Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 813

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 813
---
 issuance of the Additional Warrants, if the Company’s securities are listed on the Nasdaq Capital Market on or before the due date, or if the Company has a pending application for listing on the Nasdaq Capital Market, the investors will not be entitled to the Additional Warrants. 5.Until the full repayment date of the Loan, the investors will be entitled to an anti -dilutionmechanism when the Loan is converted, to the extent that it is converted, upon the occurrence of a dilutive event (as defined in the convertible loan agreement), and: (a) if the price per share (or the effective price per unit, as the case may be) in the dilutive event (hereinafter, the “Effective Price”) reflects a discount of less than 10% of the last conversion price for the investors, and if there is no such price, then the conversion price that would have been obtained if the investors had converted immediately before the dilutive event, and the total Shares that had been issued up to that time under all the dilutive events would be lower than 20% of the Company’s issued and paid -upcapital after the issuance of the Shares in the last dilutive event, the protection mechanism will be based on a weighted average of the Company’s share capital before and after the dilutive event, as stipulated in the agreement; or (b) if the Effective Price of the security to be issued in the event of a dilutive event reflects a discount of more than 10% of the relevant conversion price for the investors, and if there is no such price, then the conversion price that would have been obtained if the investors had converted immediately before the dilutive event, or if the total of the Shares that had been issued up to that time under all the dilutive events would be 20% or more than the Company’s issued capital after the issuance of the Shares in the last dilutive event — the protection mechanism will be on a “full ratchet” basis, that is, the conversion price will be adjusted to the Effective Price of the security. 6.Investors will have the right to demand the repayment of the Loan immediately in certain situations, the main of which include: (a) the submission of an application by or against the Company for insolvency, liquidation, settlement, [or other similar event] that is not dismissed or stricken out within 90 days; (b) the appointment of a receiver, liquidator, trustee, special manager,