Company: NCEL
Filing Date: 2025-06-09
Form Type: F-4/A
Source: 0001213900-25-052354
Chunk: 791

Company: NewcelX Ltd.
Filing Date: 2025-06-09
Form: F-4/A
Chunk 791
---
 until April 30, 2023, against a cash payment of an exercise price of NIS 4.4 (USD $1.35); A “vesting event” was defined as the Company’s completion of a public financing process in an amount not less than NIS 10,000,000 (USD $3,113,000) (net of interested party investments in the Company, as applicable) during the period that began after the completion of this issuance and ends on October 30, 2021 (see Note 18F). The warrants’ value, USD $2,389,000, was determined according to the Black -Scholesmodel based on the following assumptions:

| Expected share price volatility (%) |     | 74% – 75%    |
| Risk-free interest rate (%)         |     | 0.1%         |
| Share price (USD)                   |     | 1.129 – 1.05 |

As of July 9, 2021, the receipt of the total Consideration according to the investment agreements was completed, at USD $6,859 thousand, and after deducting the issuance expenses, USD $346,000, the Company received a total of USD $6,513,000. On April 30, 2023, 3,930,876 non -marketableequity -basedSeries B1 and B2 warrants expired. F.On October 21, 2021, the Company’s Board of Directors gave its approval, following approval of the audit committee, for a private investment in the Company in the aggregate amount of USD $2.94 million (NIS 9.45 million) by way of a private placement and the exercise of non -marketablewarrants (Series A). In accordance with the investment agreement, the 5 investors who had participated in the April 25, 2021 private placement led by Clover and Alpha Fund would exercise their Series A warrants early. In exchange for investors immediately exercising their Series A Warrants, in a total amount of USD $2.94, whose expiration date is July 31, 2022, and accordingly would inject an investment into the Company that totals USD $2.94 million, in return, such investors would be issued 2,158,783 Series C warrants, with an exercise price per warrant of USD $2 (NIS 7) until December 31, 2023. Until December 31, 2021, 1,