Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 62

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 3
Chunk 62
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 not be afforded the same protections or information that would be made available to you were you investing in a U. S. domestic
issuer.

Raising additional capital would cause dilution
to our existing shareholders, and may affect the rights of existing shareholders.

In future, we may seek additional
capital through a combination of private and public equity offerings, debt financings and collaborations and strategic and licensing arrangements.
To the extent that we raise additional capital through the issuance of equity or convertible debt securities, your ownership interest
will be diluted, and the terms may include liquidation or other preferences that adversely affect your rights as a shareholder. Future
sales of our common shares or of securities convertible into our common shares, or the perception that such sales may occur, could cause
immediate dilution and adversely affect the market price of our common shares and the Warrants.

Our business is subject to a variety of
U. S. and international laws and regulations, including those regarding privacy, cybersecurity and data protection. Any failure of our
platform to comply with applicable laws and regulations could harm our business, operating results and financial condition.

Our operations may from time
to time involve cross-border transfer of data, which may subject us and our customers that use our products to privacy, cybersecurity
and data protection-related laws and regulations that impose obligations in connection with the collection, processing and use of personal
data, financial data, health or other similar data and general cybersecurity. Multiple jurisdictions have adopted or proposed limitations
on, or requirements regarding, the collection, distribution, use, security and storage of information, including personally identifiable
information of individuals.

In the United States, the
U. S. Federal Trade Commission and numerous state attorneys general are applying federal and state consumer protection laws to impose standards
on the online collection, use and dissemination of data, and to the security measures applied to such data. We continue to see increased
regulation of privacy cybersecurity and data protection, including the adoption of more stringent subject matter specific state laws in
the United States. For example, in 2018, California enacted the California Consumer Privacy Act, or the CCPA, which took effect on January 1,
2020. The CCPA gives California residents expanded rights to access and delete their personal information, opt out of certain personal
information sharing, and receive detailed information about how their personal information is used. The CCPA provides for civil penalties
for violations, as well as a private right of action for data breaches that is expected to increase data breach litigation.