Celcuity Inc. Enters Material Definitive Agreement
Ticker: CELC · Form: 8-K · Filed: Mar 29, 2024 · CIK: 1603454
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Celcuity Inc. signed a big deal, creating a new financial obligation.
AI Summary
Celcuity Inc. announced on March 29, 2024, that it entered into a material definitive agreement. This agreement creates a direct financial obligation for the company. Further details regarding the specific agreement and its financial implications are provided within the filing.
Why It Matters
This filing indicates Celcuity Inc. has entered into a significant agreement that will create a financial obligation, potentially impacting its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement that creates a direct financial obligation can introduce new risks related to the terms and execution of that agreement.
Key Players & Entities
- Celcuity Inc. (company) — Registrant
- March 29, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Celcuity Inc. enter into?
The filing states that Celcuity Inc. entered into a material definitive agreement, but does not specify the exact nature of the agreement in the provided text.
What is the nature of the financial obligation created by this agreement?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, but the specific details of this obligation are not elaborated in the provided text.
When was this material definitive agreement reported?
The earliest event reported in relation to this agreement was on March 29, 2024.
What is Celcuity Inc.'s principal executive office address?
Celcuity Inc.'s principal executive offices are located at 16305 36th Avenue North, Suite 100, Minneapolis, Minnesota 55446.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 809 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-03-29 17:15:18
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share CELC The Nasdaq
- $75.0 million — ment may provide the Company with up to $75.0 million through funding of up to five term loan
- $15.0 million — o five term loans. Funding of the first $15.0 million term loan occurred on April 8, 2021 in
- $20.0 million — inal Loan Agreement while an additional $20.0 million loan occurred on December 22, 2022 in c
- $100 million — g of the Company's previously disclosed $100 million private placement on December 9, 2022.
- $10.0 million — ecame eligible to draw on an additional $10.0 million term loan (the "Term C Loan") upon its
Filing Documents
- form8-k.htm (8-K) — 40KB
- ex10-1.htm (EX-10.1) — 40KB
- 0001493152-24-012030.txt ( ) — 256KB
- celc-20240329.xsd (EX-101.SCH) — 3KB
- celc-20240329_lab.xml (EX-101.LAB) — 33KB
- celc-20240329_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 29, 2024 CELCUITY INC. By /s/ Brian F. Sullivan Brian F. Sullivan Chief Executive Officer