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Globe and Mail
3 days ago
- Business
- Globe and Mail
Celularity Receives Nasdaq Notice Regarding Form 10-Q
FLORHAM PARK, N.J., May 30, 2025 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) ('Celularity' or the 'Company'), a cellular and regenerative medicine company, today announced that on May 28, 2025, Nasdaq notified the Company that it did not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025. Based on this latest notice, the Company is not in compliance with Listing Rule 5250 (c)(1), which requires the Company to timely file all required periodic financial reports with the Securities and Exchange Commission. The Notice received from Nasdaq has no immediate effect on the listing or trading of the Company's shares. Nasdaq has provided the Company 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company an exception until November 17, 2025, to regain compliance with the Nasdaq Listing Rules. The Company continues to work diligently to complete its Form 10-Q for the period ended March 31, 2025, after which the Company anticipates maintaining compliance with its SEC reporting obligations. About Celularity Celularity Inc. (Nasdaq: CELU) is a regenerative and cellular medicine company developing and commercializing advanced biomaterial products and allogeneic, cryopreserved, placental-derived 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. For more information, visit Forward-Looking Statements This press release includes 'forward-looking statements' (as defined under Federal securities laws). 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; and (iv) future demand for our products. 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.
Associated Press
3 days ago
- Business
- Associated Press
Celularity Receives Nasdaq Notice Regarding Form 10-Q
FLORHAM PARK, N.J., May 30, 2025 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) ('Celularity' or the 'Company'), a cellular and regenerative medicine company, today announced that on May 28, 2025, Nasdaq notified the Company that it did not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025. Based on this latest notice, the Company is not in compliance with Listing Rule 5250 (c)(1), which requires the Company to timely file all required periodic financial reports with the Securities and Exchange Commission. The Notice received from Nasdaq has no immediate effect on the listing or trading of the Company's shares. Nasdaq has provided the Company 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company an exception until November 17, 2025, to regain compliance with the Nasdaq Listing Rules. The Company continues to work diligently to complete its Form 10-Q for the period ended March 31, 2025, after which the Company anticipates maintaining compliance with its SEC reporting obligations. About Celularity Celularity Inc. (Nasdaq: CELU) is a regenerative and cellular medicine company developing and commercializing advanced biomaterial products and allogeneic, cryopreserved, placental-derived 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. For more information, visit Forward-Looking Statements This press release includes 'forward-looking statements' (as defined under Federal securities laws). 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; and (iv) future demand for our products. 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]
Associated Press
4 days ago
- Business
- Associated Press
QB Justin Fields thinks he can 'be great' in Jets' offense, but knows there's plenty of work to do
FLORHAM PARK, N.J. (AP) — Justin Fields has been the face of a franchise, a disappointing draft pick, a promising newcomer and an eager backup. And that's all in the span of his first four NFL seasons. The 26-year-old quarterback has never lost his confidence through it all and sees a potential opportunity to achieve what he has always wanted as a pro while now leading the New York Jets' offense. 'I think I can be great, you know?' Fields said Thursday after the Jets' fifth practice of organized team activities. 'That's been the goal for me my whole life, my whole career. Like I've said, I think the sky's the limit for this team, for this offense. But we do have a long way to go.' Fields has certainly come a long way himself. He was the 11th overall pick by Chicago in the 2021 draft out of Ohio State, became the Bears' starter early in his rookie season and showed some flashes — and struggles. He remained under center for most of the next two seasons and his ability to make plays with his legs made him an intriguing quarterback option, but his accuracy, decision-making and overall play had the Bears looking to move on. Fields was traded to Pittsburgh last year and filled in as the Steelers' starter for an injured Russell Wilson, going 4-2 in his six starts before hitting the sideline once the veteran was healthy. In March, Fields signed a two-year, $40 million contract with the Jets, who have tapped him to be their starter with the hope he can develop into a consistent playmaker in New York. 'I take to him because he's authentic and he's himself,' coach Aaron Glenn said last week. 'It's one thing that players can pick out is someone that's fake, and there's nothing about him that's fake. So, I love everything about the player, I love everything about the way he carries himself.' On the field, Fields' dual threat ability excites the Jets' coaching staff. 