Celularity Secures Up to $12M in Funding

Dow Jones
2025/12/19
 

By Katherine Hamilton

 

Celularity entered into two binding term sheets for a senior secured term loan and a secured convertible note, adding up to $12 million in new financing.

The cellular medicine company said Thursday it expects initial proceeds of $10 million with the availability of additional funding up to $2 million subject to certain conditions.

The funding is from Philip Barach, the co-founder and former president of DoubleLine Capital, a Los Angeles investment-management firm.

The senior secured term loan has a stated principal amount of $7 million.

The convertible notes provide for aggregate commitments of up to $5 million, issuable in multiple tranches. They are convertible into shares of Celularity's Class A stock at a conversion price of $1.66 a share.

In connection with the transactions, Celularity has agreed to issue warrants to purchase shares of its Class A common stock equal to 33% of the as-converted principal amount. The warrants will become exercisable six months after the issuance and have an exercise price of $2 a share.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

December 18, 2025 14:33 ET (19:33 GMT)

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