Celularity Inc. has announced a private placement agreement with an institutional investor, involving the issuance and sale of 1,230,769 shares of Class A common stock and warrants to purchase an equal number of shares. Priced at $1.625 per share and warrant, the transaction is expected to generate gross proceeds of $2 million for the company. The warrants come with an exercise price of $1.50 per share and are valid for two years from issuance. The net proceeds from this private placement will be allocated towards working capital and general corporate purposes.
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