Celularity Inc. entered into a standby equity purchase agreement with new investor YA II PN, Ltd., a fund managed by Yorkville Advisors Global LP for issuance of class A common shares for gross proceeds of $10 million on March 13, 2024. The company will receive funding in 36 months period. The company paid to the investors $25,000 as cash due diligence fee and a commitment fee equal to 16,964 shares of common stock.
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- Celularity Inc. announced that it expects to receive $10 million in funding from Yorkville Advisors Global LP