Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 54

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 3
Chunk 54
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 2024, we received notice from the Staff informing us that we regained full compliance with the bid price requirement in
Listing Rule 5550(a)(2) and the equity requirement in Listing Rule 5550(b)(1).

We have in the past, and may
in the future, be unable to comply with certain of the listing standards that we are required to meet to maintain the listing of our common
shares on Nasdaq. If we fail to satisfy the continued listing requirements of Nasdaq, such as minimum stockholders’ equity requirements
or minimum bid price requirements, Nasdaq may take steps to delist our common shares. Such a delisting would have a negative effect on
the price of our common shares, impair the ability to sell or purchase our common shares when persons wish to do so, and any delisting
materially adversely affect our ability to raise capital or pursue strategic restructuring, refinancing or other transactions on acceptable
terms, or at all. Delisting from Nasdaq could also have other negative results, including the potential loss of institutional investor
interest and fewer business development opportunities, as well as a limited amount of news and analyst coverage of us. Delisting could
also result in a determination that our common shares are a “penny stock,” which would require brokers trading in our common
shares to adhere to more stringent rules, possibly resulting in a reduced level of trading activity in the secondary market for our common
shares. In the event of a delisting, we would attempt to take actions to restore our compliance with Nasdaq’s listing requirements,
but we can provide no assurance that any such action taken by us would allow our securities to become listed again, stabilize the market
price or improve the liquidity of our securities, prevent our common shares from dropping below the Nasdaq minimum bid price requirement
or prevent future non-compliance with Nasdaq’s listing requirements.

The JOBS Act allows us to postpone the date
by which we must comply with some of the laws and regulations intended to protect investors and to reduce the amount of information we
provide in our reports filed with the SEC, which could undermine investor confidence in our Company and adversely affect the market price
of our common shares and Warrants.

For so long as we remain an
EGC, we intend to take advantage of certain exemptions from various requirements that are applicable to public companies that are not
EGCs including:

  the provisions of the Sarbanes-Oxley Act requiring that our independent registered public accounting firm provide an attestation report on