Celularity Inc. raised $12.2 million from selling New Jersey net operating losses and R&D tax credits to enhance liquidity.
Quiver AI Summary
Celularity Inc., a company focused on regenerative and cellular medicine, has announced the successful sale of approximately $126.3 million in unused New Jersey net operating losses (NOLs) and $1.9 million in research and development tax credits, resulting in net cash proceeds of $12.2 million. This transaction was facilitated through the New Jersey Technology Business Tax Certificate Transfer Program, which allows technology and life sciences companies in New Jersey to convert their NOLs and tax credits into cash. The funds received will provide non-dilutive, tax-free capital to strengthen Celularity's balance sheet and enhance liquidity, supporting the company’s initiatives in developing therapies targeting aging and human performance. CEO Dr. Robert J. Hariri expressed gratitude to the New Jersey Economic Development Authority for their support in this program, which benefits technology-based firms like Celularity.
Potential Positives
- Celularity received $12.2 million in net cash proceeds from the sale of its unused New Jersey net operating losses and R&D tax credits, enhancing its cash position.
- The funds received provide non-dilutive, tax-free capital, which improves the company's balance sheet and liquidity.
- The transaction supports disciplined capital allocation to company programs targeting longevity and regenerative medicine, which aligns with emerging market trends.
- The press release emphasizes the collaborative support from the New Jersey Economic Development Authority, highlighting a positive relationship with state authorities that may benefit future initiatives.
Potential Negatives
- Relying on the sale of unused net operating losses and tax credits for cash raises concerns about the company's financial independence and core revenue generation capabilities.
- The need to leverage state programs for funding may indicate challenges in securing traditional financing or investment.
- The reliance on forward-looking statements suggests a level of uncertainty in the company's future performance and potential vulnerabilities in execution.
FAQ
What financial milestone did Celularity achieve recently?
Celularity announced receipt of $12.2 million from the sale of unused New Jersey net operating losses and research tax credits.
How does the Technology Business Tax Certificate Transfer Program benefit Celularity?
This program allows Celularity to convert unused NOLs and R&D tax credits into cash, enhancing liquidity and supporting growth.
Who administers the program that facilitated Celularity's recent financial gain?
The New Jersey Economic Development Authority (NJEDA) administers the Technology Business Tax Certificate Transfer Program.
What are Celularity's main areas of focus?
Celularity focuses on regenerative medicine, cellular therapies, and addressing aging-related health issues through innovative treatments.
Where can I find more information about Celularity's products and services?
Additional information can be found on Celularity's official website at www.celularity.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CELU Hedge Fund Activity
We have seen 13 institutional investors add shares of $CELU stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- YORKVILLE ADVISORS GLOBAL, LP removed 100,000 shares (-50.0%) from their portfolio in Q3 2025, for an estimated $206,999
- RENAISSANCE TECHNOLOGIES LLC added 29,800 shares (+244.3%) to their portfolio in Q3 2025, for an estimated $61,685
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 26,410 shares (+inf%) to their portfolio in Q3 2025, for an estimated $54,668
- GROUP ONE TRADING LLC removed 25,173 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $52,108
- ROYAL BANK OF CANADA removed 22,500 shares (-55.6%) from their portfolio in Q3 2025, for an estimated $46,575
- XTX TOPCO LTD removed 21,452 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $44,405
- GEODE CAPITAL MANAGEMENT, LLC added 20,876 shares (+15.0%) to their portfolio in Q4 2025, for an estimated $23,172
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CELU Analyst Ratings
Wall Street analysts have issued reports on $CELU in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- WBB Securities issued a "Buy" rating on 09/09/2025
To track analyst ratings and price targets for $CELU, check out Quiver Quantitative's $CELU forecast page.
Full Release
FLORHAM PARK, N.J., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) (“Celularity”), a longevity-focused regenerative and cellular medicine company, today announced receipt of $12.2 Million in net cash proceeds from the sale of approximately $126.3 Million of its unused New Jersey net operating losses (NOLs) and $1.9 Million of unused New Jersey research and development (R&D) tax credits.
The NOLs and R&D tax credits sale was administered through New Jersey’s Technology Business Tax Certificate Transfer Program, which enables qualified New Jersey-based technology and life science companies to sell their New Jersey NOLs and R&D tax credits for cash to buyers who purchase and apply the credits to reduce taxable income. The program is operated by the New Jersey Economic Development Authority (NJEDA), which serves as the State’s principal agency for driving economic growth.
“The funds Celularity received under this program provide non-dilutive, tax-free capital that strengthens our balance sheet and enhances liquidity as well as supports disciplined capital allocation to commercial opportunities for our GMP-level stem cell and other cell therapies and regenerative medicine programs, all targeting longevity and the preservation of human performance,” said Robert J. Hariri, M.D., Ph.D., Chairman and Chief Executive Officer of Celularity. “We are grateful to the New Jersey Economic Development Authority (NJEDA) for their assistance in administering this valuable program supporting technology companies like Celularity,” added Dr. Hariri.
About Celularity
Celularity Inc. (Nasdaq: CELU) is a regenerative and aging-related cellular medicine company developing, manufacturing, and commercializing advanced biomaterial products and allogeneic and autologous cell therapies, all derived from the postpartum placenta. Celularity believes that by harnessing the placenta’s unique biology and ready availability, it can develop therapeutic solutions that address significant unmet global needs for effective, accessible, and affordable therapies that target fundamental aging mechanisms like cellular senescence, age-related chronic inflammation, and tissue degeneration. For more information about Celularity and its cutting-edge regenerative medicine solutions, please visit www.celularity.com.
Forward Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding: (i) our future sales or sales growth; (ii) our expectations for future financial results, including levels of net sales; (iii) our expectations regarding new products including our 510K products; (iv) our ability to execute our strategic priorities, including advancing our core technologies and aligning our operations and organizational structure with those priorities; (v) future demand for our products; and (vi) the anticipated benefits of the financing transactions. All statements other than statements of historical facts are “forward-looking statements,” including those relating to future events. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “can,” “could,” “continue,” “expect,” “improving,” “may,” “observed,” “potential,” “promise,” “should,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances). Forward-looking statements are based on Celularity’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Many factors could cause actual results to differ materially from those described in these forward-looking statements, including those risk factors set forth under the caption “Risk Factors” in Celularity’s annual report on Form 10-K and Form 10-K/A for the year ended December 31, 2024, filed with the Securities and Exchange Commission (SEC) on May 8, 2025 and May 21, 2025, respectively, and other filings with the SEC. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Celularity does not presently know, or that Celularity currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, these forward-looking statements reflect Celularity’s current expectations, plans, or forecasts of future events and views as of the date of this communication. Subsequent events and developments could cause assessments to change. Accordingly, forward-looking statements should not be relied upon as representing Celularity’s views as of any subsequent date, and Celularity undertakes no obligation to update forward-looking statements contained herein, whether because of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.
Carlos Ramirez
Senior Vice President, Celularity Inc.
[email protected]