Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 272

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 272
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ondissement
de Lausanne. The complaint pertains to an unpaid invoice for research services amounting to $110,179, plus interest at a rate of 5%.
At the hearing on October 9, 2024, Université de Lausanne was not open to discussing a potential settlement. The Company asserts
that the services provided did not meet the required standard of care and intends to defend its position. On 9 May 2025, the Company
filed a statement of defense and asserted a counterclaim in CHF 30,000 plus compensatory interests at a rate of 5% per annum since June
29, 2022.

Dividends

We
have never declared or paid any cash dividends on our common shares and do not anticipate paying any cash dividends in the foreseeable
future. Payment of cash dividends, if any, in the future will be at the discretion of our board of directors and will depend on then-existing
conditions, including our financial condition, operating results, contractual restrictions, capital requirements, business prospects
and other factors our board of directors may deem relevant.

Under
Swiss law, we may only pay dividends if we have sufficient distributable profits brought forward from the previous business years (“ Gewinnvortrag”),
or if we have distributable reserves (“frei verfügbare Reserven”), each as evidenced by our audited stand-alone statutory
balance sheet prepared pursuant to Swiss law, and after allocations to reserves required by Swiss law and the articles of association
have been deducted. Furthermore, the shareholders may resolve to pay an interim dividend (“ Zwischendividende

Under
our amended and restated articles of association and in accordance with Swiss law, only our shareholders have the power to approve the
payment of any dividends.

B. Significant
Changes.

No
significant change, other than as otherwise described in this annual report, has occurred in our operations since the date of our financial
statements included in this annual report.

ITEM 9. THE
OFFER AND LISTING.

A. Offer and
Listing Details

Since
January 30, 2021, our common shares and Warrants trade on Nasdaq under the symbols “ NLSP” and NLSPW”, respectively.

B. Plan of Distribution

Not
applicable.

C. Markets

Our
common shares and Warrants trade on Nasdaq.

D. Selling Shareholders

Not
applicable.

E. Dilution

Not
applicable.

F. Expenses