Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 525

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 525
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 NLS has a participation capital (non -votingcapital) of CHF 18,193.56, divided into 606,452 fully paid -inparticipation certificates (Preferred Participation Certificates), with a par value of CHF 0.03 each. The PPCs are identical to the NLS Preferred Shares, including dividend rights, and liquidation preferences, but do not carry any voting rights. The NLS Preferred Shares bear voting rights under Swiss corporate law, unless contractually removed. As of December31, 2024, the NLS Preferred Shares were contractually non -voting. As of the date of this proxy statement/prospectus, the NLS Preferred Shares bear voting rights. However, the PPCs do not bear voting rights also from a Swiss corporate law perspective. As of the date of this proxy statement/prospectus, NLS has no profit -sharingcertificates (Genussscheine) outstanding. Treasury Shares per Swiss Corporate Law As of the date of this proxy statement/prospectus, NLS may hold NLS Common Shares in treasury per Swiss Corporate Law and may consider issuing additional NLS Common Shares to the Exchange Agent during a capital increase. Swiss law limits our right to purchase and hold our own shares. NLS and its subsidiaries may purchase shares only if and to the extent that (i) freely disposable equity capital is available in the required amount; and (ii) the combined par value of all such shares does not exceed 10% of the share capital. Pursuant to Swiss law, where shares are acquired in connection with a transfer restriction set out in the articles of association, the foregoing upper limit is 20%. We currently do not have any transfer restriction in our articles of association. If we own shares that exceed the threshold of 10% of our share capital, the excess must be sold or cancelled by means of a capital reduction within a reasonable time. Shares held by NLS or its subsidiaries are not entitled to vote at the shareholders’ meeting but are entitled to the economic benefits applicable to the shares generally, including dividends and pre -emptiverights in the case of share capital increases. Swiss law and our articles of association do not impose any restrictions on the exercise of voting or any other shareholder rights by shareholders residing outside of Switzerland. Furthermore, according to Swiss accounting rules, NLS needs to reflect the amount of the purchase price of the acquired treasury shares as a negative position through the creation of a special reserve on its balance sheet. NLS may face negative Swiss tax