Vericel Corp. (VCEL)

[realfast95]

Warrant! that wasn't in the press release

8K

In connection with the entry into the Loan Modification Agreement, the Company will issue each of MidCap Funding XXVIII Trust and Silicon Valley Bank a warrant (the “Warrants”) to purchase, at an exercise price of $4.267 per share, an aggregate number of shares of the Company’s common stock, equal to the warrant purchase price of $115,000 divided by $4.267, rounded down to the nearest whole number. The Warrants will be exercisable until December 6, 2023.



The foregoing description of the terms of the Warrants is only a summary and is qualified in its entirety by reference to the Form of Warrant, a copy of which is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference.