Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 153

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 153
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 results of operations and reputation, and may cause loss of business. Litigation in general can be expensive, lengthy and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict. NLS and/or its directors and officers may be involved in allegations, litigation or legal or administrative proceedings from time to time. On August 27, 2024, the Company received correspondence from Université de Lausanne, initiating the official “audience de conciliation” procedure, overseen by the ordinary civil court in Lausanne. The hearing was scheduled for October 9, 2024, at the Tribunal d’arrondissement de Lausanne. The complaint pertains to an unpaid invoice for research services amounting to $110,179, plus interest at a rate of 5%. At the hearing on October 9, 2024, Université de Lausanne was not open to discussing a potential settlement. The Company asserts that the services provided did not meet the required standard of care and intends to defend its position. On May 9, 2025, the Company filed a statement of defense and asserted a counterclaim in CHF 30,000 plus compensatory interests at a rate of 5% per annum since June 29, 2022. Regardless of the merits, responding to allegations, litigation or legal or administration proceedings and defending against litigation can be time -consumingand costly, and may result in it incurring substantial legal and administrative expenses, as well as divert the attention of its management. Any such allegations, lawsuits or proceedings could have a material adverse effect on its business operations. Further, unfavorable outcomes from these claims or lawsuits could adversely affect its business, financial condition and results of operations. NLS believes that its current cash on hand and access to existing financing arrangements will not be sufficient to fund its projected operating requirements for a period of one year from the issuance of the financial statements included elsewhere in this proxy statement/prospectus. This raises substantial doubt about its ability to continue as a going concern. There can be no assurance that these funds will be available, or if they are available, their availability will be on terms acceptable to the Company or in an amount sufficient to enable the Company to fully complete its development activities, sustain operations or pay back its debt. NLS believes that its current cash on hand and access to existing financing arrangements will not be sufficient to fund its projected operating requirements for a period of one year from the issuance of the financial statements included elsewhere in this