On July 30, 2025, Celcuity Inc. entered an agreement to issue $175 million in 2.750% Convertible Senior Notes due 2031, increasing to $201.25 million after underwriters exercised an option; the company expects to use proceeds for working capital and corporate purposes. Notes allow conversion into shares of common stock, with interest starting February 1, 2026, and total proceeds after expenses are about $194.5 million.