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Celularity Inc has signed a big deal to raise up to $25 million.

New sharesRead the original at SEC EDGAR
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Celularity received about $11 million in cash, but must pay interest and repay the notes. The notes and warrants could also create more shares, so the filing alone does not show which effect matters more to its business.

CELU · Celularity Inc

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The $11 million in cash gives Celularity money for its business. But it is borrowed money, with 10% yearly interest and repayment due in 24 months. The notes can become shares, and warrants can add more shares. The filing gives no details about the company's cash needs, so it does not show whether the funding or its costs matter more.

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