Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 750

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 750
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 a letter from Cambrex Corporation, stating that as of December 1, 2023, the Company has an overdue balance for services completed under certain proposals by and between the Company, Cambrex High Point, Inc. and Avista Pharma Solutions, Inc. in the aggregate amount of $ 492,723. On October 10, 2024, the Company successfully settled the outstanding claim through a debt purchase agreement with an accredited investor, in the amount of $ 200,013, which effectively resolved the creditor claim. On August 21, 2024, the Company received a letter from Dunn Lambert LLC, the law firm representing Clinilabs, Inc., or Clinilabs, stating that a complaint had been filed in the Superior Court of New Jersey. The complaint concerns three unpaid invoices totaling $ 886,412plus interest at a rate of 6%. On June 1, 2023, Clinilabs entered into a start -upagreement with the Company. On December 4, 2023, the Company received five credit notes and two invoices from Clinilabs for services performed under the start -upagreement. On October 10, 2024, the Company successfully settled the outstanding claim through a debt purchase agreement with an accredited investor, in consideration of $ 500,223and 49,475common shares equal in value to $ 279,300, which effectively resolved the creditor claim. On December 11, 2023, the Company received a notice alleging several causes of action, including a failure to remit payment for services rendered by CoreRX. On October 10, 2024, the Company successfully settled the outstanding claim through a debt purchase agreement with an accredited investor, in the amount of $ 511,835, which effectively resolved the creditor claim. On June 11, 2024, the Company received a civil court complaint filed in the Civil Court of the City of New York by Chad Hellman, the former Chief Financial Officer of the Company. The Claimant is demanding approximately $ 35,171for unpaid consulting fees. The Company responded to the civil court complaint in July 2024. On October 3, 2024, Chad Hellman dismissed his claim. The Company successfully settled the outstanding claim through payment of $ 36,940to Chad Hellman on October 7, 2024. On August 27, 2024, the Company received correspondence from Université de Lausanne, initiating the official “audience de conc