Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 375

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 375
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 debt obligations of NLS. 223 To affect any capital increase based on its capital band, a company will have to follow the relevant procedures under Swiss law. In particular, the Board will have to issue a capital increase report ( Kapitalerhöhungsbericht), approve a notarized confirmation resolution ( Feststellungsbeschluss) on the capital increase and the articles of association, and obtain (i) duly executed subscription form(s) covering the subscription of the relevant number of new shares, (ii) a report of an audit firm relating to the withdrawal of the pre -emptiverights, as well as (iii) a banking confirmation confirming the payment of the aggregate nominal value of the respective number of new shares to a special Swiss bank account, all in accordance with Swiss law. The Board will subsequently have to file the relevant documentation accompanied by an application form with the competent commercial register. Any issuance of common shares based on such filing(s) is subject to the recording of the respective capital increase(s) in the commercial register in accordance with Swiss law and its publication in the electronic Swiss Official Gazette of Commerce. The authorization to restrict or exclude the pre -emptiverights is limited to the above listed items and exclusively linked to the particular available capital band set out in the articles of association. If the period to increase NLS’s share capital within the capital band lapses without having been used by the Board, the authorization to restrict or exclude the pre -emptiverights lapses simultaneously with such capital. Conditional Share Capital Conditional Share Capital for Shareholders’ Options As per our current version of the articles of association, our nominal share capital may be increased by a maximum aggregate amount of CHF 75,634.02 through the issuance of not more than 2,521,134 registered shares (Common Shares), which would have to be fully paid -in, with a nominal value of CHF 0.03 each, by the exercise of convertible rights and/or option rights or warrants. Shareholders will not have pre -emptivesubscription rights in such circumstances. The holders of convertible bonds are entitled to the new shares upon the occurrence of the applicable conversion feature. Warrants that have been exercised in the meantime are not yet reflected in the articles of association of NLS by means of an increase of the issued share capital and the respective reduction of the conditional share capital. Under the Charter Proposal, the share capital of NLS may be increased by an amount not exceeding CHFthrough the issuance from time to time of a maximum offully