Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 492

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 492
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,000 in connection sale of 161,290 NLS Common Shares at a purchase price of $3.10 per share on January8, 2025 pursuant to the securities purchase agreement with an accredited investor, dated December4, 2024; (B)To record gross proceeds of $178,699 received in January 2025 related to exercise of warrants for a total of 76,847 NLS Common Shares in connection with the securities purchase agreement with certain accredited investors, dated October9, 2024, and pre -fundedwarrants provided to certain institutional investors upon execution of warrant amendment agreements; (C)To record net proceeds of $2,875,000 received in connection with the issuance of 1,249,904 preferred shares of NLS, CHF 0.03 par value per share (“Preferred Shares”), with a conversion price of $1.65 per share, 568,278 preferred participation certificates (“PPCs”), as well as warrants to purchase 1,181,818 NLS Common Shares at an exercise price of $1.80 per share, issued in the first closing dated March28, 2025 of a securities purchase agreement entered into with three accredited investors on March27, 2025 (the “March 2025 SPA”), and in the second closing on June27, 2025, as follows: (i) in the first closing dated March28, 2025, the Company issued 1,212,121 Preferred Shares and warrants to purchase 787,879 NLS Common Shares at an exercise price of $1.80 per share, and (ii) in the second closing dated June27, 2025, the Company issued 568,278 PPCs, 37,783 Preferred Shares, and warrants to purchase 398,939 NLS Common Shares at an exercise price of $1.80 per share. The net proceeds and related instruments have been reflected in the pro forma financial statements accordingly; (D)Adjustment to remove $104,963 of interest expenses related to loans converted at closing as noted above as if Merger took place January1, 2024; 273 (E)Adjustment to record additional non -recurringNLS transaction costs of approximately $550,000 for legal, audit and other professional service provider expenses and director and officer tail insurance that were not incurred or accrued as part of the transaction costs recorded as of December31, 2024 of $743,838. For the transactions costs incurred and recorded