Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 774

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 774
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 reflecting an increase in share capital to CHF 937,600, divided into 1,172,000registered shares with a nominal value of CHF 0.80each and filed for a 1 -for-40reverse share split. The number of shares outstanding before and after the reverse split were adjusted accordingly on a retrospective basis. Further, on January 14, 2025, the shareholders of NLS approved a change in the par value of the common share from CHF 0.80to CHF 0.03per share, effective January 17, 2025. All share amounts reflect the par value of CHF 0.80as of December 31, 2024 and no adjustments have been made for the change in par value to additional paid in capital for the reduction in par value. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported of assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates and be based on events different from those assumptions. As part of these consolidated financial statements, the Company’s significant estimates include stock -basedcompensation, pension liabilities and the valuation allowance related to the Company’s deferred tax assets. JOBS Act Accounting Election The Company is an “emerging growth company” (“EGC”) as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, an EGC can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. The Company intends to take advantage of the exemptions until it is no longer an EGC. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents. The Company deposits its cash primarily in checking, money market accounts, as well as certificates of deposit. The Company generally does not enter into investments for trading or speculative purposes rather to preserve its capital for the purpose of funding operations. Property and equipment Property and equipment are recorded at cost, net of accumulated depreciation and any accumulated impairment losses. Depreciation is computed using the straight -linemethod over the estimated useful lives of the assets. The useful lives of property and equipment are five years for furniture and fixtures and three years for software. Annex F-