Company: NCEL
Filing Date: 2025-02-10
Form Type: F-3
Source: 0001213900-25-011823
Chunk: 115

Company: NewcelX Ltd.
Filing Date: 2025-02-10
Form: F-3
Chunk 115
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 August 28,
2024, effective as of September 30, 2024,

b) Purchase
of $4,000,000 in debt from vendors through debt purchase agreement with an investor thereby converting the debt through an ordinary capital
increase of preferred shares;

c) Conversion
of related party debt holders in the amount of $2,788,650 into 493,986 Common Shares, and

d) Payments
to vendors and reduction in bonus accruals not to be paid in the amount of approximately $721,781.

(iii) private financing
round of $3,200,000 on October 10, 2024 by way of an ordinary capital increase, entering into a securities purchase agreement with certain
accredited investors. Pursuant to the terms of the October 9, 2024 securities purchase agreement with certain accredited investors, or
the Equity Purchase Agreement, we agreed to issue and sell to the investors, in a private placement offering (i) 806,452 Common Shares
and (ii) Common Warrants to purchase 806,452 Common Shares, at a combined purchase price of $3.97, for aggregate gross proceeds of $3.2
million. The Common Warrants have a term of five years and have an exercise price of $4.25 per share. Pursuant to the Equity Purchase
Agreement, we agreed to grant the investors the right to participate, in the aggregate, in up to fifty percent (50%) of future offerings
for one year following the closing of the offering.

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The information in this table should be read in
conjunction with and is qualified by reference to the financial information thereto and other financial information incorporated by reference
into this prospectus, including the section entitled “Item 5. Operating and Financial Review and Prospects” and our financial
statements and related notes included in our 2023 Annual Report and our Unaudited Interim Condensed Financial Statements as of June 30,
2024 and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” attached as Exhibits
99.1 and 99.2, respectively, to our Report of Foreign Private Issuer on Form 6-K, or a Form 6-K, filed on October 18, 2024 and incorporated
by reference herein.

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 June 30, 2024 |             |   |     |           |             |   |
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