Loan & DebtApr 21, 2026, 09:13 AM
Celularity Issues $1.97M Convertible Note at 18% Interest
AI Summary
Celularity Inc. has issued a Convertible Promissory Note totaling $1,970,502.58 to Helena Special Opportunities LLC. The note, dated April 16, 2026, accrues interest at an annual rate of 18.0% and is set to mature on October 16, 2026. This financing arrangement provides the company with capital, albeit at a significant interest cost.
Key Highlights
- Celularity Inc. issued a Convertible Promissory Note for $1,970,502.58.
- The note was issued to Helena Special Opportunities LLC on April 16, 2026.
- It carries an annual interest rate of 18.0%.
- The maturity date for the note is October 16, 2026.
- A default interest rate of 15% compounded annually applies.
Price Impact
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