Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 182

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 182
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 coverage. These rules and regulations could also make it more difficult for NLS to attract and retain qualified directors. The requirements associated with being a public company require significant company resources and management attention. NLS is subject to the reporting requirements of the Exchange Act, Nasdaq listing requirements and other applicable securities rules and regulations. The Exchange Act requires that NLS file periodic reports with respect to its business and financial condition and maintain effective disclosure controls and procedures and internal control over financial reporting. In addition, subsequent rules implemented by the SEC and Nasdaq may also impose various additional requirements on public companies. As a result, NLS will incur additional legal, accounting and other expenses, particularly after NLS is no longer an EGC as defined in the JOBS Act. NLS estimates that these expenses will be 56 in excess of one million dollars annually. NLS has made changes to its corporate governance standards, disclosure controls and financial reporting and accounting systems to meet its reporting obligations. The measures NLS take, however, may not be sufficient to satisfy its obligations as a public company, which could subject it to delisting of its NLS Common Shares, fines, sanctions and other regulatory action and potentially civil litigation. After NLS is no longer an EGC, NLS expects to incur significant expenses and devote substantial management efforts toward ensuring compliance with the requirements of Section 404 of the Sarbanes -OxleyAct and the other rules and regulations of the SEC. NLS Risks Related to Swiss Law and Its Operations in Switzerland NLS is a Swiss stock corporation. The rights of its shareholders may be different from the rights of shareholders in companies governed by the laws of U.S. jurisdictions. NLS is a Swiss stock corporation. Its corporate affairs are governed by its Articles and by Swiss laws governing companies, including listed companies, incorporated in Switzerland. The rights of its shareholders and the responsibilities of the NLS Board may be different from the rights and obligations of shareholders and directors of companies governed by the laws of the United States or Israel. In the performance of its duties, its NLS Board is required by Swiss law to consider the interests of NLS, and may also regard the interests of its shareholders, its employees and other shareholders, in all cases with due observation of the principles of reasonableness and fairness. It is possible that some shareholders have interests that are different from, or in addition to, your interests as a shareholder. Swiss corporate law limits the ability of NLS shareholders to challenge resolutions made or other actions taken by its NLS Board in