Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 805

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 805
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 Company agreed to adjust the exercise price in the Common Warrants to CHF 0.80and issued to the holders Pre -FundedWarrants to purchase up to 136,648Common Shares, or the Pre -FundedWarrants. Each Pre -FundedWarrant is exercisable for one Common Share at an exercise price of CHF 0.80per share. The Pre -FundedWarrants are immediately exercisable and may be exercised at any time until all of the Pre -FundedWarrants are exercised in full. On September 16, 2024, the Company and an institutional investor entered into a warrant amendment agreement to amend warrants to purchase up to 172,836common shares, par value CHF 0.80. The amendment adjusted the definition of a “Fundamental Transaction” and the exercise price to CHF 0.80. Following an increase in authorized common shares, the Company will issue pre -fundedwarrants to purchase up to 191,431common shares for aggregate proceeds of $ 153,144. The Company has reflected a deemed dividend totaling $ 2,076,180for the incremental value from the modification of the warrants’ exercise price and the fair value of the warrants issued as consideration for executing the Amendment. The deemed has been reflected within stockholders’ deficit and as an increase to loss attributable to common stockholders for the purposes of computing loss per share. The incremental value due to the modification was determined to be $ 366,684using a Black -Scholesoption pricing model to compute the fair value of the warrant pre and post modification and recording the difference. The fair value of the aggregate warrants issued as consideration for executing the Amendment was determined to be $ 1,709,496computed using a Black -Scholesoption pricing model. The following input assumptions were utilized in the Black -Scholesmodel: expected term of oneyear, volatility of 148%, risk -freerates ranging from 3.96% to 4.24%, and dividend rate of 0%.

The following table summarizes the common share warrant activity for the year ended December 31, 2024:

| Balance at January 1, 2024   |     |   476,128 |   |
| Issuances                    |     | 1,321,961 |   |
| Exercises                    |     |  (191,431 | ) |
| Expired                      |     |    (7,696 | ) |
| Balance