Celcuity Inc. (CELC): debt financing — Celcuity issues $201.25M of 2.750% convertible notes due 2031; net proceeds ~$194.5M

Celcuity Inc.

Issued $201.25M aggregate principal of 2.750% Convertible Senior Notes due 2031; initial conversion price ~$51.30/share.
Net proceeds of ~$194.5M after underwriting discounts and expenses; over-allotment option exercised in full.
Notes mature Aug 1, 2031; interest payable semiannually; redeemable at company's option after Aug 6, 2029 under conditions.
Company elected physical settlement for any conversions; notes are unsecured senior obligations.
Proceeds intended for working capital, R&D, clinical trials, and commercial launch expenditures.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Celcuity Inc. incurred senior notes of $201,250,000 aggregate principal amount of Notes with U.S. Bank Trust Company, National Association, as trustee at 2.750% per year maturing August 1, 2031.

Instrument: senior notes
Principal: $201,250,000 aggregate principal amount of Notes
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Rate: 2.750% per year
Maturity: August 1, 2031
Event: incurrence

Exact text from the filing

The issuance of $201,250,000 aggregate principal amount of Notes was completed on August 1, 2025.

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Source: SEC EDGAR

accession 0001641172-25-021894

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