Jun. 4 at 7:10 AM
$CELC The market got the details. Upsized to
$460M, only 0.25% interest, and a conversion price around
$127/share. That’s a meaningful premium to where CELC trades today and suggests strong institutional demand. The financing overhang is largely removed, Oxford debt gets addressed, and the company is funded to advance gedatolisib. Not the terms you’d expect if institutions thought the data wasn’t real.