---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-044421"
form_type: "8-K"
ticker: "CELU"
cik: "0001752828"
company_name: "Celularity Inc"
filed_at: "2026-09-28T10:14:09+00:00"
generated_at: "2026-10-12T13:29:09.095804+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Celularity raises $11.01M in secured convertibles at $1.50; up to $25M total; Barach joins board

## Summary
- Initial closing Sept 24, 2026: $11.01M principal of senior secured convertible notes at $1.50/share conversion, plus warrants for ~4,037,000 shares at $1.50.
- Total facility up to $25.0M: Tranche 1 up to $15.0M; Tranche 2 up to $10.0M at purchaser election through Sept 30, 2027 at $2.00/share conversion.
- Notes bear 10% interest compounding annually (15% on default), mature 24 months; warrants run 5 years; conversion/exercise floor is $1.25; security interest covers substantially all assets.
- Helena settlement: $1.197M note converted at $1.71 into 700,000 shares plus 2,000,000 additional shares; Helena assigns $1.25M of its $2.5M NEXGEL note to Celularity.
- Geoffrey Ling resigned from the board Sept 24, 2026; Philip A. Barach appointed under the Board Rights Agreement; Nasdaq stockholder approval due by Dec 19, 2026 or prices cut 10%.

## SEC filing metadata
- accession: 0001493152-26-044421
- form_type: 8-K
- ticker: CELU
- cik: 0001752828
- company_name: Celularity Inc
- filed_at: 2026-09-28T10:14:09+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1752828/000149315226044421/0001493152-26-044421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1752828/000149315226044421/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-044421
- JSON: https://secwatch.observer/filing/0001493152-26-044421.json
- Plain text: https://secwatch.observer/filing/0001493152-26-044421.txt

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