Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 138

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 138
---
 the Common Shares in the course of hedging in positions they assume. The selling stockholders
may also sell Common Shares short and deliver Common Shares covered by this prospectus to close out short positions and to return borrowed
shares in connection with such short sales. The selling stockholders may also loan or pledge Common Shares to broker-dealers that in turn
may sell such shares.

The selling stockholders may
pledge or grant a security interest in some or all of the Common Shares, or Preferred Shares owned by them and, if they default in the
performance of their secured obligations, the pledgees or secured parties may offer and sell the Common Shares from time to time pursuant
to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act of 1933,
as amended, amending, if necessary, the list of selling stockholders to include the pledgee, transferee or other successors in interest
as selling stockholders under this prospectus. The selling stockholders also may transfer and donate the Common Shares in other circumstances
in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of
this prospectus.

The selling stockholders and
any broker-dealer participating in the distribution of the Common Shares may be deemed to be “underwriters” within the meaning
of the Securities Act, and any commission paid, or any discounts or concessions allowed to, any such broker-dealer may be deemed to be
underwriting commissions or discounts under the Securities Act. At the time a particular offering of the Common Shares is made, a prospectus
supplement, if required, will be distributed which will set forth the aggregate amount of Common Shares being offered and the terms of
the offering, including the name or names of any broker-dealers or agents, any discounts, commissions and other terms constituting compensation
from the selling stockholders and any discounts, commissions or concessions allowed or re-allowed or paid to broker-dealers.

Under the securities laws
of some states, the Common Shares may be sold in such states only through registered or licensed brokers or dealers. In addition, in some
states the Common Shares may not be sold unless such shares have been registered or qualified for sale in such state or an exemption from
registration or qualification is available and is complied with.

There can be no assurance
that any selling stockholder will sell any or all of the Common Shares registered pursuant to the