Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 137

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 137
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 agent's commissions. The Common Shares may be sold in one or more transactions
at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale, or at negotiated
prices. These sales may be effected in transactions, which may involve crosses or block transactions, pursuant to one or more of the following
methods:

| ● | on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale;                                                   |
| ● | in the over-the-counter market;                                                                                                                                                 |
| ● | in transactions otherwise than on these exchanges or systems or in the over-the-counter market;                                                                                 |
| ● | through the writing of options, whether such options are listed on an options exchange or otherwise;                                                                            |
| ● | ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;                                                                                |
| ● | block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction; |
| ● | purchases by a broker-dealer as principal and resale by the broker-dealer for its account;                                                                                      |
| ● | an exchange distribution in accordance with the rules of the applicable exchange;                                                                                               |
| ● | privately negotiated transactions;                                                                                                                                              |
| ● | short sales effected after the effective date of this Registration Statement;                                                                                                   |
| ● | sales pursuant to Rule 144;                                                                                                                                                     |
| ● | broker-dealers may agree with the selling securityholders to sell a specified number of such shares at a stipulated price per share;                                            |
| ● | a combination of any such methods of sale; and                                                                                                                                  |
| ● | any other method permitted pursuant to applicable law.                                                                                                                          |

If the selling stockholders
effect such transactions by selling Common Shares to or through underwriters, broker-dealers or agents, such underwriters, broker-dealers
or agents may receive commissions in the form of discounts, concessions or commissions from the selling stockholders or commissions from
purchasers of the Common Shares for whom they may act as agent or to whom they may sell as principal (which discounts, concessions or
commissions as to particular underwriters, broker-dealers or agents may be in excess of those customary in the types of transactions involved).
In connection with sales of the Common Shares or otherwise, the selling stockholders may enter into hedging transactions with broker-dealers,
which may in turn engage in short sales of