Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 742

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 742
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 the senior management team from the business year 2031. The triggering thresholds are (i) a balance sheet total of CHF 20 million, (ii) sales revenue of CHF 40 million and (iii) an average of 250 full -timeemployees per year. Director Independence Our board has reviewed the independence of our directors, applying the Nasdaq independence standards. Based on this review, the board determined that each of Florence Allouche Aknin, Claudio L. A. Bassetti, Audrey Greenberg, Ronald Hafner and Gian -MarcoRinaldi are “independent” within the meaning of the Nasdaq rules. In making this determination, our board considered the relationships that each of these non -employeedirectors has with us and all other facts and circumstances our board deemed relevant in determining their independence. As required under applicable Nasdaq rules, our independent directors meet on a regular basis as often as necessary to fulfill their responsibilities, including at least annually in executive session without the presence of non -independentdirectors and senior management. Committees of the Board of Directors Our board of directors has established two standing committees, the audit committee, and the compensation, nomination and governance committee. Audit Committee Under Nasdaq rules, we are required to maintain an audit committee consisting of at least three members, all of whom are independent and are financially literate and one of whom has accounting or related financial management expertise. We have complied with this requirement in accordance with Nasdaq Listing Rule 5615(b)(1). Our audit committee currently consists of Audrey Greenberg and Gian -MarcoRinaldi, each of whom meets the requirements for financial literacy under Nasdaq rules. Mr. Rinaldi serves as chairperson of the audit committee and our board of directors has determined that Mr. Rinaldi is an “audit committee financial expert” as defined by the SEC rules and has the requisite financial experience as defined by the Nasdaq Listing Rules. The audit committee is governed by a charter that complies with Nasdaq rules. The audit committee has the responsibility to, among other things: •consider and make recommendations to the board of directors on our financial statements, review and discuss the financial statements with the senior management and the company’s external independent auditor and present its recommendations with respect to the financial statements to the board of directors prior to the approval of the financial statements at the general shareholders’ meeting; •oversee our independent auditor and engage and determine compensation or termination of engagement of our auditor; •determine and pre -approvet