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Celularity Inc. Authorizes Issuance of Series A Convertible Preferred Stock
CELU
Convertible Preferred Issuance
- Celularity Inc. (CELU) authorized the issuance of 6,000,000 shares of Series A Convertible Preferred Stock via unanimous written consent on October 24, 2025.
- The company will issue up to $6,666,667 in stated value of Series A Convertible Preferred Stock, with each share having a stated value of $1.111111 and purchased at 90% of its stated value.
- The Series A Convertible Preferred Stock carries a dividend rate of 5.0% per annum, which increases to 18.0% per annum during a Triggering Event, and has a maturity date of twelve months after its initial issuance.
- Key conversion terms include a Floor Price of $1.60 per share and a Beneficial Ownership Limitation of 4.99% of the outstanding Common Stock.
Oct 28, 2025, 1:29 PM
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