| Issuer / Guarantor | Celcuity Inc |
|---|---|
| Size | USD 201.25mn |
| Type | Convertible |
| Leads | Jefferies, TD Cowen, Leerink Partners |
| Maturity | 01 Aug 2031 (6 years) |
| Coupon | 2.75% (3 - 3.5%) |
| Premium | 35% (25 - 30%) |
| Calls | NC4; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Apr 2031 (5.7 yrs) |
| Announced | 28 Jul 2025 |