Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 854

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 854
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 for 47,574 rights (in exchange for which 1,522,335shares were issued as of the reporting date) for a total of USD $475 thousand. By the end of the financing round on January 9, 2023, the Company received notices for 390,220 rights to purchase 7,507,052 ordinary shares of the Company. The gross immediate consideration received by the Company for the rights issued according to the shelf offering totaled USD $2,204 thousand (the issuance expenses totaled USD $52 thousand). On January 1, 2023, 2,175,800 Series 6 warrants expired. J.During the year 2023, the shareholders’ meeting approved the increase of the Company’s authorized share capital by 50,000,000 ordinary shares, p.v. USD $0.03 per share (p.v. NIS 0.1 per share), of the Company, and the capital increase, respectively, so that the authorized share capital of the Company after the capital increase would be USD $4.4 million, divided into 150,000,000 ordinary shares. NOTE 19: — SHARE-BASED PAYMENT A. Expense that was recognized in the financial statements

|                                                             |     | Year ended on December 31, 
                       2023 |     | 2022 |     | 2021 |
|:------------------------------------------------------------|:----|---------------------------:|:----|-----:|:----|-----:|
|                                                             |     |           USD in thousands |     |      |     |      |
| Total expense arising from share-based payment transactions |     |                        149 |     |  235 |     |   91 |

B. Share-based payment plan On February 1, 2011, the Company adopted an option plan for employees, directors, and consultants. For the purpose of the plan, the Company reserved a pool of 750,000 ordinary shares. On January 25, 2021, the Company’s Board of Directors resolved to extend the plan by another 5 years so that the plan will expire on January 31, 2026. On March 25, 2021, the Board of Directors decided to reserve a pool of 1,700,000 ordinary shares for the plan. The options are exercisable for up to 10 years from the grant date or until the expiration date as defined in the plan, whichever comes first. The value of the options for the Company’s employees