Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 178

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 178
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 the amount allocated to the current taxable year and any period prior to the first day of the first taxable year in which NLS was a PFIC would be taxed as ordinary income; and (3) the amount allocated to each of the other taxable years would be subject to tax at the highest rate of tax in effect for the applicable class of taxpayer for that year, and an interest charge for the deemed deferral benefit would be imposed with respect to the resulting tax attributable to each such other taxable year. In addition, if the U.S. Internal Revenue Service, or the IRS, determines that NLS is a PFIC for a year with respect to which NLS has determined that NLS was not a PFIC, it may be too late for a U.S. taxpayer to make a timely QEF or mark -to-marketelection. U.S. taxpayers that have held the NLS Common Shares during a period when NLS was a PFIC will be subject to the foregoing rules, even if NLS cease to be a PFIC in subsequent years, subject to exceptions for U.S. taxpayer who made a timely QEF or mark -to-marketelection. A U.S. taxpayer can make a QEF election by completing the relevant portions of and filing IRS Form 8621 in accordance with the instructions thereto. NLS intends to make available to U.S. taxpayers upon request the information needed in order to complete IRS Form 8621 and to make and maintain a valid QEF election for any year in which NLS or any of its subsidiaries are a PFIC. U.S. taxpayers that hold the NLS Common Shares are strongly urged to consult their tax advisors about the PFIC rules, including tax return filing requirements and the eligibility, manner, and consequences to them of making a QEF or mark -to-marketelection with respect to the NLS Common Shares in the event that NLS is a PFIC. NLS has not paid, and does not intend to pay, dividends on its NLS Common Shares and, therefore, unless its traded securities appreciate in value, its investors may not benefit from holding its NLS Common Shares. NLS has never declared or paid cash dividends on its NLS Common Shares. NLS does not anticipate paying any cash dividends on its NLS Common Shares in the foreseeable future. Moreover, Swiss Law imposes certain restrictions on its ability to declare and pay dividends. See “Comparison of Shareholders’ Rights and Corporate Governance — Summary of Material Differences Between the Rights of Kadimastem Share