Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 515

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 515
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LS Common Shares issuable upon conversion of 370,093 PPCs within 60 days of August 28, 2025, and (iv) 13,969,675 NLS Common Shares issuable upon exercise of pre -fundedwarrants exercisable within 60 days of August 28, 2025. The common warrants are subject to a beneficial ownership limitation of 9.99%, and the pre -fundedwarrants are subject to a beneficial ownership limitation of 4.99% (or upon election of Alpha, 9.99%). Such limitation restricts Alpha from exercising that portion of the warrants that would result in Alpha and its affiliates owning, after exercise, a number of NLS Common Shares in excess of the beneficial ownership limitation. As a result, the number of NLS Common Shares reflected in the table owned by Alpha includes (a) any outstanding NLS Common Shares held by such shareholder, and (b) if any, the number of NLS Preferred Shares and warrants convertible into NLS Common Shares that the holder has the right to acquire within 60 days of August 28, 2025 without such holder or any of such holder’s affiliates beneficially owning more than the beneficial ownership limitation of 9.99%. The address for Alpha is Lettstrasse 32, Vaduz 9490, Liechtenstein. Nicola Feuerstein, a Director of Alpha, holds voting and dispositive power over the securities held by Alpha. 281 SWISS TAX CONSIDERATIONS The following description is not intended to constitute a complete analysis of all tax consequences relating to the ownership or disposition of our shares. You should consult your own tax advisor concerning the tax consequences of your particular situation, as well as any tax consequences that may arise under the laws of any state, local, foreign, including Swiss, or other taxing jurisdiction. Moreover, only potential tax consequences from the perspective of the shareholders of NLS are outlined. This summary of material Swiss tax consequences is based on Swiss law and regulations and the practice of the Swiss tax administration as in effect on the date hereof, all of which are subject to change (or subject to changes in interpretation), possibly with retroactive effect. The summary does not purport to take into account the specific circumstances of any particular shareholder or potential investor and does not relate to persons in the business of buying and selling NLS Common Shares, NLS Preferred Shares or other securities. The summary is not intended to be, and should not be interpreted as, legal or