Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 533

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 533
---
inregistered shares, each with a par value of at least CHF 0.06(NLS Common Shares) (assuming a par value reduction per Share of CHF 0.027, a reverse split within a range of two -for-one(2:1) to twenty -for-one(20:1) and an issuance of 3,500,000 new shares, after par value reduction and reverse split, to the Kadimastem shareholders in the Merger). These new registered shares shall be issued at a price equaling the par value of the shares. The NLS Board shall determine the other issue conditions of the NLS Common Shares. 302 Participation Certificates and Profit-sharing Certificates As of the date of this proxy statement/prospectus, NLS has a participation capital (non -votingcapital) of CHF 18,193.56, divided into 606,452 fully paid -inparticipation certificates (Preferred Participation Certificates), with a par value of CHF 0.03 each. The PPCs are identical to the NLS Preferred Shares, including dividend rights, and liquidation preferences, but do not carry any voting rights. The NLS Preferred Shares bear voting rights under Swiss corporate law, unless contractually removed. As of December31, 2024, the NLS Preferred Shares were contractually non -voting. As of the date of this proxy statement/prospectus, the NLS Preferred Shares bear voting rights. However, the PPCs do not bear voting rights also from a Swiss corporate law perspective. As of the date of this proxy statement/prospectus, NLS has no profit -sharingcertificates (Genussscheine) outstanding. Treasury Shares per Swiss Corporate Law As of the date of this proxy statement/prospectus, NLS may hold NLS Common Shares in treasury per Swiss Corporate Law and may consider issuing additional NLS Common Shares to the Exchange Agent during a capital increase. Swiss law limits our right to purchase and hold our own shares. NLS and its subsidiaries may purchase shares only if and to the extent that (i) freely disposable equity capital is available in the required amount; and (ii) the combined par value of all such shares does not exceed 10% of the share capital. Pursuant to Swiss law, where shares are acquired in connection with a transfer restriction set out in the articles of association, the foregoing upper limit is 20%. We currently do not have any transfer restriction in our articles of association. If we