Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 292

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 292
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, the Finders Agreement states that in the event NLS enters into a binding term sheet or similar agreement with respect to a potential merger, acquisition, business combination, collaboration or similar strategic transaction by NLS with each or any of the entities listed in the Finders Agreement during the term of the Finders Agreement, NLS shall pay HCW, within seven calendar days of the closing date of such transaction, a cash fee equal to $250,000 for each such transaction and shall issue to HCW (or its designees) warrants to purchase $500,000 worth of NLS Common Shares. Such warrants shall be in a customary form, will have a term of five years from the issuance date and an exercise price per share equal to the NLS Common Shares market price on Nasdaq immediately prior to the public announcement of such transaction. Although the Finders Agreement has terminated on June27, 2025, NLS is required to make payments under the Finders Agreement of a cash fee up to $250,000 and warrants to purchase $500,000 worth of NLS Common Shares with an exercise price per share equal to the NLS Common Shares market price on Nasdaq immediately prior to the public announcement of such transaction. Following the execution of the Finders Agreement, Oded Spindel arranged two distinct introductory Zoom calls involving NLS — represented by Alexander Zwyer — and two prospective counterparties: Party B and Kadimastem, represented by Ronen Twito. HCW, with Mr.Spindel in attendance, participated in both sessions, and no additional representatives were present. During each call, the parties exchanged their respective corporate decks to initiate discussions regarding potential strategic transactions. During the period from June 29, 2024 through July 28, 2024, members of NLS’s management team, namely Alexander Zwyer and Elena Thyen, as well as certain NLS Board members, including the chairman of the Board Ronald Hafner, with the assistance of its financial and legal advisors (Timothy Morris, an outside, financial advisor that supported NLS during this period of time, Sullivan & Worcester LLP, counsel to NLS, or Sullivan, and Wenger & Vieli Ltd., at that time Swiss counsel to NLS), evaluated and considered several potential target companies as candidates for a possible merger transaction. The evaluation and search process for target companies involved a structured and criteria -basedapproach. NLS began by developing a comprehensive target profile aligned with its strategic objectives. Key selection criteria included: •