Company: NCEL
Filing Date: 2025-02-05
Form Type: F-3
Source: 0001213900-25-010223
Chunk: 39

Company: NewcelX Ltd.
Filing Date: 2025-02-05
Form: F-3
Chunk 39
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astem had 12 employees, 4 of whom were employed in finance and administration and 10 of whom were employed in research and development. All Kadimastem employees are in Israel. Israeli labor laws principally govern the length of the workday, minimum wages for employees, procedures for hiring and dismissing employees, determination of severance pay, annual leave, sick days, advance notice of termination of employment, equal opportunity and anti-discrimination laws and other conditions of employment. Subject to certain exceptions, Israeli law generally requires severance pay upon the retirement, death or dismissal of an employee, and requires Kadimastem and Kadimastem’s employees to make payments to the National Insurance Institute, which is similar to the U.S. Social Security Administration. Kadimastem’s employees have defined benefit pension plans that comply with applicable Israeli legal requirements, which also include the mandatory pension payments required by applicable law and allocations for severance pay. While none of Kadimastem’s employees are party to any collective bargaining agreements, certain provisions of the collective bargaining agreements between the Histadrut (General Federation of Labor in Israel) and the Coordination Bureau of Economic Organizations (including the Industrialists’ Associations) are applicable to Kadimastem’s employees by extension orders issued by the Israel Ministry of Economy (previously the Israeli Ministry of Trade, Industry and Labor). These provisions primarily concern the length of the workweek, pension fund benefits for all employees and for employees in the industry section, insurance for work-related accidents, travel expenses reimbursement, holiday leave, convalescent payments and entitlement for vacation days. Kadimastem generally provide Kadimastem’s employees with benefits and working conditions beyond the required minimums. Kadimastem has never experienced any employment-related work stoppages and believe Kadimastem’s relationship with Kadimastem’s employees is good. All of Kadimastem’s employment and consulting agreements include employees’ and consultants’ undertakings with respect to non-competition and assignment to Kadimastem of intellectual property rights developed in the course of employment and confidentiality. The enforceability of such provisions is limited by Israeli law. Company Information Kadimastem was established as an Israeli company on October 6, 2008. Kadimastem began trading on the Tel Aviv Stock Exchange in June 2013.

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THE OFFERING This prospectus relates to the resale by the Selling Shareholder identified in this prospectus of up to 645,161 of our Common