Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 507

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 507
---
aleinlagen) and the consequences thereof under the tax laws, regulations and regulatory practices of Switzerland. Tax considerations linked to the Merger This summary further includes the material Swiss tax consequences linked to the Merger for NLS shareholders as well as for NLS. This corresponds to the Tax Opinion included herein provided by Baker McKenzie Switzerland AG, Zurich, tax counsel to NLS (Exhibit 8.1). Swiss Withholding Tax The Merger is not subject to Swiss withholding tax ( Verrechnungssteuer). Individual and Corporate Income Tax For Swiss resident individuals holding NLS Common Shares or Preferred Shares as part of 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 and Preferred Shares and who are not resident do not hold them as part of a trade or business carried on 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. 282 Swiss Stamp Duty and Swiss Securities Transfer Tax For stamp duty purposes (Emissionsabgabe), an exemption has been applied. In consequence, the Merger is not subject to Swiss stamp. Therefore, a tax ruling has been filed with the Swiss Federal Tax Administration