secwatch.observer — SEC 8-K summary
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Issuer:     Celcuity Inc. (CELC)
CIK:        0001603454
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001641172-25-021739
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celcuity prices $175M convertible notes and stock offering; net proceeds ~$248.7M
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- $175M of 2.750% convertible senior notes due 2031 priced; initial conversion price ~$51.30/share (35% premium to stock offering).
- Common stock offering: 1,836,842 shares at $38.00/share + pre-funded warrants for 400,000 shares at $37.999/warrant.
- Combined net proceeds ~$248.7M after underwriting discounts; use for working capital and general corporate purposes.
- Company will not enter previously contemplated capped call transactions; investors may hedge via derivative transactions or selling shares.
- Underwriters have 30-day options: up to $26.25M additional notes and up to 335,526 additional shares of common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603454/000164117225021739/0001641172-25-021739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603454/000164117225021739/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-021739

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