'Everybody talks about the running,' offensive coordinator Tanner Engstrand said Thursday. 'Well, the guy's got an arm, too. And he does a great job with that. And mentally, he's phenomenal.' Added quarterbacks coach Charles London: 'I really like where he's headed for us right now. I think the arrow is pointed up.' Fields might be able to gain some measure of revenge when the Jets open the regular season against the Steelers — who may or may not have Aaron Rodgers as their quarterback by then. But if Fields has that date circled, he's not letting on right now. 'Umm, that's who we play in Week 1,' Fields said when he saw the schedule. 'There wasn't really a thought to that.' Engstrand was Detroit's passing game coordinator the past three seasons and worked with more of a prototypical pocket quarterback in Jared Goff. Fields, who set the NFL regular-season, single-game rushing record for quarterbacks with 178 yards against Miami in 2022, could give New York's offense some unpredictable flair. 'I think it just opens things up more, that's all,' Engstrand said. 'It just adds a different another layer to what we can do with where we're going on offense.' Fields has spent much of the offseason learning the playbook and his teammates. There are some familiar faces from college, such as wide receiver Garrett Wilson, tight end Jeremy Ruckert and center Josh Myers. But there have also been group bonding trips — the offense and defense — to local golf simulators and crab boils. 'That camaraderie and that closeness that we're trying to get to as a team, I think all of that just makes us play for each other more, get to know each other better, and really just learn about each other's backgrounds,' Fields said. 'So it's really just things that you can't measure on the football field. But I think the closer our team is, the better we'll be.' On the field, though, what Fields is able to accomplish will likely go a long way to determining the Jets' success. 'They always say it's up to players to make plays when we need them the most,' he said. 'So it's not necessarily in the scheme or anything like that. 'But when it's time to make those plays in the game, when it's time to make something happen, that's what I'm going to do. And that's what the guys around me are going to do as well.' ___ AP NFL:
New York Times
22-05-2025
- Sport
- New York Times
How Justin Fields looked, and perfect attendance on a rainy day: Observations from Jets OTAs
FLORHAM PARK, N.J. — It was cold and wet on Wednesday at the Jets' practice facility, but everyone was there anyway. These workouts are all voluntary, yet there stood 91 men wearing Jets uniforms. That was the case on Tuesday and, Aaron Glenn is pretty sure, on Wednesday too. That's 100 percent attendance. No contract holdouts, no pre-planned vacations to faraway lands, just a young football team, out on the field, practicing together when they don't have to. That includes two stars seeking new contracts, still showing up to get to know their new teammates, their new coaches, their new quarterback. This might not amount to much in the end, but it's at least a sign that, in these early days, the new-look Jets are buying into the culture Glenn is trying to build. Advertisement Quinnen Williams might be more at liberty to speak on that than anyone; he's the second-longest tenured Jet behind long snapper Thomas Hennessy. Williams has bore witness to turmoil and turnover and a whole lot of losing. He's never sniffed the playoffs as a Jet. He's on his third head coach (fourth if you count 2024 interim coach Jeff Ulbrich) and third defensive coordinator, and it's the fourth time since Williams got here that the Jets have invested in a new quarterback (from Sam Darnold to Zach Wilson to Aaron Rodgers to Justin Fields). When the Jets announced Rodgers was being released in February, Williams — who hadn't spoken to Glenn yet at that point — vented his frustration on Twitter about the prospect of going through another rebuild. Then he spoke to Glenn, and now he's met him — Williams' tune has changed. He said he regrets sending the tweet, calling it immature, and said that understanding his new coach has changed his frame of mind. He sees it working on his teammates too. Just look at the perfect attendance. 'It just goes to show you the belief we have in the new staff, the new head coach and the new regime, the new organization and the way we want to get this thing going,' Williams said. 'Especially for the guys that have been here for the last two to three years, or four years, and want to go in the right direction to win football games.' Glenn, though, still feels the Jets are far away from finding out if his new culture is really permeating, really making a difference. 'The real sign of where your culture is really starting to get to where you want is when adversity hits,' Glenn said. 