Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 299

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 299
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 invitation. On September 17, 2024, Sullivan sent the initial draft of the NLS Support Agreement to Pearl Cohen. Between September 17, 2024 and November 4, 2024, Sullivan and Pearl Cohen exchanged drafts and negotiated the terms of the NLS Voting Agreement. Regular meetings by phone call and video conference took place during this period, some of which included the parties’ respective legal counsel and financial advisors. On September18, 2024, NLS, Kadimastem, Sullivan and Pearl Cohen had a call to discuss the material terms of the Merger Agreement. On September19, 2024, NLS, Kadimastem, Sullivan and Pearl Cohen had a call to discuss the effective date of NLS’s reverse stock split and the NLS registration statement on Form F -4. On September 22, 2024, Pearl Cohen sent the initial draft of the Kadimastem Voting Agreement to Sullivan. Between September 22, 2024 and November 4, 2024, Sullivan and Pearl Cohen exchanged drafts and negotiated the terms of the Kadimastem Voting Agreement. Regular meetings by phone call and video conference took place during this period, some of which included the parties’ respective legal counsel and financial advisors. On September 23, 2024, Pearl Cohen sent a revised draft of the Merger Agreement to Sullivan, which included comments regarding the equity awards and warrants. The parties agreed to transfer all the Kadimastem equity awards to NLS, and between September 23, 2024 and November 4, 2024, Sullivan and Pearl Cohen exchanged drafts and negotiated further the equity awards provisions in the Merger Agreement. On September23, 2024, NLS, Kadimastem, Sullivan and Pearl Cohen had a call to discuss warrants, the Merger Agreement, the registration statement on Form F -4and the CVR Agreement. On September 25, 2024, NLS announced that a reverse share split of the NLS Common Shares, at a ratio of 1 -for-40is expected to be implemented at market open on September 27, 2024, or the September 2024 Reverse Split in order to achieve compliance with Nasdaq listing standards. On September 27, 2024, the September 2024 Reverse Split became effective and the NLS Common Shares began trading on Nasdaq on a post -splitbasis at the market open on September 27, 2024. The September