Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 78

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 78
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 their private assets, the Merger should be tax neutral for purposes of Swiss federal, cantonal and communal income tax, given that the sum of the NLS share capital and capital contribution reserves after the Merger does not exceed the sum of the share capital and capital contribution reserves of NLS and Kadimastem prior to the Merger on a cumulative basis. For Swiss resident individuals as well as non -Swissresident individual taxpayers holding NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland, the Merger should be tax neutral for the purposes of Swiss federal, cantonal and communal tax, provided that the relevant tax book value of the shares is maintained. Otherwise, a taxable gain or tax deductible loss for the purposes of Swiss federal, cantonal and communal income tax may arise. For Swiss resident corporate taxpayers as well as non -Swissresident corporate taxpayers holding the NLS Common Shares or Preferred Shares as part of a trade or business carried on in Switzerland, the Merger should be tax neutral for the purposes of Swiss federal, cantonal and communal tax, provided that the tax relevant book value of the shares is maintained. Otherwise, a taxable gain or tax deductible loss for the purposes of Swiss federal, cantonal and communal income tax may arise. Non -Swissresidents who are holding NLS Common Shares or Preferred Shares and who are not residents in Switzerland for Swiss tax purposes are not subject to any Swiss federal, cantonal or communal income tax. Therefore, the Merger has no tax implications on such holders of NLS Common Shares or Preferred Shares. For stamp duty purposes ( Emissionsabgabe), an exemption has been applied. In consequence, as confirmed by a tax ruling of the Swiss Federal Tax Administration, the Merger is not subject to Swiss stamp. The Merger should further not be subject to Swiss securities transfer tax ( Umsatzabgabe). Q.What risks should I consider in deciding whether to vote in favor of the matters set forth above? You should read and carefully consider the risks set forth in the section entitled “ Risk Factors” in this proxy statement/prospectus. You also should read and carefully consider the risks that are described in the documents that are incorporated by reference into this proxy statement/prospectus. Q.When and where will the NLS Meeting be held? The NLS Meeting will be held at 4:00 pm, local time, on August 25, 2025, at the premises of Baker McKenzie Switzerland AG, Holbeinstrasse30,