Celularity Faces Nasdaq Delisting Notice
Ticker: CELUW · Form: 8-K · Filed: May 24, 2024 · CIK: 1752828
Sentiment: bearish
Topics: delisting, listing-standards, sec-filing
Related Tickers: CELU
TL;DR
Celularity got a delisting warning from Nasdaq, might be in trouble.
AI Summary
Celularity Inc. received a notice on May 21, 2024, indicating it failed to meet the continued listing standards of the Nasdaq Capital Market. The company is currently evaluating its options in response to this notice.
Why It Matters
This notice suggests potential financial distress or operational challenges for Celularity, which could impact its ability to trade on a major exchange and affect investor confidence.
Risk Assessment
Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq indicates significant non-compliance with listing rules, often due to financial or operational issues, posing a substantial risk to the company and its investors.
Key Players & Entities
- Celularity Inc. (company) — Registrant
- Nasdaq Capital Market (company) — Listing Exchange
- May 21, 2024 (date) — Date of Notice
FAQ
What specific continued listing rule did Celularity Inc. fail to satisfy?
The filing states that Celularity Inc. received a notice regarding its failure to satisfy a continued listing rule or standard, but the specific rule is not detailed in this 8-K filing.
What is the date of the notice of delisting or failure to satisfy a continued listing rule?
The date of the earliest event reported, which is the notice, is May 21, 2024.
What actions is Celularity Inc. considering in response to the notice?
The filing indicates that Celularity Inc. is evaluating its options in response to the notice, but specific actions are not detailed.
What is Celularity Inc.'s former company name and date of name change?
Celularity Inc.'s former company name was GX Acquisition Corp., and the date of the name change was September 12, 2018.
Where is Celularity Inc. incorporated and what is its IRS Employer Identification No.?
Celularity Inc. is incorporated in Delaware and its IRS Employer Identification No. is 83-1702591.
Filing Stats: 753 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-05-24 17:15:39
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share CELU The Nasdaq
- $11.50 — A Common Stock at an exercise price of $11.50 per share CELUW The Nasdaq Stock Ma
Filing Documents
- form8-k.htm (8-K) — 43KB
- 0001493152-24-021404.txt ( ) — 258KB
- celu-20240521.xsd (EX-101.SCH) — 4KB
- celu-20240521_def.xml (EX-101.DEF) — 26KB
- celu-20240521_lab.xml (EX-101.LAB) — 36KB
- celu-20240521_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
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. CELULARITY INC. Date: May 24, 2024 By: /s/ Robert J. Hariri Robert J. Hariri, M.D., Ph.D. Chairman and CEO