Celularity regains compliance with Nasdaq listing rule

“The Company dealt with a set of challenges during the first half of 2025, including a significant secured debt overhang. As announced previously, we retired all senior secured debt and the associated general security interest on Company assets is now gone. Also in the first half of 2025, some since-resolved directional uncertainty around wound care product reimbursement policy added to the normal lag between commercial advanced biomaterial product sales and cash collections. Coming as it did on the heels of substantial growth in the second half of 2024 of our wound care related commercial product sales and Accounts Receivable, this factor contributed to working capital pressures during the first half of 2025. Today, however, we believe the Company is well positioned to access traditional working capital facilities, which we intend to use to fuel renewed wound care related sales growth and advance our three late stage 510(k) pipeline products, along with capitalizing on new opportunities like stem cell product sales in Florida and elsewhere,” said Robert J. Hariri, M.D., Ph.D., Celularity’s (CELU) Chairman and CEO