Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 799

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 799
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 we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. /s/ Kost Forer Gabbay & Kasierer A member of Ernst & Young Global We have served as the Company’s auditor since 2008.
Tel -Aviv, Israel June5, 2025

Annex G-2

Kadimastem Ltd.STATEMENTS OF FINANCIAL POSITION

|                                                         |     |      |     |     December 31, |   |     |         |    |
|                                                         |     | Note |     |             2024 |   |     |    2023 |    |
|                                                         |     |      |     | USD in thousands |   |     |         |    |
| CURRENT ASSETS                                          |     |      |     |                  |   |     |         |    |
| Cash and cash equivalents                               |     |    4 |     |              650 |   |     |   1,146 |    |
| Accounts receivable                                     |     |    5 |     |              130 |   |     |     451 |    |
| Total current assets                                    |     |      |     |              780 |   |     |   1,597 |    |
| NON-CURRENT ASSETS                                      |     |      |     |                  |   |     |         |    |
| Pledged cash                                            |     |      |     |                — |   |     |     170 |    |
| Right of use assets                                     |     |    6 |     |                — |   |     |     312 |    |
| Property and equipment                                  |     |    7 |     |              123 |   |     |     228 |    |
| Total non