Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 778

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 778
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     |                  |     |       |
| A bank loan, USD $330 thousand (see Note 9b), the interest rate as of the date of the report is 7.75% |     |             21 | % |     | 31/12/25    |     |              293 |     |   301 |
| Loans from related parties (see Note 9b)                                                              |     |             20 | % |     | See Note 9b |     |              860 |     |   852 |
| Convertible loan                                                                                      |     |            370 | % |     | See Note 15 |     |            1,512 |     |   230 |
| Liability in respect of conversion component and options                                              |     |                |   |     | See Note 15 |     |            5,061 |     | 1,002 |
| Total financial liabilities                                                                           |     |                |   |     |             |     |            7,726 |     | 2,385 |

____________ (1)The imputed interest is based on an external valuation. Liabilities for a transaction with an interested party is measured according to fair value at the time of the transaction. Since it is a transaction in the capacity of a shareholder, the Company credits the difference between the fair value and the proceeds from the transaction after deducting the tax to equity in the interested party capital reserve item. The Company assessed the market conditions on the day of the transaction for each transaction and in different periods at a rate of about 21 percent. In each reporting period, the Company recognizes financing expenses due to the revaluation of the loan as of the reporting date. As of the date of the report, the Company recognized financing expenses due to the revaluation of loans from an interested party and a loan from a banking corporation amounting to approximately USD $5,044 thousand in 2024 and approximately USD $153 thousand in 2023. C. Management’s goals and policies regarding financial risk management The Company’s main financial liabilities consist of loans. These financial liabilities are mainly intended to finance the Company’s operations and provide guarantees that support its operations. The Company’s main assets are comprised of receivables and cash derives directly from its operations. The Company is exposed to market risk, interest rate risk, foreign currency risk, and liquidity risk. The Company’s senior management oversees the management of these risks. 1. Market risk Market risk is the risk that the fair value