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Celcuity Prices Upsized $500 Million Convertible Notes Offering

BY MT Newswires | CORPORATE | 04:00 AM EDT

04:00 AM EDT, 06/04/2026 (MT Newswires) -- Celcuity (CELC) said late Wednesday it has priced an upsized offering of $500 million of its 0.25% convertible senior notes due 2032.

Underwriters have been granted a 30-day option to purchase up to an additional $75 million of the notes. The offering, which was increased from the previous size of $400 million, is expected to close Monday.

The notes will be convertible based on an initial conversion rate of 8.0302 shares per $1,000 principal notes, which is equivalent to an initial conversion price of about $124.53 per share.

Proceeds from the offering will be used to repay all outstanding debt under the company's loan agreement with Oxford Finance. Remaining funds will support working capital, clinical trials, research and development, commercialization efforts, as well as other general corporate purposes.

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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