Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 124

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 124
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 costly, and may result in it incurring substantial legal and administrative expenses, as well as divert the attention of its management. Any such allegations, lawsuits or proceedings could have a material adverse effect on its business operations. Further, unfavorable outcomes from these claims or lawsuits could adversely affect its business, financial condition and results of operations. NLS believes that its current cash on hand and access to existing financing arrangements will not be sufficient to fund its projected operating requirements for a period of one year from the issuance of the financial statements included elsewhere in this proxy statement/prospectus. This raises substantial doubt about its ability to continue as a going concern. There can be no assurance that these funds will be available, or if they are available, their availability will be on terms acceptable to the Company or in an amount sufficient to enable the Company to fully complete its development activities, sustain operations or pay back its debt. NLS believes that its current cash on hand and access to existing financing arrangements will not be sufficient to fund its projected operating requirements for a period of one year from the issuance of the financial statements included elsewhere in this proxy statement/prospectus. This raises substantial doubt about its ability to continue as a going concern. NLS expects that NLS will be required to obtain additional liquidity in order to fund its operations through the approval of its lead product candidate. Until NLS can generate significant revenues, if ever, NLS expects to satisfy its future cash needs through debt, equity financing or income from a partnership deal. NLS cannot be certain that funding will be available to it on acceptable terms, if at all. If funds are not available, NLS may be required to delay, reduce the scope of, or eliminate research or development plans for, or commercialization efforts with respect to its products. NLS may ultimately be forced to file for bankruptcy if no funds are available either through a financing or a strategic partnership. Until NLS can generate significant revenues, if ever, NLS expects to satisfy its future cash needs through debt or equity financing. NLS cannot be certain that additional funding will be available to it on acceptable terms, if at all. NLS believes that its current cash on hand and access to existing financial arrangements will not be sufficient to fund its projected operating requirements for at least one year from the issuance of the financial statements included elsewhere in this proxy statement/prospectus. If funds are not available, NLS may be required to delay, reduce the scope of, or eliminate research or development plans for, or commercialization efforts with respect to its products