Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 840

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 840
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.2 | % |
| Share price (USD)                   |     |  1.00 |   |

On September 30, 2020, 638,708 Series E1 warrants totaling USD $170 thousand expired. 2.645,706 non -marketablewarrants, each of which was exercisable for one Share for an exercise price of USD $1.46; the warrants were exercisable until December 31, 2021 (hereinafter, the “Series E2 Warrant”). The value of the Series E2 Warrants, USD $156 thousand, was determined according to the Black -Scholesmodel based on the following assumptions:

| Dividend yield for the share (%)    |     |     — |   |
| Expected share price volatility (%) |     | 67.14 | % |
| Risk-free interest rate (%)         |     |   0.2 | % |
| Share price (USD)                   |     |  1.02 |   |

The issuance of the Series E1 Warrants and Series E2 Warrants was approved by the Company’s Board of Directors on February 13, 2020. The issuance of the shares that would result from the exercise of the warrants was approved for listing by the TASE on March 12, 2020. On August 31, 2021, 67,884 Series E2 Warrants were exercised for USD $99 thousand (the exercise price). On December 31, 2021, 577,882 Series E2 Warrants, totaling USD $140 thousand, expired.

Annex G-34

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 18: — EQUITY (cont.) E.On April 25, 2021, after receiving the approval of the Company’s Board of Directors on April 21, 2021, the Company completed an issuance in the amount of USD $6.85 million by way of a private placement led by Clover Wolf, Clover Alpha (hereinafter, “Clover”) and Alpha Capital Anstalt — European investment fund, for USD $4.6 million and USD $2 million respectively, as well as a total of USD $0.22 million by 2 additional investors (hereinafter, the “Consideration”). Below are the primary terms of the private placement : 7,861,752 Shares, as well as 7,861,752 non -marketablewarrants