Company: NCEL
Filing Date: 2025-02-10
Form Type: F-3
Source: 0001213900-25-011823
Chunk: 49

Company: NewcelX Ltd.
Filing Date: 2025-02-10
Form: F-3
Chunk 49
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Some conditions are outside of NLS’ control, and there is no assurance that they will be met in a timely manner or at all. The Merger
Agreement could be delayed, may not be completed, or may be terminated under certain circumstances. Uncertainty regarding the Merger could
adversely impact employee morale and retention, disrupt business relationships, and affect the trading price of our Common Share. Additionally,
management and personnel will need to focus significant time and resources on the Merger, potentially diverting attention from day-to-day
operations. NLS will incur significant transaction costs regardless of whether the Merger is finalized, and such expenses may be higher
than anticipated, especially if the Merger is delayed or terminated.

Unfavorable general economic conditions may materially adversely affect NLS’ business.

While it is difficult for
NLS to predict the impact of general economic conditions on its business, these conditions could reduce customer demand for some of its
products or services which could cause its revenue to decline. Also, NLS’ customers that are especially reliant on the credit and
capital markets may not be able to obtain adequate access to credit or equity funding, which could affect their ability to make timely
payments to NLS. Moreover, NLS relies on obtaining additional capital and/or additional funding to provide working capital to support
its operations. NLS regularly evaluates alternative financing sources. Further changes in the commercial capital markets or in the financial
stability of its investors and creditors may impact the ability of its investors and creditors to provide additional financing. For these
reasons, among others, if the economic conditions stagnate or decline, NLS’ operating results and financial condition could be adversely
affected.

Economic and political conditions may cause fluctuations of the future prices, supply, and demand for products NLS and Kadimastem use, which may negatively affect NLS’ revenues.

Revenues generated from NLS’
production activities in the biotech industry will be highly dependent upon the future prices and demand for products that NLS and Kadimastem
currently use. Factors which may affect prices and demand for products that NLS and Kadimastem currently use include, but are not limited
to, the worldwide supply of these products; the price of these products that are produced in the United States, Israel, Switzerland,
or imported from foreign countries; consumer demand for such products; the price and availability of alternative products; federal and
state regulation; and general, national and worldwide economic political conditions.

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