Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 28

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 28
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 under the Purchase Agreement, if any.

Moreover, although the Purchase
Agreement provides that we may sell up to an aggregate of $25.0 million of our Common Shares to the Selling Shareholder; other than the
Commitment Shares, only 5,000,000 Common Shares are being registered hereunder that we may elect to sell to the Selling Shareholder, in
our sole discretion, from time-to-time from and after the date of, and pursuant to, the Purchase Agreement. Even if we elect to sell to
the Selling Shareholder all of the Common Shares being registered for resale under this prospectus, depending on the market prices of
our Common Shares at the time of such sales, the actual gross proceeds from the sale of all such shares may be substantially less than
the $25.0 million total commitment under the Purchase Agreement, which could materially adversely affect our liquidity.

If we desire to issue and
sell to the Selling Shareholder under the Purchase Agreement more than the 5,000,000 Common Shares being registered for resale under this
prospectus, we would need to file with the SEC, one or more additional registration statements to register under the Securities Act the
resale by the Selling Shareholder of any such additional Common Shares and the SEC would have to declare such registration statement or
statements effective before we could sell additional shares.

Any issuance and sale by us
under the Purchase Agreement of a substantial number of Common Shares in addition to the Common Shares being registered for resale by
the Selling Shareholder under this prospectus could cause additional substantial dilution to our shareholders. The number of Common Shares
ultimately offered for sale by the Selling Shareholder is dependent upon the number of Common Shares, if any, we ultimately sell to the
Selling Shareholder under the Purchase Agreement.

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Further, the resale
by the Selling Shareholder of a significant number of shares registered for resale in this offering at any given time, or the perception
that these sales may occur, could cause the market price of our Common Shares to decline and to be highly volatile.

Investors who buy shares at different times will likely pay different prices.

Pursuant to the Purchase Agreement,
we will have discretion, subject to market demand, to vary the timing, prices and numbers of shares sold to the Selling Shareholder. If
and when we do elect to sell Common Shares to the Selling Shareholder pursuant to the Purchase Agreement, the Selling Shareholder may
resell all,