'And we haven't hit any adversity. What I do know is we have a lot of our guys here — all of our guys here. And that tells me one thing: Our guys are buying in. They believe. They don't have to be here. So when I look at culture right now, I look at how many guys are showing up, and how are they working.' Advertisement On Wednesday, media members got their first look at how the new-look Jets are working. Here are some observations from the second practices of OTAs… It was a light practice. They all are this time of the year — there is no tackling and no pads — but it was still at least notable watching Fields running things with the starters for the first time. His mobility and ability to escape pressure was obvious right away, and he had to evade pressure quite a bit during team drills. The defensive line tends to have the advantage this time of the year in team drills because of the lack of true contact, but by my count Fields was either heavily pressured or sacked on six of his 10 dropbacks during 11-on-11 drills. He was able to get away and gain some yards rushing on a couple occasions, but he didn't have a lot of time to take shots down the field. One thing was obvious right away though: Fields will be looking Garrett Wilson's way early and often this spring — and when the summer and fall roll around too. That shouldn't come as a surprise, but their connection back to their days at Ohio State is obvious, to the point that it seems like Fields is more comfortable trying to thread difficult throws to Wilson knowing there's a decent chance he'll find a way to come down with it. 'We've been picking up where we left off,' Wilson said. Two of Fields' four throws during seven-on-seven drills were completed to Wilson; on one of them, he hit Wilson on a slant in front of cornerback Brandon Stephens. In a two-minute drill at the end of practice in 11-on-11, Fields threw it a little away from Wilson but Wilson was still able to stretch his arms and make an impressive catch in the middle of the field. Tight end Jeremy Ruckert — another Ohio State alum — also received a heavy dose of work in team drills with Fields. Advertisement There weren't any particularly pretty passes, and Fields did miss an open tight end (Stone Smartt) down the field during that two-minute drill, but keep in mind that it was rainy, windy and this was his second practice with this group of players. All told, I had him completing 4 of 5 passes in 11-on-11 drills while getting sacked four or five times. The two-minute drill: Wilson catch, incompletion, sack, sack. Defensive end Will McDonald looks different — and not just because he changed his number from 99 to 9. McDonald is coming off a breakout season (10.5 sacks) and added 15 pounds of muscle to his frame since, something that the previous Jets coaching staff was pushing him to do since he came out of Iowa State as an undersized edge rusher. The new weight didn't seem to impact his explosiveness. McDonald was dominant on Wednesday, beating rookie tackle Armand Membou (and others) on a few occasions, quickly getting to Fields in the backfield. He would have had at least two sacks if the Jets were calling them. '(Bulking up) allows him to be able to set the edge a lot better,' Glenn said. 'He has a skillset as far as rushing the passer — I haven't been around a lot of guys like what we have with him. I'm going to enjoy seeing what he can do with us. We're going to let him loose, we're going to let him get the passer, that's what he does best.' Wilson admits he hasn't been great at hiding his emotions when he's frustrated — and he's been frustrated a lot through three NFL seasons, even if it's hard to blame him considering all the turmoil around him. Despite that, Wilson has consistently been one of the Jets' best players and a leader; he's showing up for voluntary OTAs even in an offseason when he wants a new contract. (Same for cornerback Sauce Gardner, by the way.) Not only has Wilson shown up for OTAs, but he was in attendance for every day of offseason workouts up to this point too. For him, it was never a question of whether he'd show up. The other stuff will work itself out. Advertisement 'I want to be a part of something special,' Wilson said. 'I don't think a whole bunch of individuals make something special. I wanted to get in and know my teammates. I wanted to get in and know my coaches, learn the new material they're putting out and not be the guy that's behind. There's a way you go about business when you love what you do, and stuff like that is not really an option. I get the opportunity to come out here and work, make myself better at the game I love, let's take advantage of it.' As for the contract: Wilson wants to be a Jet long-term. He said as much, the most declarative he's been about his future since the miserable 2024 season ended. 'I'm hopeful I'm a Jet for life and that we get this thing rolling, that all of our best days are ahead of us,' Wilson said. 'I'm going to do my part to make sure that it's undeniable when the time does come and those conversations are had, I'm going to try to do my part to make sure that it's undeniable.' Wilson also said there have been 'a few' of those conversations between the Jets and his agent about a new deal already. Glenn, for his part, understands what he has in Wilson. When the coach was asked what he learned about his top receiver, he answered simply: 'Give him the ball as much as possible.' • There could be a legitimate competition at center between Joe Tippmann and free-agent signee Josh Myers — something general manager Darren Mougey alluded to at the league meeting in March. 'Those guys are battling their asses off right now, just competing,' guard John Simpson said. 