Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 64

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 3
Chunk 64
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 These regulations may inhibit our ability to expand into those markets or prohibit us from continuing to offer
services in those markets without significant additional costs.

Additionally, although we
endeavor to have our products and platform comply with applicable laws and regulations, these and other obligations may be modified, they
may be interpreted and applied in an inconsistent manner from one jurisdiction to another, and they may conflict with one another, other
regulatory requirements, contractual commitments or our practices. We expect that there will continue to be new proposed laws, rules of
self- regulatory bodies, regulations and industry standards concerning privacy, data protection and information security in the United
States, the EU and other jurisdictions, and we cannot yet determine the impact such future laws, rules, regulations and standards may
have on our business. The uncertainty and changes in the requirements of multiple jurisdictions may increase the cost of compliance, delay
or reduce demand for our services, restrict our ability to offer services in certain locations, impact our customers’ ability to
deploy our products and solutions in certain jurisdictions, or subject us to claims and litigation from private actors and investigations,
proceedings, and sanctions by data protection regulators, all of which could harm our business, financial condition and operating results.

We also may be bound by contractual
obligations relating to our collection, use and disclosure of personal, financial and other data or may find it necessary or desirable
to join industry or other self-regulatory bodies or other privacy, cybersecurity or data protection-related organizations that require
compliance with their rules pertaining to privacy and data protection.

Any failure or perceived failure
by us, our products or our platform to comply with new or existing U. S., EU or other foreign privacy, cybersecurity or data protection
laws, regulations, policies, industry standards or legal obligations, any failure to bind our suppliers and contractors to appropriate
agreements or to manage their practices or any systems failure or security incident that results in the unauthorized access to, or acquisition,
release or transfer of, personally identifiable information or other data relating to customers or individuals may result in governmental
investigations, inquiries, enforcement actions and prosecutions, private claims and litigation, fines and penalties, adverse publicity
or potential loss of business.

We may be subject to securities litigation,
which is expensive and could divert management attention.

In the past, companies that
have experienced volatility in the market price of their shares have been subject to securities class action litigation. We may be the
target of this type of litigation in the future. Litigation of