Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 271

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 271
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 for-one 
  Reverse 
 Split(1) |     |   Assuming 
 a fifteen- 
    for-one 
    Reverse 
   Split(1) |     |  Assuming 
 a twenty- 
   for-one 
   Reverse 
  Split(1) |
| Aggregate Number of Shares of NLS Common Shares |     | 4,908,034 |     |   2,454,017 |     |  981,607 |     |  490,804 |     |    327,203 |     |   245,402 |

____________ (1)Numbers are approximate and do not take into account rounding for fractional shares. Under Swiss law, the NLS Board must not issue fractional shares. Therefore, NLS does not issue certificates representing fractional shares. NLS will pay to shareholders of record who would hold fractions because the number of NLS Common Shares they hold before the reverse split is not evenly divisible by the reverse split ratio a cash compensation, at the discretion of the NLS Board, either based on the five trading days volume weighted average market price at Nasdaq immediately before the implementation of the reverse stock split. For example, if a shareholder holds 150.25 NLS Common Shares following the reverse split, that shareholder will receive 150 NLS Common Shares and a cash compensation as described for the 0.25 fraction. NLS registered holders of NLS Common Shares hold their shares electronically in book -entryform with the transfer agent. These shareholders will be provided with a statement reflecting the number of shares registered in their accounts. If a shareholder holds registered shares in book -entryform with the transfer agent, the shareholder may return a properly executed and completed letter of transmittal. Shareholders who hold shares in street name through a nominee (such as a bank or broker) will be treated in the same manner as shareholders whose shares are registered in their names, and nominees will be instructed to effect the reverse split for their beneficial holders. However, nominees may have different procedures and shareholders holding shares in street name should contact their nominees. Shareholders will not have to pay any service charges in connection with the exchange of their certificates. At the NLS Meeting, shareholders will be asked to approve the ordinary capital increase to create and issue the Merger Consideration Shares in accordance with the Merger Agreement. The Exchange Ratio will be determined based on a formula that is expected to result in the Initial Split, subject to adjustment pursuant to the terms of the Merger Agreement, including as a result of estimated