Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 170

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 170
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 manipulation of the price of any security
of the Company, in each case to facilitate the sale or resale of any of the Shares, (ii) sold, bid for, purchased, or paid any compensation
for soliciting purchases of, any of the Shares, or (iii) paid or agreed to pay to any Person any compensation for soliciting another to
purchase any other securities of the Company. Neither the Company nor any of its officers, directors or, to the knowledge of the Company,
its Affiliates will during the term of this Agreement, and, to the knowledge of the Company, no Person acting on their behalf will during
the term of this Agreement, take any of the actions referred to in the immediately preceding sentence.

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Section 5.35. Listing and Maintenance Requirements; DTC Eligibility. The Common Shares are registered pursuant to Section 12(b) of the Exchange Act,
and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the registration
of the Common Shares under the Exchange Act, nor has the Company received any notification that the Commission is contemplating terminating
such registration. The Company has not received notice from the Principal Market to the effect that the Company is not in compliance with
the listing or maintenance requirements of the Principal Market. The Shares are, or will be after the Commencement Date, eligible for
participation in the DTC book entry system and deposit at DTC such that they may be transferred electronically to third parties via DTC
through its Deposit/Withdrawal at Custodian (“DWAC”) delivery system. The Company has not received notice from
DTC to the effect that a suspension of, or restriction on, accepting additional deposits of the Shares, electronic trading or book-entry
services by DTC with respect to the Shares is being imposed or is contemplated.

Section 5.36. OFAC.
Neither the Company nor any of its Subsidiaries (collectively, the “Entity”), nor any director, officer of the
Company nor, to the knowledge of the Company, any employee, agent, affiliate or representative of the Company or any director or officer
of any Subsidiary, is a Person that is, or is owned or controlled by a Person that is (i) the subject of any sanctions administered or
enforced by the (“OFAC”), the United Nations Security Council, the European Union, His Majesty’s Treasury,
or other relevant sanctions