'They both are super intelligent and just fighting. They're warriors.' • Defensive tackle Byron Cowart had an impressive day rushing the passer. I had him with one or two sacks in team drills. Other sacks came from cornerback Michael Carter II, linebacker Quincy Williams and McDonald. Defensive end Rashad Weaver and defensive back Isaiah Oliver sacked Tyrod Taylor in team drills too. • In Taylor's two-minute drill, he threw a pass behind wide receiver Allen Lazard but Lazard was able to adjust and catch it while sliding on the ground. Taylor also completed a pass down the field to Tyler Johnson earlier in the day, though he also missed a couple of throws. Advertisement • Two undrafted rookies got some solid pressure on quarterback Adrian Martinez: defensive tackle Fatorma Mulbah and linebacker Aaron Smith. • In the kicking competition, Anders Carlson has the early edge over undrafted rookie Caden Davis. (Greg Zuerlein was released recently.) Carlson nailed a couple field goals from 50-plus and missed a shorter one wide left. Davis made his shorter ones and missed one from 50-plus. Both went 3 for 4 in bad weather conditions. • Defensive end Jermaine Johnson (Achilles) worked off on a side field with trainers; he's not expected to practice before training camp. Wide receiver Malachi Corley also appeared to leave early with a trainer but it's unclear why. (Photo of Garrett Wilson: Noah K. Murray / AP)
Associated Press
21-05-2025
- Sport
- Associated Press
Garrett Wilson is looking for a new deal and more wins, but says he hopes he's 'a Jet for life'
FLORHAM PARK, N.J. (AP) — Garrett Wilson has put up the type of receiving numbers few New York Jets players have. And in some cases, he's all alone in the team's record book. At just 24 and entering his fourth NFL season, the star wide receiver is looking for even more — catches, wins and a new contract. 'You know, I'm hopeful I'm a Jet for life,' Wilson said Wednesday after the Jets' first practice of organized team activities open to reporters. 'And that we get this thing rolling and that all of our best days are ahead of us.' Last month, the Jets exercised the fifth-year contract options for all three of their 2022 first-round draft picks, including Wilson, cornerback Sauce Gardner and edge rusher Jermaine Johnson. Wilson, the 10th overall selection that year — six picks after Gardner — would be due about $16.8 million in 2026, according to Over the Cap's projections. But Wilson acknowledged he and the Jets have had a few discussions 'here and there' about a contract extension, which he said would be 'a cherry on top' — one that could presumably make him among the richest wide receivers in the league. 'When the time does come and those conversations are being had,' he said, 'I'm going to try to do my part to make sure that it's undeniable.' With what he has accomplished so far, it would be tough to argue against him. Wilson was the AP Offensive Rookie of the Year in 2022 and, despite inconsistent quarterback play, has more than 1,000 yards receiving in each of his first three seasons — the first player in franchise history to do so. He has 279 catches for 3,249 yards and 14 touchdowns and is the first Jets player with three consecutive seasons of 80 or more receptions. And new coach Aaron Glenn doesn't anticipate that game plan changing. 'Give him the ball as much as possible, that's it,' Glenn said. 'That's awesome to hear,' Wilson said. 'But there's a lot of stuff that comes with it that it sparks in my head, too.' This season, he'll be reunited with his former college quarterback with Justin Fields set to be New York's starter. The two were teammates at Ohio State, with Wilson catching 66 passes from Wilson for 1,031 yards and nine touchdowns over 22 games during the 2019 and 2020 seasons. 'I didn't think we'd get this opportunity on this level,' Wilson said. 'So it's exciting. I'm still taking it in all the way. It's cool, it's cool. We've been definitely picking up where we left off.' That's a good sign for Wilson, who appeared a bit frustrated last season — particularly after then-quarterback Aaron Rodgers targeted Davante Adams more regularly down the stretch of New York's 5-12 season. While Wilson finished with career highs in catches (101), yards receiving (1,104) and touchdowns (seven), he had just two TD receptions in the last eight games and only one game during that stretch of 100 or more yards receiving. 'Yeah, as far as coming into this season, man, I don't ever forget the fact, no matter how bad it may seem, how ugly my face may look at that moment, bro, it's a blessing to do what I do,' Wilson said. 'And to have another opportunity to make right on what we did last year and what I did last year, that's enough for me, right? 'I have an opportunity coming up and as a competitor, as someone that loves football, that's all I need. I'm excited to be out here because this team believed in me initially. They still believe in me. And we have the opportunity to do something special.' Glenn said the Jets had 100% player attendance for the team's first OTA practice Tuesday and believed that was again the case Wednesday. That includes Wilson, who could have chosen to sit out the voluntary portion of the offseason while he tries to get a new deal. 'I want to be a part of something special,' he said. 'I don't think that a whole bunch of individuals makes something special. As a group aspect, this is a group thing and I wanted to get in and know my teammates. I want to get in to know my coaches, even. This is a new staff. Learn the material that they're putting out and not be the guy that's behind when this thing is mandatory (in minicamp in June), right? 'There's a way you go about business when you love what you do.' ___ AP NFL:
