Form 8-K - Current report
May 24 2024 - 4:15PM
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2024-05-21
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 21, 2024
Celularity
Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-38914 |
|
83-1702591 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
170 Park Ave |
|
Florham Park, New Jersey |
|
07932 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s telephone number, including
area code: (908) 768-2170
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under
any of the following provisions:
|
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Class
A Common Stock, $0.0001 par value per share |
|
CELU |
|
The
Nasdaq Stock Market LLC |
Warrants,
each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
CELUW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of
Listing.
As
reported by Celularity Inc., or Celularity, in its Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission,
or SEC, on May 15, 2024, Celularity was unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, or the
Q1 2024 Form 10-Q, within the prescribed time period. The extension provided under Rule 12b-25 expired on May 20, 2024.
On
May 21, 2024, Celularity informed the Listing Qualifications department of the Nasdaq Stock Market LLC, or Nasdaq, that it failed to
timely file its Q1 2024 Form 10-Q within the extension period provided by Rule 12b-25 because Celularity
has not yet completed the preparation of the financial statements for the quarter ended March 31, 2024 due to delays in filing its
Annual Report on Form 10-K for the year ended December 31, 2023, or the 2023 Form 10-K. On May 21, 2024, Nasdaq provided formal notice
to Celularity that as a result of Celularity’s failure to timely file its Q1 2024 10-Q, and because Celularity remains delinquent
in filing its 2023 Form 10-K, as previously reported on Form 8-K filed by Celularity with the SEC on April 22, 2024, Celularity does
not comply with the continued listing requirements under the timely filing criteria outlined in Nasdaq Listing Rule 5250(c)(1). Nasdaq’s
notice has no immediate effect on the listing of Celularity’s common stock and warrants, which continue to trade on the Nasdaq
Capital Market under the symbols “CELU” and “CELUW”, respectively.
Celularity
is required to submit to Nasdaq a plan to regain compliance with respect to these delinquent reports no later than June 17, 2024, and
if accepted by Nasdaq, Celularity has a maximum of 180 calendar days from the 2023 Form 10-K due date, or until or until October 14,
2024, to implement the plan to regain compliance. Celularity intends to submit a plan to Nasdaq by June 17, 2024 and will evaluate available
options to regain compliance within the compliance period. However, there can be no assurance that Nasdaq will accept the plan, Celularity
will regain compliance within the compliance period, or maintain compliance with the other Nasdaq listing requirements.
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 |
v3.24.1.1.u2
Cover
|
May 21, 2024 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
May 21, 2024
|
Entity File Number |
001-38914
|
Entity Registrant Name |
Celularity
Inc.
|
Entity Central Index Key |
0001752828
|
Entity Tax Identification Number |
83-1702591
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
170 Park Ave
|
Entity Address, City or Town |
Florham Park
|
Entity Address, State or Province |
NJ
|
Entity Address, Postal Zip Code |
07932
|
City Area Code |
(908)
|
Local Phone Number |
768-2170
|
Written Communications |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
Class A Common Stock, $0.0001 par value per share |
|
Title of 12(b) Security |
Class
A Common Stock, $0.0001 par value per share
|
Trading Symbol |
CELU
|
Security Exchange Name |
NASDAQ
|
Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
Title of 12(b) Security |
Warrants,
each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
|
Trading Symbol |
CELUW
|
Security Exchange Name |
NASDAQ
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