Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 304

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 304
---
 the corporate income tax, the corporate capital is taxed at a rate of 0.16% (cantonal and communal tax only, as there is no federal tax on capital). 163

Value Added Tax, or VAT, is charged on all qualifying goods and services by VAT -registeredbusinesses. Depending on the qualification of the goods and services, the VAT rate is 8.1%, 2.6% or 3.8%. The applicable VAT is added to certain sales invoices subject to VAT and is payable to the Swiss Federal Tax Administration. Similarly, VAT paid on purchase invoices is deductible from the VAT payable to the Swiss Federal Tax Administration. The issuance of new shares or any contribution of a direct shareholder is generally subject to 1% stamp duty at the level of NLS. NLS is further subject to Swiss withholding tax with a statutory withholding tax rate of 35%. Results of Operations The numbers below have been derived from our unaudited interim condensed financial statements incorporated by reference in this proxy statement/prospectus. The discussion below should be read along with these financial statements, and it is qualified in its entirety by reference to them. Comparison of the Six Months Ended June 30, 2024 and 2023

|                                     |     | For the Six Months Ended 
 June 30,                 |       2024 |   |     |   |       2023 |   |
|:------------------------------------|:----|:-------------------------|-----------:|:--|:----|:--|-----------:|:--|
| Research and development expenses   |     | $                        |    271,350 |   |     | $ |  4,383,625 |   |
| General and administrative expenses |     |                          |  1,782,142 |   |     |   |  3,165,858 |   |
| Operating loss                      |     |                          | (2,053,492 | ) |     |   | (7,549,483 | ) |
| Other income (expense), net         |     |                          |    104,643 |   |     |   |    (63,127 | ) |
| Interest expense                    |     |                          |    (86,985 | ) |     |   |       (129 | ) |
| Net loss                            |     | $                        | (2,035,834 | ) |     | $ | (7,612,739 | ) |

Research and Development Expenses Research