Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 48

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 48
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 to the record holders of the outstanding NLS Common Shares as of immediately prior to the Effective Time. One CVR will be issued for each NLS Common Share held by each holder. Also, the CVRs will be issued by NLS to the holders of the outstanding warrants and pre -fundedwarrants of NLS as of immediately prior to the Effective Time, to the same extent that if such holders of NLS warrants had held the number of NLS Common Shares acquirable upon the complete exercise of such warrants. One CVR will be issued for each NLS Common Share acquirable upon the complete exercise of such warrants. For a more complete description of the CVR Agreement, please see the section entitled “ Certain Related Agreements — CVR Agreement” in this proxy statement/prospectus. CVRs will be issued and distributed by NLS in the form of a dividend to each holder in connection with the Merger. The CVR Agreement will only become effective as of, and contingent upon, the Closing and shall be void upon the valid termination of the Merger Agreement. Q.When will the CVRs be payable and what is the payment procedure for the CVRs? Payment of the CVRs is contingent upon the sale of the Legacy Assets (as defined in the Merger Agreement). Upon the occurrence of sale or disposition of all or any part of the Legacy Assets, NLS will deliver to the Rights Agent a certificate certifying that the holders of the CVRs are entitled to receive a corresponding CVR payment and setting forth, in reasonable detail, the calculation of the applicable CVR payment amount, together with reasonable supporting documentation for such calculation. The Rights Agent shall, within the time period specified in the Merger Agreement, x

deliver to the holders of the CVRs a copy of their payment. Pursuant to the CVR Agreement, NLS is also entitled to abandon the planned sale of the Legacy Assets in accordance with the terms and conditions of the Merger Agreement, after which the holders of the CVRs will not be entitled to any kind payment under the CVR Agreement. For more detailed discussion of the Legacy Assets and payment procedure for the CVRs, please see the sections entitled “ The Merger Proposal (Proposal 1) — The Merger Agreement” and “ Certain Related Agreements — CVR Agreement.” Q.Is interest payable with respect to the CVRs? No interest will accrue on any amounts payable on the CVRs to any CVR holder. Q.If the CVR payment is made, what will