Celularity entered into a secured Loan Agreement with the Philip & Daniele Barach Family Trust for $1.0 million to bolster near-term liquidity. The loan carries 4.0% annual interest, rising to 18.0% upon default at the lender's election, and matures on the earlier of 30 days after closing or Celularity's receipt of gross proceeds from specified financing or strategic transactions. It is secured by a first-priority lien on substantially all personal property, subject to customary exclusions and permitted liens. The transaction is a related-party deal, and a waiver and subordination agreement from Robert J. Hariri, M.D. was a funding condition.
Agreement details:
- Agreement type: Secured short-term loan agreement
- Counterparty: Philip & Daniele Barach Family Trust
- Signed / Effective: Jun 29 2026 / same
- Duration / Termination: Up to 30 days or until financing proceeds received
- Reason: Bridge liquidity ahead of potential financing or strategic transactions
Original SEC Filing:
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