Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 100

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 100
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(k) a private business development
company, as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended;

(l) an organization described
in Section 501(c)(3) of the Internal Revenue Code, a corporation, a Massachusetts or similar business trust, or a partnership, or limited
liability company, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;

(m) any natural person holding
in good standing one or more professional certifications or designations or credentials from an accredited educational institution that
the Commission has designated as qualifying an individual for accredited investor status, which in determining whether to designate a
professional certification or designation or credential from an accredited educational institution for purposes of this paragraph, the
Commission will consider, among others, the following attributes:

(i), the certification,
designation, or credential arises out of an examination or series of examinations administered by a self-regulatory organization or other
industry body or is issued by an accredited educational institution,

(ii) the examination
or series of examinations is designed to reliably and validly demonstrate an individual’s comprehension and sophistication in the
areas of securities and investing,

(iii) persons obtaining
such certification, designation, or credential can reasonably be expected to have sufficient knowledge and experience in financial and
business matters to evaluate the merits and risks of a prospective investment, and

(iv) an indication
that an individual holds the certification or designation is either made publicly available by the relevant self-regulatory organization
or other industry body or is otherwise independently verifiable;

(n) a natural person who is
a “knowledgeable employee” as defined in Rule 3c5(a)(4) under the Investment Company Act of 1940 (17 CFR 270.3c-5(a)(41)),
of the issuer of the securities being offered or sold where the issuer would be an investment company, as defined in Section 3 of such
act, but for the exclusion provided by either Section 3(c)(1) or Section 3(c)(7) of such Act;

(o) any “family office”,
as defined in Rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940 (17CFR 275.202(a)(11)(G)-1) (the “Family Office Rule”),
with assets under management in excess of $5,000,000, that is not formed for