Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 837

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 837
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see Note 9b), the interest rate as of the date of the report is 7.95% |     |            20 | % |     | 31/12/23    |     |              301 |     |   292 |
| Loans from related parties (see Note 9c)                                                                  |     |            20 | % |     | See Note 9c |     |              851 |     |   893 |
| Convertible loan                                                                                          |     |           370 | % |     | See Note 15 |     |              230 |     |     — |
| Liability in respect of conversion component and options                                                  |     |               |   |     | See Note 15 |     |            1,002 |     |     — |
| Total financial liabilities                                                                               |     |               |   |     |             |     |            2,384 |     | 1,185 |

Liabilities for which a transaction was made with an interested party are measured according to fair value at the time of the transaction. Since it is a transaction in the capacity of a shareholder, the Company credits the difference between the fair value and the proceeds from the transaction after deducting the tax to equity in the interested party capital reserve item. The Company assessed the market conditions on the day of the transaction, for each transaction and in different periods at a rate of about 20 percent. In each reporting period, the Company recognizes financing expenses due to the revaluation of the loan as of the reporting date. As of the date of the report, the Company recognized financing expenses due to the revaluation of loans from an interested party and a loan from a banking corporation, at USD $153 thousand (in 2022, at USD $200 thousand). The accrued nominal interest as of December 31, 2023, totaled USD $25 thousand. The interest was paid on January 1, 2024. D. Management’s goals and policies regarding financial risk management The Company’s main financial liabilities consist of loans. These financial liabilities are mainly intended to finance the Company’s operations and provide guarantees that support its operations. The Company’s main assets are comprised of receivables and cash that derive directly from its operations. The Company is exposed to market risk, interest rate risk, foreign currency risk, and liquidity risk. The Company’s senior management oversees the management of these risks. 1. Market risks Market risk is the risk that the fair value or future cash flows from a financial