10:31 AM EDT, 07/30/2025 (MT Newswires) -- Celcuity ( CELC ) said Wednesday it has priced underwritten public offerings of its 2.750% convertible senior notes due 2031, and nearly 1.84 million common shares at $38 each or pre-funded warrants to buy up to 400,000 shares.

Underwriters have a 30-day option to buy up to an additional $26.3 million principal amount of convertible notes and up to additional 335,526 common shares, the company said.

Net proceeds from both offerings, expected to be about $248.7 million, will be allocated toward working capital and general corporate purposes, according to the company.

The common stock offering will likely close on Thursday, while the convertible notes offering is expected to close on Friday, Celcuity ( CELC ) said.

Shares of Celcuity ( CELC ) were up 7.9% in recent trading Wednesday.

Price: 41.55, Change: +3.05, Percent Change: +7.92