Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 71

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 71
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 comply with Nasdaq’s continued listing standards, which include (but are not limited to) requirements regarding minimum market capitalization, shareholders’ equity, bid price, and certain corporate governance criteria. However, NLS is and shall continue to be a foreign private issuer after the Merger. As such, NLS is and will continue to be eligible for an exemption from certain Nasdaq corporate governance requirements that apply to issuers that are not foreign private issuers. Because Nasdaq’s standards are subject to periodic review and revision, NLS and Kadimastem will continuously monitor its compliance with such criteria as they evolve from time to time. Q.Will shareholders be informed whether the combined company has received Nasdaq listing approval prior to the shareholder vote on the Merger and related proposals? Yes. To the extent such approval is not obtained before this proxy statement/prospectus is finalized, NLS will furnish a Report on Form 6 -Kto disclose such approval. ix Q.How does the NLS Board recommend NLS shareholders vote? After careful consideration, the NLS Board recommends that NLS’s shareholders vote: •“FOR” Proposal No. 1 to approve the Merger Agreement. •“FOR” Proposal No. 2 to approve the par value reduction, the reverse split and the ordinary share capital increase with contribution of the Kadimastem shares to implement the Merger. •“FOR” Proposal No. 3 to approve the ordinary share capital increase regarding the issuance of preferred shares. •“FOR” Proposal No. 4 to approve the reinstatement of the capital band. •“FOR” Proposal No. 5 to approve the conditional share capital for employee and advisory options. •“FOR” Proposal No. 6 to approve the conditional share capital for shareholders’ options. •“FOR” Proposal No. 7 to approve the transfer and voting rights limitation of 9.99%. •“FOR” Proposal No. 8 to approve the name change of NLS. •“FOR” Proposal No. 9 to approve the election of the new members to the NLS Board. •“FOR” Proposal No. 10 to approve the election of members of the Compensation, Nomination and Governance Committee. •“FOR” Proposal No. 11 to approve the composition of the new senior management following the Merger. •“FOR” Proposal No. 12.1 to approve the compensation for the members of the NLS Board. •“FOR” Proposal No. 12.2 to approve