Celcuity Inc. has announced a significant financial development involving the issuance and potential conversion of its debt instruments. On July 30, 2025, the company entered into an underwriting agreement to issue $175 million in 2.750% Convertible Senior Notes due 2031. These notes will accrue interest semiannually and come with an option for the underwriters to purchase an additional $26.25 million to cover over-allotments. Notably, these notes can be converted into common stock at an initial rate of 19.4932 shares per $1,000 principal amount, equivalent to a conversion price of approximately $51.30 per share. Furthermore, the notes are redeemable under specific conditions from August 6, 2029, onwards. This strategic financial move aligns with Celcuity's broader goals to optimize capital structure and enhance shareholder value.
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