Company: NCEL
Filing Date: 2025-06-09
Form Type: F-4/A
Source: 0001213900-25-052354
Chunk: 94

Company: NewcelX Ltd.
Filing Date: 2025-06-09
Form: F-4/A
Chunk 94
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raisal Rights (Page 307) The Israeli Companies Law, 5759 -1999, or the Israeli Companies Law, does not provide for shareholders’ appraisal rights except for the appraisal by a court under limited circumstances in connection with an acquisition of the shares of a publicly traded company. NLS’s shareholders are not entitled to appraisal rights in connection with the Merger. Holders of NLS Common Shares do not have appraisal rights under the laws of Switzerland in connection with the Merger. For further information relating to appraisal rights, see the sections entitled “ Compulsory Acquisitions; Appraisal Rights” beginning on page 306, of this proxy statement/prospectus. 20

COMPARATIVE PER SHARE MARKET PRICE INFORMATION NLS Common Shares trade on Nasdaq under the symbol “NLSP” and Kadimastem Ordinary Shares trades on the TASE under the symbol “KDST”. The table below sets forth the closing price per NLS Common Share on Nasdaq and per Kadimastem Ordinary Share on TASE on July 29, 2024, the date preceding public announcement of the Merger, and on May 28, 2025, the latest practicable date before the date of this proxy statement/prospectus, and the equivalent price Kadimastem Ordinary Share (as determined by multiplying the closing price per share of NLS Common Share by the Exchange Ratio based on a fully diluted share split of 80%/20%) on each such date.

| Date          |     |    NLS Common 
 Share closing 
     price per 
         share 
           ($) |     |      Kadimastem 
  Ordinary Share 
         closing 
 price per share 
          ($)(1) |     |         Market 
 capitalization 
         of NLS 
   Common Share |     |         Market 
 capitalization 
  of Kadimastem 
 Ordinary Share |     |        Equivalent 
   value of Merger 
 consideration per 
        Kadimastem 
          Ordinary 
          Share(2) |
| July 29, 2024 |     |          9.35 |     |            1.59 |     |     31,040,091 |     |      6,661,646 |     |        12,321,983 |
| May 28, 2025  |     |          2.32 |     |            7.21 |     |      8,810,527 |     |     32,537,