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

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 25
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 a number of Shares at least equal to the Required Minimum on the
date hereof. No additional payments, beyond the Subscription Amount will be required for the issuance of any of the Preferred Shares or
Conversion Shares.

(g) . The
capitalization of the Company as of the date hereof is as set forth on , which shall also
include the number of Common Shares owned beneficially, and of record, by Affiliates of the Company. Except as set forth in , the Company has not issued any capital shares since its most recently filed periodic report under the Exchange Act (other
than (i) the grant of additional options under the Company’s existing share option plans, (ii) pursuant to the exercise of any employee
share options under the Company’s share option plans or (iii) changes in the number of outstanding Common Shares of the Company
due to the issuance of shares upon the exercise or conversion of securities exercisable for, or convertible into, Common Shares outstanding
on the date hereof). The description of the Common Shares in the SEC Reports is complete and accurate in all material respects. Except
as set forth in the SEC Reports, the Company does not have outstanding any options to purchase, or any rights or warrants to subscribe
for, or any securities or obligations convertible into, or exchangeable for, or any contracts or commitments to issue or sell, any shares
of capital stock or other securities. Except as set forth in the SEC Reports, no Person has any right of first refusal, pre-emptive right,
right of participation, or any similar right to participate in the transactions contemplated by the Transaction Documents. Except as set
forth in the SEC Reports, except as a result of the purchase and sale of the Securities, there are no outstanding options employee or
incentive share option plans, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to, or
securities, rights or obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe for
or acquire, any Common Shares or the capital stock of any Subsidiary, or contracts, commitments, understandings or arrangements by which
the Company or any Subsidiary is or may become bound to issue additional Common Shares or Common Share Equivalents or capital stock of
any Subsidiary. The issuance and sale of the Securities will not obligate the Company or any Subsidiary to issue Common Shares or other
securities to any Person (other