secwatch.observer — SEC 8-K summary
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Issuer:     Celcuity Inc. (CELC)
CIK:        0001603454
Form:       8-K
Filed at:   2026-06-08T20:10:41+00:00
Accession:  0001493152-26-027717
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celcuity closes $575M convertible note offering at 0.250% due 2032, repays $137.5M loan
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- Issued $575M aggregate principal of 0.250% Convertible Senior Notes due 2032; net proceeds ~$557M.
- Initial conversion rate 8.0302 shares/$1,000 principal (~$124.53/share, ~40% premium to June 3 close).
- Used ~$137.5M of net proceeds to fully repay and terminate existing loan agreement with Oxford Finance and Innovatus.
- Remaining proceeds for working capital, clinical/commercial launch costs, and general corporate purposes.
- Notes redeemable at Celcuity's option after Aug 6, 2029 if stock exceeds 130% of conversion price for 20 of 30 trading days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603454/000149315226027717/0001493152-26-027717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603454/000149315226027717/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027717

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