Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 99

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 99
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or

5. The investor is an entity, all of the owners
of which are accredited investors; or

6. (a) a bank as defined in Section 3(a)(2) of
the Act or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Act whether acting in its individual
or fiduciary capacity;

(b) any broker or dealer registered
pursuant to Section 15 of the Securities Exchange Act of 1934, as amended;

(c) an investment adviser
registered pursuant to Section 203 of the Investment Advisers Act of 1940 or registered pursuant to the laws of a state;

(d) any investment adviser
relying on the exemption from registering with the Commission under Section 203(l) or (m) of the Investment Advisers Act of 1940 or registered
pursuant to Section 203 of the Investment Advisers Act of 1940;

(e) an insurance company as
defined in Section 2(13) of the Act;

(f) an investment company
registered under the Investment Company Act of 1940, as amended (the “Investment Act”) or a business development company as
defined in Section 2(a)(48) of the Investment Act;

(g) a Small Business Investment
Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958, as
amended;

(h) a Rural Business Investment
Company as defined in Section 384A of the Consolidated Farm and Rural Development Act;

(i) an employee benefit plan
established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions,
for the benefit of its employees, where such plan has total assets in excess of $5,000,000;

(j) an employee benefit plan
within the meaning of Title 1 of the Employee Retirement Income Security Act of 1974, as amended (the “Employee Act”), where
the investment decision is made by a plan fiduciary, as defined in Section 3(21) of the Employee Act, which is either a bank, savings
and loan association, insurance company, or registered investment adviser, or an employee benefit plan that has total assets in excess
of $5,000,000, or a self-directed plan the investment decisions of which are made solely by persons that are accredited investors;

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