Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 179

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 179
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 Price Requirement. Normally, a company is afforded a 180 -calendarday period to regain compliance with the Minimum Bid Price Requirement. However, pursuant to the newly adopted Nasdaq Listing Rule 5810(c)(3)(A)(iv), or the Reverse Split Limitation Rule, a company that has effected two reverse stock splits over the prior two -yearperiod with a cumulative ratio exceeding 250shares to one is ineligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A). Accordingly, we may not be able to regain compliance with the Minimum Bid Price Requirement. If NLS is delisted from Nasdaq, it would likely have a negative effect on its market price and impair an investor’s ability to buy or sell shares when desired. In the event of a delisting, there can be no assurance that any action taken by us to restore compliance with Nasdaq’s listing requirements would result in relisting, stabilize the market price or improve liquidity, prevent NLS Common Shares from falling below the Minimum Bid Price Requirement, or prevent future non -compliancewith Nasdaq’s listing rules. Shareholders outside of the United States may not be able to exercise pre-emptive rights in future issuances of equity or other securities that are convertible into equity. Under Swiss corporate law, shareholders may receive certain pre -emptiverights to subscribe on a pro -ratabasis for issuances of equity securities or other securities that are convertible into equity securities. Due to the laws and regulations in certain jurisdictions, however, shareholders who are not residents of the United States may not be able to exercise such rights unless NLS takes action to register or otherwise qualify the rights offering, including, for example, by complying with prospectus requirements under the laws of that jurisdiction. There can be no assurance that NLS will take any action to register or otherwise qualify an offering of subscription rights or shares under the laws of any jurisdiction other than the United States where the offering of such rights is restricted. If shareholders in such jurisdictions were unable to exercise their subscription rights, their ownership interest in NLS will be diluted. NLS’s Common Shares are issued under the laws of Switzerland, which may not protect investors in a similar fashion afforded by incorporation in a U.S. state. NLS is organized under the laws of Switzerland. However, there can be no assurance that Swiss law will not change in the future or that it will serve to protect investors in a similar fashion afforded under corporate law principles in the United States, which could adversely affect the