Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 159

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 159
---
Effect. The Company has not filed a report pursuant to Section 13(a) or 15(d) of the Exchange Act indicating that it (i) has failed to
pay any dividend or sinking fund installment on preferred stock or (ii) has defaulted on any installment on indebtedness for borrowed
money or on any rental on one or more long-term leases, which defaults, individually or in the aggregate, would have a Material Adverse
Effect.

<div align='center'>13</div>

Section 5.10. No Preferential Rights. Except as set forth in the Commission Documents, (i) no Person, has the right, contractual or otherwise,
to cause the Company to issue or sell to such Person any Common Shares or shares of any other capital stock or other securities of the
Company, (ii) no Person has any preemptive rights, resale rights, rights of first refusal, rights of co-sale, or any other rights (whether
pursuant to a “poison pill” provision or otherwise) to purchase any Common Shares or shares of any other capital stock or
other securities of the Company, (iii) no Person has the right to act as an underwriter or as a financial advisor to the Company in connection
with the offer and sale of the Common Shares, and (iv) no Person has the right, contractual or otherwise, to require the Company to register
under the Securities Act any Common Shares or shares of any other capital stock or other securities of the Company, or to include any
such shares or other securities in the Registration Statement or the offering contemplated thereby, whether as a result of the filing
or effectiveness of the Registration Statement or the sale of the Shares as contemplated thereby or otherwise.

Section 5.11. Solvency.
The Company has not taken any steps, and does not currently expect to take any steps, to seek protection pursuant to Title 11 of the United
States Code or any similar Swiss or United States federal or state bankruptcy law or law for the relief of debtors, nor does the Company
have any knowledge that its creditors intend to initiate involuntary bankruptcy, insolvency, reorganization or liquidation proceedings
or other proceedings for relief under Title 11 of the United States Code or any other Swiss or United States federal or state bankruptcy
law or any law for the relief of debtors. The Company is financially solvent and is generally able to pay its debts as they become due.

Section 5.12. Real Property; Intellectual Property.

(a) Except