Company: NCEL
Filing Date: 2025-11-06
Form Type: POS AM
Source: 0001213900-25-106799
Chunk: 80

Company: NewcelX Ltd.
Filing Date: 2025-11-06
Form: POS AM
Chunk 80
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   |     |  (188 | ) |     |        3,639 |
| Revaluation recognized in Other Comprehensive Income                            |     |              801 |   |     |   (37 | ) |     |           52 |
| Balance as of June 30 (December 31)                                             |     |           11,663 |   |     | 1,145 |   |     |        5,061 |

D.During the reporting period, due to the extension of the repayment date of the loan provided by the Company’s shareholders until June 30, 2025, the loan amount was revalued at approximately $182 thousand which was recorded against capital reserve from transactions with controlling shareholders, before deducting an amount of $42 thousand in respect of a tax benefit. E.On January 30, 2025, the special general meeting of the shareholders of the Company approved the appointment of Mr. Ronen Twito as the chairman of the Board of Directors and the Chief Executive Officer of the merged company following the completion of the pending merger with NLS, as well as his updated terms of service, which shall become effective upon completion of the merger transaction. It was also approved to grant 157,995 Restricted Stock Units (RSUs), for no consideration, to Mr. Ronen Twito,

Annex B-10 KADIMASTEM LTD.
NOTES TO INTERIM FINANCIAL STATEMENTS which shall vest into the same number of ordinary shares in 24 equal monthly installments, over a total period of two years, with the start of vesting on January 2, 2025. The price of the ordinary shares at the grant date was $4.25 (NIS 15.25). The fair value of the RSUs was calculated according to the Black and Scholes model in a total amount of approximately $650 thousand (NIS 2.4 million). The RSUs will immediately vest, partially or fully, under certain conditions including immediate vesting of 30% of the unvested RSUs upon an event of capital raising (including through capital raising as a result of exercising options) in total amount of $10 million or more by the merged company, subject to the completion of the merger transaction with NLS and immediate vesting of 60% of the unvested RSUs upon completion of the merger transaction. Through June 30, 2025, the Company recorded expenses of $415 thousand related to the grant of these RSUs.