Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 156

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 156
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 the Company in writing by or on behalf of the Investor expressly for use therein. Nothing has come to the attention of the Company
that has caused the Company to believe that the statistical, demographic and market-related data included in the Registration Statement
and Prospectus are not based on or derived from sources that are reliable and accurate in all material respects. The Commission has not
issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company under the Securities
Act or the Exchange Act.

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(b) The
consolidated financial statements of the Company included or incorporated by reference in the Commission Documents, together with the
related notes and schedules, present fairly, in all material respects, the consolidated financial position of the Company and its then
consolidated subsidiaries as of the dates indicated, and the consolidated results of operations, cash flows and changes in shareholders’
equity of the Company and its then consolidated subsidiaries for the periods specified and have been prepared in all material respects
in compliance with the published requirements of the Securities Act and the Exchange Act, as applicable, and in conformity with generally
accepted accounting principles in the United States (“GAAP”) applied on a consistent basis. The pro forma condensed
combined financial statements and the pro forma combined financial statements and any other pro forma financial statements or data included
or incorporated by reference in the Commission Documents comply with the requirements of Regulation S-X of the Securities Act, including,
without limitation, Article 11 thereof, and the assumptions used in the preparation of such pro forma financial statements and data are
reasonable, the pro forma adjustments used therein are appropriate to give effect to the circumstances referred to therein and the pro
forma adjustments have been properly applied to the historical amounts in the compilation of those statements and data. The other financial
and statistical data with respect to the Company and the Subsidiaries contained or incorporated by reference in the Commission Documents,
if any, are accurately and fairly presented and prepared on a basis consistent with the financial statements and books and records of
the Company. There are no financial statements (historical or pro forma) that are required to be included or incorporated by reference
in the Commission Documents that are not included or incorporated by reference as required. The Company and the Subsidiaries do not have
any material liabilities or obligations, direct or contingent (including any off-balance sheet obligations or any “variable interest
entities” as that term is used in Accounting Standards Codification Paragraph 810-10