Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 783

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 783
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2023:

|                                                 |     | December 31, |    2024 |     |   |    2023 |
|:------------------------------------------------|:----|:-------------|--------:|:----|:--|--------:|
| Vendor prepayments                              |     | $            |  65,237 |     | $ | 821,266 |
| VAT recoverable and other current assets        |     |              |  49,479 |     |   |  24,433 |
| Other short-term receivables                    |     |              | 400,000 |     |   |  10,664 |
| Prepaid insurance                               |     |              |  42,470 |     |   |  69,019 |
| Prepaid expenses                                |     |              |   2,970 |     |   |       — |
| Total prepaid expenses and other current assets |     | $            | 560,157 |     | $ | 925,382 |

During the period ended December 31, 2024, the Company provided working capital advances totaling $ to Kadimastem, a third party with which the Company is engaged in merger negotiations. These funds were provided to support Kadimastem’s ongoing operations and are recorded as Other Receivable on the balance sheet. The funds are repayable on demand or upon termination of the merger discussions. If the merger is completed, the advances will be eliminated in consolidation. The Company’s ability to recover these funds is dependent on the outcome of the merger transaction. As of December 31, 2024, no allowance for uncollectibility has been recorded, as management believes the amounts are recoverable.

Note 4

Property and Equipment, net:

The Company’s property and equipment consisted of the following as of December 31, 2024 and 2023:

| Cost                              |     | December 31, 
 2024         |         |   |     | 2023 |         |   |
|:----------------------------------|:----|:-------------|--------:|:--|:----|:-----|--------:|:--|
| Furniture and fixtures            |     | $            |  17,258 |   |     | $    |  13,341 |   |
| Software                          |     |              |  26,219 |   |     |      |  26,219 |   |
| Total cost                        |     |              |