493152-26-018220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1752828/000149315226018220/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-018220
- JSON: https://secwatch.observer/filing/0001493152-26-018220.json
- Plain text: https://secwatch.observer/filing/0001493152-26-018220.txt

## Key facts
- Debt Financings
  Celularity Inc reported a default on convertible notes with Helena Global Investment Opportunities 1 Ltd. at 15% per annum.
  - Instrument: convertible notes
  - Counterparty: Helena Global Investment Opportunities 1 Ltd.
  - Rate: 15% per annum
  - Event: default
  source text: On April 17, 2026, Helena delivered to the Company a notice of event of default (the “Default Notice”) under the Helena Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000149315226018220/0001493152-26-018220-index.htm
- Debt Financings
  Celularity Inc incurred convertible notes of $1,970,502.58 with Helena Global Investment Opportunities 1 Ltd. at 18.0% per annum maturing October 16, 2026.
  - Instrument: convertible notes
  - Principal: $1,970,502.58
  - Counterparty: Helena Global Investment Opportunities 1 Ltd.
  - Rate: 18.0% per annum
  - Maturity: October 16, 2026
  - Event: incurrence
  source text: for a Convertible Promissory Note in the original principal amount of $1,970,502.58 (the “Helena Note”). The Helena Note bears interest at a rate of 18.0% per annum and matures on October 16, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000149315226018220/0001493152-26-018220-index.htm
- Material Agreements
  Celularity Inc amended Amendment No. 1 with NexGel, Inc. valued at $13.3 million (effective 2026-04-17).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: NexGel, Inc.
  - Value: $13.3 million
  - Effective: 2026-04-17
  source text: On April 17, 2026, Celularity Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to that certain Asset Purchase and Exclusive License Agreement, dated as of March 6, 2026 (the “Original Agreement” and, as amended, the “Agreement”), with NexGel, Inc. (“NexGel”). Among other things, the Amendment provides that: (i) the aggregate consideration payable to the Company under the Agreement is $13.3 million, consisting of an upfront cash payment of $8.3 million on the transaction commencement date and a convertible promissory note in the original principal amount of $5.0 million with an 18-month term
  evidence_url: https://www.sec.gov/Archives/edgar/data/1752828/000149315226018220/0001493152-26-018220-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.