2023-04-05 09:39:12 ET
- Celularity ( NASDAQ: CELU ) has entered into a definitive agreement with an institutional investor for the purchase and sale of 9.23M shares of its Class A common stock and warrants up to 9.23M shares at a combined purchase price of $0.65/share.
- The registered direct offering resulting in total gross proceeds of ~$6M.
- The warrants will have an exercise price of $0.75, will be exercisable beginning six months after the date of issuance and will expire five years following the initial exercise date.
- The closing of the offering and sale of the Securities is expected to occur on or about April 10, 2023.
For further details see:
Celularity announces $6M registered direct offering