Company: NCEL
Filing Date: 2025-02-05
Form Type: F-3
Source: 0001213900-25-010223
Chunk: 104

Company: NewcelX Ltd.
Filing Date: 2025-02-05
Form: F-3
Chunk 104
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 as Iran, will join the hostilities. Such clashes may escalate in the future into a greater regional conflict. In addition, Iran has threatened to attack Israel and is widely believed to be developing nuclear weapons. Iran is also believed to have a strong influence among extremist groups in the region, such as Hamas in Gaza, Hezbollah in Lebanon, the Houthi movement in Yemen and various rebel militia groups in Syria. These situations may potentially escalate in the future to more violent events which may affect Israel and Kadimastem. Any armed conflicts, terrorist activities or political instability in the region could adversely affect business conditions, could harm Kadimastem’s results of operations and could make it more difficult for Kadimastem to raise capital. Parties with whom Kadimastem does business may decline to travel to Israel during periods of heightened unrest or tension, forcing Kadimastem to make alternative arrangements when necessary in order to meet Kadimastem’s business partners face to face. In addition, the political and security situation in Israel may result in parties with whom Kadimastem has agreements involving performance in Israel claiming that they are not obligated to perform their commitments under those agreements pursuant to force majeure provisions in such agreements. Further, in the past, the State of Israel and Israeli companies have been subjected to economic boycotts. Several countries still restrict business with the State of Israel and with Israeli companies. These restrictive laws and policies may have an adverse impact on Kadimastem’s operating results, financial condition or the expansion of its business.

Any hostilities involving Israel or the interruption or curtailment of trade between Israel and its trading partners could adversely affect Kadimastem’s operations and results of operations. In recent years, the hostilities involved missile strikes against civilian targets in various parts of Israel, including areas in which Kadimastem’s employees and some of its consultants are located, and negatively affected business conditions in Israel.

Kadimastem’s commercial insurance does not cover losses that may occur as a result of events associated with the security situation in the Middle East. Although the Israeli government currently covers the reinstatement value of direct damages that are caused by terrorist attacks or acts of war, Kadimastem cannot assure you that this government coverage will be maintained. Any losses or damages incurred by Kadimastem could have a material adverse effect on its business. Any armed conflicts or political instability in the region would likely negatively affect business conditions and could harm Kadimastem’s results of operations.

Finally, political conditions within Israel may