Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 517

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 517
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 NLS Preferred Shares, further NLS Preferred Shares conferring preferential rights over the existing NLS Preferred Shares may be issued only with the consent of both, a special meeting of the adversely affected holders of the existing NLS Preferred Shares and of a shareholders’ meeting, unless otherwise provided in the articles of association. 
 Shares that are granted more voting power are not regarded as a special class for these purposes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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| Rights of Kadimastem shareholders                                                                                                                                                                  |     | Rights of NLS Pharmaceutics shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Cumulative Voting                                                                                                                                                                                  |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Ordinary shares do not have cumulative voting rights for the election of directors.                                                                                                                |     | Cumulative voting is not permitted under Swiss corporate law. Pursuant to Swiss law, shareholders can vote for each proposed candidate, but they are not allowed to cumulate their votes for single candidates. An annual individual election of (i) all members of the NLS Board, (ii) the chairperson of the NLS Board, (iii) the members of the compensation committee, and (iv) the election of the independent proxy for a term of office of one year (i.e., until the following annual shareholders’ meeting), as well as the vote on the aggregate amount of compensation of the members of the NLS Board, of the executive committee and of the members of any advisory board, is mandatory for listed companies. Re-election is permitted |
| Treasury Shares                                                                                                                                                                                    |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Kadimastem may repurchase its ordinary shares on the open market. Kadimastem may repurchase and hold the shares as treasury shares and presents their cost as a reduction of shareholders’ equity. |     | Under Swiss corporate law, each share owned by the Company is a treasury share. That definition also applies to preferred participation certificates. There may be a power of the board of directors of a company to issue further shares or preferred participation certificates. Once treasury shares are retired or sold, they cease to qualify as treasury shares. From a Swiss corporate law point of view, treasury shares can be either shares or preferred participation certificates.                                                                                                                                                                                                                                                     
 Swiss law limits the right of a company to purchase and hold its own shares. The company and its subsidiaries may purchase its own shares only if and to the extent that: (i) the company has freely distributable reserves in the amount of the purchase price; and (ii) the aggregate par value