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Celcuity Plans $400 Million Convertible Notes Offering

BY MT Newswires | CORPORATE | 07:59 AM EDT

07:59 AM EDT, 06/03/2026 (MT Newswires) -- Celcuity (CELC) said Wednesday it plans to issue $400 million in convertible senior notes due 2032 through an underwritten public offering.

The company said it intends to grant underwriters a 30-day option to purchase up to an additional $60 million of notes for over-allotments.

Celcuity (CELC) said the terms, including interest and conversion rates, will be determined at pricing.

The company said it plans to use the proceeds to fully repay its existing debt under its Oxford Finance credit facility, as well as for working capital and general corporate purposes.

Shares of Celcuity (CELC) were down 4.5% in premarket activity Wednesday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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