Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 353

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 353
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 lenders upon conversion of the loan into shares. The non -marketablewarrants will be issued at a rate equal to 125% of the total loan conversion shares outstanding at the effective time of conversion. The exercise price of the warrants will be equal to a rate of 110% of the conversion share price, and the exercise period will be 42months from the date of their issuance; (P)Adjustment for $755,786 related to conversion of loans from related parties as noted above at closing of merger; 197

(P)Adjustment for $742,751 related to conversion of loans from related parties as noted above at closing of merger; (P)Adjustment for $1,144,985 related to conversion of loans from related parties as noted above at closing of merger; (P)Adjustment to remove $485,111 interest expense related to loans converted as noted above at closing as if merger took place January1, 2023, for the six months ended June30, 2024; (P)Adjustment to remove $316,824 of interest expense related to loans converted as noted above at closing as if merger took place January1, 2023, for the twelve months ended December31, 2023; (Q)Adjustment to record elimination of $1,238,425share premium and $62,286,200 ordinary shares of Kadimastem at closing of merger; (R)Adjustment of $750,055 to record issuance of 22,658,888 common shares to Kadimastem at CHF 0.03 par value upon closing of the merger to currently represent 80% currently estimated ownership in NLS; (S)To account for adjustments with respect to the allocation of the preliminary purchase price to the assets acquired and liabilities assumed based on the carrying value of the NLS’s net assets approximating the fair value. The excess of purchase price over net assets acquired will be allocated to Goodwill.

|                                                    |     | Amount |            |
|:---------------------------------------------------|:----|:-------|-----------:|
| Purchase price consideration(1)                    |     | $      | 10,196,500 |
| Total consideration                                |     | $      | 10,196,500 |
| Assets acquired:                                   |     |        |            |
| Cash                                               |     | $      |  4,887,099 |
| Prepayments and other current assets               |     |        |    639,710 |
|