Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 824

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 824
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389,000, was determined according to the Black -Scholesmodel based on the following assumptions:

| Expected share price volatility (%) |     | 74% – 75%    |
| Risk-free interest rate (%)         |     | 0.1%         |
| Share price (USD)                   |     | 1.129 – 1.05 |

As of August28, 2021, the receipt of the total Consideration according to the investment agreements was completed, at USD $6,859 thousand, and after deducting the issuance expenses, USD $346,000, the Company received a total of USD $6,513,000. On April 30, 2023, 3,930,876 non -marketableequity -basedSeries B1 and B2 warrants expired. F.On October 21, 2021, the Company’s Board of Directors gave its approval, following approval of the audit committee, for a private investment in the Company in the aggregate amount of USD $2.94 million (NIS 9.45 million) by way of a private placement and the exercise of non -marketablewarrants (Series A). In accordance with the investment agreement, the 5 investors who had participated in the April 25, 2021 private placement led by Clover and Alpha Fund would exercise their Series A warrants early. In exchange for investors immediately exercising their Series A Warrants, in a total amount of USD $2.94, whose expiration date is July 31, 2022, and accordingly would inject an investment into the Company that totals USD $2.94 million, in return, such investors would be issued 2,158,783 Series C warrants, with an exercise price per warrant of USD $2 (NIS 7) until December 31, 2023. Until December 31, 2021, 1,466,087 non -marketableSeries A warrants were exercised, for which the Company received a total of USD $1,600 thousand. The fair value of the warrants, USD $604 thousand, was credited to share premium.

Annex G-35 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 18: — EQUITY (cont.) On January 10, 2022, the investment mentioned above was completed as part of the warrant exchange transaction, and the Company received the consideration USD $1,340 thousand, and thus the receipt of the total consideration according to