Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 179

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 179
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 conditions, including the obligation that NLS Common Shares shall remain listed on the Nasdaq and shall not be subject to a delisting notice from Nasdaq. The notification form for the listing of NLS Common Shares to be issued in connection with the Merger shall have been accepted and approved (subject to official notice of issuance), and the Nasdaq listing application for initial listing of NLS following the Merger and of NLS Common Shares being issued pursuant to the Merger Agreement shall have been approved. NLS is currently seeking to have its securities approved for listing on Nasdaq in connection with the Merger. NLS cannot assure you that it will be able to meet those initial listing requirements at the time of the Closing. Even if NLS’s securities are listed on Nasdaq, it cannot assure you that its securities will continue to be listed on Nasdaq. In addition, following the Merger, to maintain its listing on Nasdaq, NLS will be required to comply with certain continued listing standards of Nasdaq including those regarding minimum shareholders’ equity, minimum share price, minimum market value of publicly held shares, minimum number of shareholders and various additional requirements. Even if NLS initially meets the listing requirements and other applicable rules of Nasdaq, NLS may not be able to continue to satisfy these requirements and applicable rules. If NLS is unable to satisfy Nasdaq criteria for maintaining its listing, its securities could be subject to delisting. If Nasdaq does not list NLS’s securities, or subsequently delists its securities from trading, NLS could face significant consequences, including: •failure to satisfy a closing condition to the Merger and the inability to therefore complete the Merger; •a limited availability for market quotations for its securities; •reduced liquidity with respect to its securities; •a determination that its NLS Common Shares are “penny stock,” which will require brokers trading in its NLS Common Shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for the NLS Common Shares; •limited amount of news and analyst coverage; and •a decreased ability to issue additional securities or obtain additional financing in the future. Failure to comply with Nasdaq rules, the delisting of NLS’s securities from Nasdaq or the inability to complete the Merger could materially adversely affect the business, financial results and share price of NLS. If NLS cannot satisfy, or continue to satisfy, the initial listing requirements and other rules of Nasdaq, NLS’s securities may not