Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 169

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 169
---
 accounting standards. A material increase in costs could have a significant effect on NLS’s profitability and operating cash flow. 64 NLS could have significant increases in capital and operating costs over the next several years in connection with the development of new projects and in the sustaining and/or expansion of existing operations. Costs associated with capital expenditures may increase in the future as a result of factors beyond NLS’s control. Increased capital expenditures may have an adverse effect on the profitability of and cash flow generated from existing operations, as well as the economic returns anticipated from new projects. NLS may seek to grow through acquisitions. NLS may seek to grow through acquisitions. Factors which may affect its ability to grow successfully through acquisitions include: •inability to obtain financing; •difficulties and expenses in connection with integrating the acquired companies and achieving the expected benefits; •diversion of management’s attention from current operations; •the possibility that it may be adversely affected by risk factors facing the acquired companies; •acquisitions could be dilutive to earnings, or in the event of acquisitions made through the issuance of NLS Common Shares to the shareholders of the acquired company, dilutive to the percentage of ownership of its existing shareholders; •potential losses resulting from undiscovered liabilities of acquired companies not covered by the indemnification that it may obtain from the seller; and •loss of key employees of the acquired companies. The potential termination of the Merger Agreement and related uncertainties could negatively impact NLS’s business. The Merger Agreement is subject to several conditions, including approval by NLS’s shareholders, which must be met or waived prior to the Merger’s completion. Some conditions are outside of NLS’s control, and there is no assurance that they will be met in a timely manner or at all. The Merger Agreement could be delayed, may not be completed, or may be terminated under certain circumstances. Uncertainty regarding the Merger could adversely impact employee morale and retention, disrupt business relationships, and affect the trading price of NLS Common Shares. Additionally, management and personnel will need to focus significant time and resources on the Merger, potentially diverting attention from day -to-dayoperations. NLS will incur significant transaction costs regardless of whether the Merger is finalized, and such expenses may be higher than anticipated, especially if the Merger is delayed or terminated. Unfavorable general economic conditions may materially adversely affect NLS’s business. While it is difficult for NLS to predict the impact of general economic conditions on its business, these conditions could reduce customer demand for