Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 66

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 66
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 audit fees, valuators, tax advisors, due diligence services, and printer services. Q.Is Nasdaq listing approval a condition to the closing of the Merger? Yes. Per Section 6.2.10 of the Merger Agreement, Nasdaq Capital Market, or Nasdaq, listing approval is a condition to the closing of the Merger. Specifically, the Merger Agreement provides that the NLS Common Shares shall remain listed on the Nasdaq and shall not be subject to a delisting notice from Nasdaq, that the notification form for the listing of the NLS Common Shares to be issued in connection with the Merger must be accepted and approved (subject to official notice of issuance), and that the Nasdaq listing application for the initial listing of NLS following the Merger — as well as for the NLS Common Shares issued pursuant to the Agreement — must have been approved (subject to official notice of issuance). For more information, please see “ The Merger Agreement — Regulatory Approvals” and “ The Merger Agreement — Nasdaq Capital Market Listing” of this proxy statement/prospectus. The Company has applied for listing of the combined company’s Common Shares and traded warrants on the Nasdaq under the proposed symbols “NCEL” and “NCELW”, respectively, to be effective at the consummation of the Merger. While trading on the Nasdaq Stock Market is expected to begin following the Closing, there can be no assurance that the combined company’s securities will be listed on Nasdaq or that a viable and active trading market will develop. See “ Risk Factors — NLS Risk Factors — If NLS cannot satisfy, or continue to satisfy, the initial listing requirements and other rules of Nasdaq, NLS’s securities may not be listed or may be delisted, which could negatively impact the price of its securities and your ability to sell them.” Q.What listing standards will the combined company be required to meet to maintain its listing on Nasdaq? The combined company is expected to comply with Nasdaq’s continued listing standards, which include (but are not limited to) requirements regarding minimum market capitalization, shareholders’ equity, bid price, and certain corporate governance criteria. However, NLS is and shall continue to be a foreign private issuer after the Merger. As such, NLS is and will continue to be eligible for an exemption from certain Nasdaq corporate governance requirements that apply to issuers that are not foreign private issuers. Because Nasdaq’s standards are subject to periodic review and revision, NLS and