Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 351

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 351
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 pre -fundedwarrants provided to a certain institutional investor on September16, 2024 upon entering a warrant amendment agreement; (E)To record gross proceeds of $178,699 related to exercise of warrants for a total of 76,847 common shares in connection with October Equity Purchase Agreement and pre -fundedwarrants provided to certain institutional investors upon execution of warrant amendment agreements; (F)Adjustment to record satisfaction of $4.0million of Company debt by issuing 806,452 newly designated convertible preferred shares at a purchase and conversion price of $4.96 per share 806,452 in connection with a securities purchase agreement entered on October10, 2024 with an accredited investor. Upon execution of the December SPA agreed on January9, 2025 to satisfy the anti -dilutionand rachet rights the conversion price was adjusted to $3.10; 196 (G)Adjustments for reduction in $434,284 in accounts payable, $143,897 trade payables and $143,630 in accrued pension liability because of successfully implemented restructuring measures resulting in decreased payments to vendors, reduction in bonus accruals and employee related costs associated with the six months ending June30, 2024; (H)Adjustment to record the conversion of related party debt holders for a total of $2,788,650 into 493,986 common shares on October10, 2024, as a result of successfully implemented restructuring measures. The conversion was facilitated through an ordinary capital increase thereby providing the necessary shares for the debt holders and converted $1,512,319 in loans from related parties and $1,276,331 in trade payables to related parties; (H)Adjustment to remove $75,973 of interest expenses related to loans converted at closing as noted above as if merger took place January1, 2023, for the six months ended June30, 2024; (H)Adjustment to remove $25,234 of interest expenses related to loans converted at closing as noted above as if merger took place January1, 2023, for the twelve months ended December31, 2023; (I)Adjustment to record non -recurringNLS transaction costs of approximately $1,050,000 for legal, audit and other professional service provider expenses and director and officer tail insurance that were not incurred or accrued as of June30, 2024. All transactions costs were incurred and recorded subsequent to June30, 2024 and $500